Category: Mid Day Charts
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There has been no follow through buying today and in fact, we are seeing just the opposite with prices selling off instead. At the moment, the trend and bias are both clearly...
Prices sold off strongly after the building permits missed estimates this morning. However, they have now found a bottom and taken back the sell off. These strong news moves are often erased...
Early on it looked as if this might be a range day, but prices are rallying as I am typing, so we will have to see if they continue higher or if...
The market remains quiet this morning so far, and the volatility is much lower. There are no news items today to spark any big moves, but the volatility can always change as...
Prices rallied during the overnight leaving a large gap on the chart. Prices turned down almost immediately at the open, most likely in an attempt to fill the lower gap. The overnight...
It looked as if prices would trade lower again this morning, but after testing the lows of yesterday, prices turned and rallied higher. For now, the trend and bias are both up....
UPDATE: The market dropped quickly just after I posted my chart, so for now, it does appear that the trend and bias are both down. Below is an updated look at my...
Prices are rallying this morning and moving to new all-time contract highs once again. I see a spike and channel up, but there is now a break of the channel and a...
Prices are rallying to new contract highs again this morning. As I have stated many times lately, I do not believe that they will allow this market sell off prior to the...
Thus far, this appears to be a range day. There is a small overhead gap on the chart that prices may be attempting to fill, but prices are struggling to get there...