The trend is down and down strongly this morning. Prices are easing into oversold territory, but that doesn’t mean they will reverse right away. We could still see more downward movement, and...
Sorry that I was unable to get to the chart lesson yesterday. I still had an emergency power situation which we worked on until 9 PM, and I just couldn’t get back...
The trend has reversed today, turning down off of the long-term resistance on the daily chart. For now, I will call the bias down and down strongly. It looks as if there
I am back in the office this week, but I will only be here sparingly. I will come in to do the mid-morning report, then leave again, and return in the evening
Just a quick update on my status. We still have no power and no water, so I am not attempting to come back to work yet. The roads are clearing a bit,
Unfortunately, my area was devastated by the recent winter storm that came across the Southern states. We have no power and temperatures are in the single digits here. This is very rare
Prices are mixed and range bound so far this morning. Right now, the path of least resistance appears to be down, although that does not mean we are going to see prices
Prices rallied and filled the upper gap that was created during the MLK holiday. However, that rally has now left a lower gap on the chart, and prices may need to fill
So far this morning, prices are rallying and trending higher. There is a lower gap on the chart this morning, so prices could attempt to turn lower and fill that gap at
Prices are mostly sideways and mixed this morning after a gap down on the MLK holiday trading. It is very possible that prices will attempt to fill that gap and if so,