On a higher timeframe basis: I cautioned on 8/16/18 the breakabove $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. Thisis ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2high and rolled over $412.8 into the macro bearish correction warned about.This is ON HOLD.
On a lower timeframe basis: The decent trade above at $1,771.4warned of decent strength. We saw $14.6 before rolling over. This will come inat $1,776.4 (+1.5 tics per/hour starting at 8:20am).Decent trade back belowwill negate the short covering bias and take the bearish calls OFF HOLD. Decenttrade below $1,764.2 (+.7 of a tic per/hour starting at 8:20am) will projectthis downward $23 minimum, $45 (+) maximum; but if we break below here decentlyand back above decently, look for decent strength to come in. Decent tradeabove $1,796.2 (-.5 of a tic per/hour starting at 8:20am) will project thisupward $38 (+). CLICKHERE FOR FULL ARTICLE.
NOTE:this is just a small portion of the market calls I provide my clientstwice daily in the Gold, Bitcoin, and Energy complex. 'Decent penetrations' arespecific amounts and provided to clients daily as 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.Past performance is by no means indicative of future results. Informationprovided in this newsletter is not to be deemed as an offer or solicitationwith respect to the sale of purchase of any securities or commodities. Anycopy, reprint, broadcast, or distribution of this report of any kind isstrictly prohibited without the express written consent of Michael Moor.Michael Moor may execute transactions in a proprietary trading account that maybe consistent or inconsistent with the contents of the newsletter. The content,statements, and viewpoints expressed in this publication are those of MichaelMoor solely in his individual capacity and are not attributable to any personor entity other than Michael Moor
By Moor AnalyticsContributing tokitco.com
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