On a macro basis: The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum. We attained 893 tics so far. The decent failure back below 2267 has brought in 750 tics of pressure. These rolled into the September contract and are ON HOLD.
On a shorter-term basis: The decent trade above 1748 has brought in 123 tics of strength above,. However, this may be starting into a lower time frame bearish correction against the move up from 1646 before (if) resuming higher trade. Areas of possible exhaustion for that correction come in at 1785-74, 1758, 1732-30, and lower.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold 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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