The trend and bias are down so far, but until prices test the lows of the overnight, this could still be a range type day. For now, stick with the down trend and wait to see how prices react at the lows. If the lows hold and prices bounce, we might just see sideways action today. For now, the trend and bias are down.
Below is a look at the daily chart. It is hinting at a down day or possible sideways day as well.
Comments
ifod105 March 11, 2022 at
mack, did you roll over?
Mack March 11, 2022 at
Yes, this is the June Contract. There wasn’t a lot of difference, so I just went ahead and moved to the June contract.