The trend and bias are up at the moment, and the momentum seems to be accelerating as well. I’m estimating the upper side of the channel at this point, so that could
The trend and bias are down this morning. The blue two-tiered channel working lower does have a break of the trendline and a new low in place, so things could go sideways
Prices look to be range bound at the moment. As I am typing, prices have just turned off the highs and are trending lower, so the bias is slightly down to sideways
Prices broke out of a tight overnight range and are trending higher as I am typing. Prices also blew right through the EMA on the daily chart with zero resistance, so things
Prices gapped down at the open last night with the news coming out of the middle east. As you would normally expect, prices are now attempting to fill that gap. For now,
The trend and bias turned down strongly after the unemployment news came out this morning. Prices dropped over 50 points in about 20 minutes, only to recover a bit more than half
So far, we are not seeing any follow through buying this morning, so unless prices rally off the failed break lower around 9 AM CST, then we may not see a bounce
Prices rallied strongly during the overnight session giving the impression that prices might have found a bottom yesterday. However, since just after the regular session opening, prices have turned down again and
The trend and bias are down again this morning and down strongly at this point in time. That could change at some point though, as we are once again getting into very
Prices trended down strongly during the overnight session but have gone mixed and mostly sideways since the regular session opening at 8:30 AM CST. The bias is still slightly down to mostly