Prices are trading lower this morning but are mostly mixed so far. There is strong support down around 7413.00, but if that gives way, we might see prices trend further to the downside. For now, I would call this a range day. Watch the support level around 7413.00, as it will probably dictate how this day will play out overall. If it holds, prices may go higher. If it gives, prices could continue to push lower. I would expect mixed trading no matter how the day plays out and for the moment, I would categorize this as a range day with a mild downward bias for now.
