Michael Moor: Big Trend Reversals are Already Underway for Gold and Energy
Tom welcomes a new guest, Michael Moor, to the show. Michael is an analyst with a fifteen-year career on the floor of the NYMEX. He now provides industry-leading analysis and directional calls in the Gold and Energy Markets.
He explains the importance of using technical trading and why it normally leads fundamentals.
Michael explains what led him to make the call for low oil prices back in 2020. Heating oil and gasoline lead crude oil about eighty percent of the time, which can be highly advantageous in trading.
He explains some of his analysis for gold and how time frames influence his calls. Various formations are usually a gradual progression over different time frames that eventually result in a move.
He feels the down move in the S&P this year is more of a bearish correction within the longer bull cycle. He gives us his analysis on where the equity markets may be heading. Should the S&P hold around this level, we could see a substantial move upwards. He also believes that energy will be moving to the upside.
Lastly, he discusses crude spreads and how they can be a leading indicator. Understanding the inner workings of energy options can give a trader an enormous advantage.
Talking Points From This Week’s Episode
- The importance of technical analysis and how it can lead the fundamentals.
- Calling oil prices back in early 2020 and some leading indicators for those markets.
- His outlook for gold and the S&P.
Time Stamp References:
0:00 – Introduction
0:57 – Actionable Calls/Hedging
3:42 – Technical Analysis
4:57 – 2020 Oil Call & Spreads
11:16 – Leading Indicators
16:02 – Time Frames & Gold
24:08 – Resistance Patterns
25:23 – Bitcoin Chart & Time
28:55 – S&P Progression
36:28 – COT Thoughts
37:26 – Leading Indicators
40:53 – Wrap Up
Michael Moor studied Management and Finance at Rensselaer Polytechnic Institute (RPI) to get a more technical financial background. After starting with Citigroup, he moved on to be a Trader’s Assistant for Chicago Research & Trading (CRT) on the trading floor of the NYMEX, working with futures and options pit traders. He developed a reputation for consistently making large directional calls in the markets, and started Moor Analytics at the request of two Natural Gas and Crude Oil option traders. This grew to encompass over 1/4 the NYMEX membership as clients, and was the #1 large-call published analyst on the NYMEX for over 10 years until he moved the business off the floor. He has since also included European energies and Gold, and currently has proprietary traders, hedge funds, and oil companies as clientele.
Moor Analytics produces technically based market analysis and actionable trading suggestions. These are sent to clients twice daily, pre-open and post close, and range from intra-day to multi-week trading suggestions. Markets covered are Crude Oil (WTI), Natural Gas (Henry Hub), Unleaded Gas (RBOB), Heating Oil (ULSD), Brent Crude, Gas Oil, and inter and intra-commodity spreads. Gold is also covered.