On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. We held an exhaustion within this at $1,275.6-$1,269.0 with a $1,274.6 low and have rallied $814.6. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2 of this. We held another exhaustion within this at $1,416.0-$1,413.7 with a $1,412.1 low and rallied $676.9. On 4/2 we left a bullish reversal below. We have seen $470.7. We have seen $398.2 of the strength warned about above the $1,690.3-$1,691.0 area. These are ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction warned about. The trade below $2,043.6 has brought in $366.2. We held exhaustion above at with a $2,001.2 high and rolled over $323.8. The trade below $1,915.7 brought in $238.3 of pressure. The decent trade below $1,879.3 projects this downward $24 minimum, $76 (+) maximum. We attained $129.2. On 6/14 we left a large bearish reversal above that warned of pressure for days/weeks—we have seen $115.8 of this so far. We will have to contend with possible exhaustion on the way down at $1,740.4-29.1. These are ON HOLD. I warned this week has a good likelihood of seeing range expansion—we have already exceeded last weeks.
On a lower timeframe basis: The trade above $1,688.2 brought in $231 of strength. Trade above $1,705.6 has brought in $204.4 of strength. The trade above $1,724.9-5.2 (-1.2 tics per/hour) has brought in $193.9. The trade above $1,747.6 has brought in $171.5 of strength. We held exhaustion below at $1,754.2-50.7 with a $1,754.6 low and bounced $164.5. These are ON HOLD. The trade below $1,908.5 brought in $158.4 of pressure. The trade below $1,902.4 brought in $152.3. The break below $1,897.6-6.5 (-1 tic per/hour) brought in $145.5 of pressure. The decent failure below $1,806.1 (-.5 of a tic per/hour) brought in $55.3 of pressure. The decent trade below $1,778.1 (+.5 of a tic per/hour) has brought in $28 of pressure. These are ON HOLD. The decent trade above $1,767.0 (-3 tics per/hour) projects this upward $16 (+). We have attained $17.9. Decent trade above $1,782.7 (+.5 of a tic per/hour starting at 8:20am) should bring in decent continued strength; but there is another formation just above coming in at $1,784.3 (-.5 of a tic per/hour starting at 8:20am) which will project this up $38 (+).
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, and Energy complex. 'Decent penetrations' are specific amounts and 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