Mid Day Charts

Mack's Details on Today's Report.

Today is rollover day, so it is time to roll to the December 2026 contract. I normally do not roll first thing in the morning but will wait until the volume actually rolls over as well. Looking at this morning’s chart, there is not much difference in the volume, so I don’t think it matters…...

So far this morning, we are seeing a reverse repeat of the past few previous trading days. This time prices rallied during the overnight session, only to go sideways now. There is a gap up on the chart today, so prices could turn lower in an attempt to fill that gap at some point. That…...

Prices sold off hard during the overnight session once again and have now mostly turned sideways. There is another large gap on the chart and that target is up at 7648.00. I would expect the same type day that we have been seeing lately. We could see prices attempt to fill the gap, go sideways…...

Prices traded down during the overnight session, opening lower at the 8:30 AM CST regular session opening. That left an overhead gap on the charts that prices may attempt to fill. That target is up at 7678.25 should prices start trending upward. For now, prices appear to be stuck in a very tight sideways range…....

The downtrend continues so far this morning. It is a choppy downtrend as well, but that is to be expected and has been the standard expectation for a while now. Prices could continue to remain choppy and may even work sideways for most of the day. There is a mild downward bias for now though,…...

The bias is down to mixed thus far this morning. There is no unfilled gap this morning either, so prices turning higher to fill any gap is not in the equation. That does not mean prices cannot turn higher, it just means it will not turn higher in an effor to fill any gaps as…...

Prices are still moving higher again this morning. If prices continue higher from the low made around 9:00 AM CST, look for a possible measured leg up from that point.  Prices could easily continue lower though, as there is a large gap on the chart. If prices attempt to fill the gap, that target is…...

The trend and bias are up so far this morning. What looked to be another range day has seen prices break out to the upside and continue to move higher. If prices are to make a measured move up, that target is up around 7680.00. All gaps on today’s chart have been filled already, so…...

Once again, today looks like more of the same. Prices trend up or down during the overnight session, then go flat or sideways when the regular trading session opens at 8:30 AM CST.  After that, it is usually mixed trading with some short-term trends mixed in as well.  Today looks to be much the same…...