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UPDATE at 10:00 AM CST: Prices did indeed push through my upper trend channel line, so here is guesstimate #2 as to where that upper line might be located. The market is
The trend and bias are up so far this morning, but prices have found at least temporary resistance around 4760.00. We will have to see if the trend will end there, or
Prices appear to be mixed again so far this morning. Prices have been rallying off the lows since just after the regular session opening at 8:30 AM CST, so the trend and
Prices looked much the same today as yesterday, but they finally managed to push lower today. It will be interesting to see if the lower prices will hold today or if we
Welcome back and Happy New Year to all. While it has been about two weeks, it seems like I just left for my Holiday vacation, so time continues to fly by. Prices
This will be our final mid-morning report for 2023. I will take off the remainder of the year and won’t return until January 2, 2024. I hope everyone has a wonderful Christmas
Prices are mixed to slightly down at the moment, but things could change as the day progresses. Prices are extremely overbought, so a correction of some kind should come soon, so be
The volume is very low this morning and prices are basically just moving sideways. Today is an FOMC announcement day, so things are likely to stay quiet going into that news announcement.
There was some early CPI news announced this morning that led to a sell off. However, prices found support and are now trending higher. There was a small gap on the chart
Today was rollover day, so make sure you rolled over to the March 2024 contract. So far things seem rather quiet and mixed, so not much movement for now. This could change