The trend and overall bias are up this morning, but prices have been mostly sideways since just after the regular session opening. There is strong resistance around 4265.00, which is the former
Early on it appeared as if prices were going to try and rally off the lows and maybe reverse today. Now it looks as it prices could go lower or possibly remain
In looking at the daily chart for some clues as to where prices may be going, it looks to be more of the same, with prices still trending up and down within
It is no real surprise that prices are trending lower this morning, as there was more room to go lower than higher based on the overhead resistance on the daily chart. Prices
Prices gapped higher due to the overnight rally, but that gap has already been filled and prices are still trending lower as I am typing this up. Prices have suddenly dropped quickly
Prices are sideways to slightly up this morning, and if prices are to make a measured move higher, they will first have to get through the resistance level around 4350.00. A measured
Today appears to be more of the same, with prices swinging up and down within a given price range. Prices did trade up and turn down right at the mid-line of the
So far, this has the look and feel of a range type day with a slight upward bias thus far. Prices gapped downward on the open last night but have been trending...
Prices are slightly up to sideways this morning. It seems that we may have found at least a temporary bottom, although any small trigger could turn this market lower on a dime,...
Russia did not blink and has now invaded Ukraine putting tremendous selling pressure on the stock indexes, while driving oil higher. While both the stock indexes and oil are trading off of...