On a macro basis: The decent trade below 2695 has brought in 430 tics of the decent renewed pressure warned about below. This is ON HOLD.
On a shorter-term basis: The decent trade below 2651 (+.4 of a tic per/hour) projected this downward 140 tics (+). We have attained 388 tics so far, but this is ON HOLD. The trade back above 2389-406 warns of decent short covering. We have seen 80 tics of this so far. The maintained gap higher also left a short-term bullish reversal below, but this will be more effective once we take out 2507.
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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