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This has the look and feel of a range day so far. Prices have met stiff resistance around 4365.00, which happens to be the top of the range on the daily chart.
The reversal followed through this morning and prices are trending higher. Prices pushed through both the mid-line and the EMA on the daily chart and did so strongly. We might still be
The trend and bias are up this morning, and prices may be attempting a measured move higher. If the cyan channel is valid, it would seem a bit difficult to reach a
So far today has the look and feel of a range type day. The daily chart also hints of prices still stuck in a sideways range as well. If the usual pattern
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
Rollover to the June contract starts today, but do not roll today. Normally the volume will not roll until Friday, and rarely, it might even be on Monday’s, so we will not
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