On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 3805 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 3687 tics of this. NOTE: on a very macro basis, the break above 4904 projects this upward $3.38, which could take roughly 14 months to attain. Trade at 4058 would negate this projection. ALL OF THE ABOVE ARE ON HOLD.
On a shorter-term basis: We basically held exhaustion at the low with a 3751 low and bounced 2715 tics into a lower time frame bullish trend. The above is ON HOLD. The decent trade below 5917 (+5 tics per/hour) projects this downward 475 tics minimum, 695 tics (+) maximum. We have attained 818 tics. The decent trade below 5600 negated the minor bullish reversal below and has brought in 501 tics of the pressure we are now looking for below. The decent trade below 5370 (+1.5 tics per/hour) has brought in 271 tics of pressure so far. Decent trade back above the line will warn of decent strength. This will come in at 5392 (+1.5 tics per/hour starting at 9:00am).
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