Today is an FOMC announcement day. I believe the markets are banking on a rate cut today, but no matter how things turn out, it will likely be a very volatile afternoon....
Prices are mostly down this morning, but this could still end up as a mixed trading day. We will need to see how prices react once they test the overnight lows. For...
Prices are mostly range bound this morning. After working higher during the overnight session, prices have now gone sideways. Until something changes, expect mixed prices and range like action. It is easy
Prices trended higher during the overnight session but have gone more sideways since the regular session opening. The bias at the moment still has an upward slant, but we could continue to
Prices completed a measured move down on the daily chart and also moved well into oversold territory at the same time. After spending the overnight session in a range, prices managed to
We are definitely seeing follow through selling today. Things have been selling off in a very steep channel, which is often hard to sustain very long. I see a possible flatter channel
Prices have rallied this morning, but the current trend channel appears to be playing out for the moment. That does not mean that the trend up cannot re-establish itself, but as of
Prices rallied during the overnight session only to turn lower just after the regular session opening. There is a large overhead gap on the daily chart, so price may attempt to fill
As of now, prices are range bound, but prices are testing the lows and attempting to break lower out of the range as I am typing this report up. The overnight lows
Prices are mostly sideways today thus far, but they are trending higher at the moment and testing the overnight highs as I am writing this up. Those overnight highs also just happen