On a macro basis:The 3485 high in the (F) was taken out Sunday night, but we rolled back over and failed again.Decent trade back below 3408 (-.5 of a tic per/hour starting at 9:00am) should bring in continued pressure in (F).We came short of seeing a decent trade above 3349-50 in the (Z); the failure back below now has this under pressure.Decent trade below 3180-79 will project this downward 190 tics minimum, 220 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in.
On a shorter-term basis:Decent trade below 3301-2999 should bring in further pressure.We are called 67 tics lower as of 5:26am.
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