So far this looks to be a range type day. Prices have been trending higher since just after the regular session opening but are finding resistance before reaching the overnight highs. It
The overnight session saw more heavy selling, probably in sympathy with the Asian markets that were selling off heavily as well. Prices are trading well outside of the trendline on the daily
The downtrend continues today so far. Prices have moved all the way to the lower trend line on the daily chart, so if they find support there, we could see prices bounce
Prices are currently in a strong sell off, but it is still possible that this could end up as a range day. Prices were mostly sideways and rangebound until making a new
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