The rally continues so far today. After three consecutive higher closes, the most likely scenario was more upward action today, and we are getting that in droves thus far. Don’t get lulled
Prices are still pushing higher off of the trendline on the daily chart, so it looks as if the uptrend is not done just yet. Prices rallied very strongly early on this
Looking at the daily chart, prices traded down and then bounced right off of the current trend line. There was an overhead gap on the regular session daily chart as well, and
While there is a mild upward bias, so far this looks to be a range type day. There is strong resistance around 5530.00, so prices will need to breach that and sustain
Prices rallied strongly just after the regular session opening but have now corrected somewhat and are trending lower. No matter how this day plays out, I would expect some mixed trading. Prices
Prices are mixed this morning, but there is also an overall downward bias as well. There is an overhead gap on the regular session chart, so prices may attempt to fill that
Prices continued to rally early on during the overnight session but turned down at some point and now appear to be working on a second measured leg down. Prices are testing the
Prices appear to be range bound at this point in time, but as we have seen lately, that can change drastically before the day is over. At the moment, prices appear to
Today is rollover day, so if you haven’t rolled over to the September contract, I would do so at some point today. So far, this appears to be a slow range type
Prices sold off during the overnight session but have turned sideways somewhat since that point in time. The overall bias still has a bit of a downward bias, but this could just