On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2. These areON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $467. The trade below $1,761.8 (-.8 of a tic per/hour) warned of decent pressure—we attained $139.6.
On a lower timeframe basis: We left a minor bearish formation above on 10/10. We have seen $61.3 from the 10/10 open at $1,682.4. The roll back over from $1,677.8 brought in $56.7. The trade back below $1,663.0 (-4 tics per/hour) has brought in $41.9 of pressure. These are ON HOLD. We are now currently holding a lower exhaustion at $1,619.8-7.7 with a $1,621.1 low and are seeing some of the short covering warned about on the break back above $1,623.3-2.2. The trade above $1,635.1 has brought in $24 of the strength warned about above. The trade above $1,642.5 (-3 tics per/hour) projects this upward $24 minimum, $39 (+) maximum; but if we break back below decently, look for decent pressure. LINK TO ADDITIONAL ANALYSIS ON WEBSITE.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, and Energy complex. 'Decent penetrations' are specific amounts and 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
