Category: Mid Day Charts
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Today looks like a possible range day again so far. Prices rallied strongly off of the overnight lows, but found stiff resistance and sold off quickly again once reaching the overnight highs....
Early on this looked to be a possible range day, but there is a clear two-tiered channel working lower, and as of now, that channel is still in play. This could still...
The trend and bias are down for now, although prices have found some momentary support near the overnight lows. It is always possible that can hold, but in looking at the daily...
Prices are testing the 4490.00 price level again, and the trend and bias are down for now. We will have to wait and see if this price level will hold or now....
Update: I thought I would add an updated daily chart using the Envelope bands with the targets added as well. Another trader made note of the 2nd entry short that had formed,...
Today has the look and feel of a range day so far. There has a slight upwards bias up to this point, but that could be changing as I am typing this...
The trend has been down all through the overnight session and into the regular session this morning. There is a large two tiered channel working lower and as of now, it is...
The trend and bias are down, although prices have now closed outside of the large trend channel that is working lower, leading to a small rally. There has been no retest of...
Prices trended higher during the overnight and into the regular trading session only to turn lower now. The turn down was likely in an effort to fill the small gap that was...
So far this looks to be a possible range day, although we are not getting much of a bounce off of the lows of the range. Prices have just gone into a...