Prices trended upward during the overnight session but turned down just after the 8:30 AM CST regular session opening and are still working lower as I am typing this up. The current channel working down does appear to be playing out, but no reversal has occurred yet, so be careful trading it until we get some more clarity on that channel. There is a gap up on the chart, so prices are most likely attempting to fill it, and that target is down at 7494.75. Look for that as a first target to the downside and then re-evaluate from there.
As of now, the trend and bias are still down, but that could change at any moment, and prices could just work sideways and remain mixed and choppy. Stay flexible and follow the price action.
