On a macro basis:The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum.We attained 889 tics so far (in former contracts, and rolls into (N)).The decent failure back below 2267 has brought in 525 tics of pressure.
On a shorter-term basis:The decent trade below 2172 (+1 tic per/hour) has brought in 427 tics of pressure.The decent trade below 1854-51 warned of decent pressure.We have seen 106 tics of this.This will come in at 1875-80 today.Decent trade above will warn of decent short covering, likely toward 1970 (+)—this is a good likelihood, not a projection.
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