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We had two perfect measured legs down so far this morning and prices are trying to bounce now. This could end up as a range type day, but if prices turn down
The trend and bias are both down so far this morning. I see a two-tiered channel working lower that is still in play, so stay with that until the chart shows us
Prices are rallying this morning so far. There was a large overhead gap on the chart, and prices appear to be working to fill that gap. Once that happens, prices could go
Prices continue to rally today. I see two separate channels working upwards so far. I still think the market will retest the former highs with a new high at a minimum. Things
Happy New Year everyone! I hope everyone had a wonderful holiday season and I look forward to getting back to our regular schedule now. Note that I will be doing my normal
We are getting some follow through buying so far this morning. The question is can we sustain the buying today or will prices back off and trend lower before the day is
Maybe yesterday was a capitulation day, as prices are rallying strongly this morning. As we have seen lately, things can change on a dime, so do not get lulled to sleep and
Prices opened higher at the 8:30 AM CST regular session opening but quickly turned lower in an attempt to fill the lower gap on the chart. Prices have filled that gap, and
Prices continue to trend lower this morning, although they are finding at least momentary support at the overnight lows. We will need to wait and see if those lows create a low
Prices have been trending lower since just after the regular session opening at 8:30 AM CST. There was a lower gap on the chart, but prices have filled that gap now and