On a higher time basis: I warned on 8/16/18 that the breakout above $ 1,179.7 – $ 1,183.7 warned of renewed strength. We saw $ 905.5. It is WAITING. We maintained major exhaustion at $ 2,071.6-93.2 with a high of $ 2,089.2 and broke above $ 412.8 in the cautionary bearish macro correction. It is WAITING.

On a lower time base: The decent trade above at $ 1,771.4 has warned of decent strength. We saw $ 14.6 before tipping over. This will amount to $ 1,776.4 (+1.5 ticks per hour from 8:20 a.m.). Decent trade below will negate short hedging bias and take bearish calls OUT OF PENDING. A decent trade below $ 1,764.2 (+ 0.7 tick per hour from 8:20 a.m.) will project that down to $ 23 minimum, $ 45 (+) maximum; but if we go below here in a decent way and come back above in a decent way, look for a decent force. A decent trade above $ 1,796.2 (-0.5 tick per hour from 8:20 am) will project that $ 38 (+) rise. CLICK HERE FOR THE FULL ARTICLE.

NOTE: this is only a small portion market calls that I provide to my clients twice a day in the Gold, Bitcoin and Energy complex. “Decent penetrations” are specific amounts and provided daily to clients. If you are interested, please do not hesitate to contact us.

Trading in commodities 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 subscribers’ business losses. No representation is made, declared or implied, that an investor will obtain results, profits or losses, even remotely similar to hypothetical results. Past performance does not in any way prejudge future results. The information provided in this bulletin should not be construed as an offer or a solicitation to sell any securities or commodities. Any copying, reprinting, distribution or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute proprietary trading account transactions which may be consistent or inconsistent with the content of the newsletter. The contents, statements and views expressed in this publication are those of Michael Moor solely as an individual and are not attributable to any person or entity other than Michael Moor.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.

Source link