These are mid day charts for premium members to compare what they see to what Mack is seeing.
Prices rallied during the overnight session and early into the regular session opening period but left a large gap on the chart in doing so. Prices appeared to be making an attempt to fill that gap but bounced early and are now trending higher. The target to fill the gap is down at 7397.25 should…...
I am having the same problem with my charts again this morning. Right around 8:45 – 9:00 AM, it started printing this large bar. I have closed my charts and re-opened them several times and reloaded the data and the large bar persists for now. Is anyone else encountering this issue? If so, please post…...
I am a few minutes late in posting this, as we had a crazy move on the charts right at 9:30 AM CST, so I wanted to see how that worked out before posting my chart. I assume it was from the natural gas storage report. There was a huge surplus over what was forecasted,…...
Prices are mixed and ranging so far this morning. That could change as the day progresses, but for now, I would call this a range. Note that the range is wide enough to get trends within it, so you can use trend rules as prices move from side to side of the range. Wait on…...
While prices are rallying higher as I am typing this up, this feels more like a range type day. It is possible prices have found a bottom, but until that is proven out on the chart, I am going to say this will likely end as a range day. There is a large overhead gap…...
Prices trended higher during the overnight session and into the regular session this morning but have turned down now. There was a gap on the chart at the regular session opening, but prices have traded lower and filled that gap now. Prices are now trending lower in a steep spike and channel. This could end…...
Prices are ranging again so far this morning. At the moment, prices have just bounced off of the lows of the range and are moving higher as I am typing. Respect the range support and resistance until the chart shows us otherwise. We won’t know if prices can push higher until we see how prices…...
Prices are in a small range at the moment with light volume. Note that there will be an FOMC announcement at 1 PM CST today, so be flat before that news and do not take any new trades after 12 Noon CST. After Noon, I would wait until after the news is released and prices…...
The volume remains a bit low again this morning, and prices are mostly sideways. Prices have been mixed and sideways throughout this trading session, and they are testing the overnight lows as I am typing this up. If those lows hold and prices turn up again, expect the range to hold for a bit unless…...
Prices are rallying this morning on lower oil prices and hopeful news that a peace deal will finally happen. The belief is that the Strait of Hormuz will finally open for real this time, and if so, wall street thinks the markets will rally strongly. We will have to wait and see what happens, but…...