On a macro basis: On 4/29/20 we left a bullish reversal below—we have seen $115.13 from that open at $15.37 in the (N). On 5/5/20 we left a medium-term bullish reversal below. We have seen $107.05 from $23.45. We held exhaustion below with a $34.04 low and rallied $96.46. The trade above $45.21 warned of renewed strength—we have seen $85.29 of this. The trade above $52.24 has brought in $78.26 of the strength warned about above. We took out a major trendline at $55.15, which warned of significant strength. We have seen $75.35.The break above $57.45-8.02 projects this upward $56 minimum, $101 (+) maximum. We have attained $72.48. The sustained trade above $76.90-98 warned of $70 to the upside over the next 18 months. The trade above $80.03 brought in $50.47.The trade above $84.58-82 brought in $45.68. All of the above roll into the (U) and are ON HOLD.
On a shorter-term basis: The trade below $119.15 has brought in $30.92 of the pressure warned about. The trade below $115.90 projected this downward $8.85 (+) max. We attained $27.67.The bullish correction within this held corrective exhaustion at $113.49 with a $114.05 high and rolled over $25.82.The trade below $111.00 warned of decent pressure for $5.90 (+). We attained $22.77.The trade below $105.73 brought in $17.50 of the pressure warned about. The trade below $104.48 (+1 tic per/hour) projects this downward $9.30 minimum, $18.50 (+) maximum. We have attained $16.25. These are ON HOLD. This warned this may be in the last stretch of the lower timeframe move down from $111.14 (the equivalent in (U) to that of (Q)), with the potential to bring in a bullish correction exceeding $9.83—we have rallied $11.34 from the $88.23 low so far. I warned Thursday this went out strong on the day and further warned the maintained gap higher Friday is a sign of strength—we have rallied $6.74 from Thursday’s close of $92.83. I warned Friday today has good likelihood of seeing range expansion--we have already exceeded Friday's range.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Crude and Energy/Gold/Bitcoin complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor
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