On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 4897 tics of higher trade. I noted the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general—we have seen 4779 tics of this. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 4491 tics from 3067 so far.
On a shorter-term basis: On 2/15 we left a moderate bullish formation below that warned of higher trade for days—we saw 2986 tics from the 4572 close. The decent trade above 4962 (-1 tic per/hour) projects this upward 200 tics minimum, 740 tics (+) maximum—we rallied 2596 tics. The break above 5047 also projects this upward 1300 tics (+). We have attained 2511 tics. The decent trade above 5918 (+1.5 tics per/hour) warned of decent strength. We have seen 1640 tics so far. The decent trade above 7264 (+6 tics per/hour) warns of continued higher trade; but if we fail back below decently, look for decent pressure. This will come in at 7345 (+6 tics per/hour starting at 8:00am).
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
Commentaires