On a higher timeframe basis: We held exhaustion below at$29,075-6,905 with a $28,800 low and bounced $36,100. I warned that holding theexhaustion area and settling back above the $30,205 low was an early warningthe macro move down from the high was likely over. The decenttrade back above $30,810 (-5 per/hour) has brought in $34,090 of the strengthwarned about above so far. The decent trade above $30,600 (-25 per/hour) hasbrought in $34,300 of the strength warned about above. The decent trade above$32,035 (-15 per/hour) projected this upward $3,500 (++). We have attained$32,865 The decent trade above $41,590-605 projected this upward $4,200minimum, $11,500 (+) maximum. We have attained $23,295. I warned we had an areaof possible corrective exhaustion to contend with at $38,655-350. We held thiswith a $40,085 low and bounced $24,815. The decent trade above $42,830 (-20per/hour) projects this upward $2,000 (+). We have attained $22,070.
On a lower timeframe basis: Failure back below $59,900-295 willwarn of pressure. Failure back below $53,125 will warn of a start to a bearishcorrection against the move up from $28,800 which could exceed $13,000. If webreak above $65,520 and break/settle back below, look for pressure. CLICKHERE FOR FULL ARTICLE.
NOTE: this is just a small portionof the market calls I provide my clients twice daily in the Natural Gas and Energy/Goldcomplex. 'Decent penetrations' are specific amounts provided to clients dailyas well. If you are interested, please feel free to reach out.
Commodities trading involves a substantialdegree of risk and may not be suitable for all investors. Michael Moor does notguarantee profits and is not responsible for any trading losses of subscribers.No representation is made, stated or implied, that any investor will achieveresults, profits, or losses, even remotely similar to hypothetical results. Pastperformance is by no means indicative of future results. Information providedin this newsletter is not to be deemed as an offer or solicitation with respectto the sale of purchase of any securities or commodities. Any copy, reprint,broadcast, or distribution of this report of any kind is strictly prohibitedwithout the express written consent of Michael Moor. Michael Moor may executetransactions in a proprietary trading account that may be consistent orinconsistent with the contents of the newsletter. The content, statements, andviewpoints expressed in this publication are those of Michael Moor solely inhis individual capacity and are not attributable to any person or entity otherthan Michael Moor
By Moor AnalyticsContributing tokitco.com
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