Update @ 9:55 AM CST: I updated the yellow channel, as the original one was a bit too flat. A couple of items before I address the chart. First, the news indicator...
The market is rather quiet and subdued feeling so far this morning. Prices are trending down at the moment, but there is support around 3927.00, so we need to respect that price...
Note that I have rolled to the June contract as of this morning. The volume has not rolled over to the new contract, so if you have not yet rolled over, I...
Prices traded up into a tight range through the overnight session, but they broke higher shortly after the regular session opening. I would expect a possible measured move higher, and there would...
The market looked as if it was going to be a repeat of yesterday with another strong trend up, but that trend suddenly reversed around the 3900.00 price level and prices are...
The trend and bias are both up this morning. I see a larger two tiered channel working higher, but there are other more micro trends going on within that larger trend. For...
The trend and bias are up this morning. I see a two-tiered channel working higher at this point. Prices are pushing ever higher as I am typing this, so the trend still...
It looks to be another volatile day again today. Prices are currently trending lower, most likely pushing for a measured leg down, and that target is down around 3740.00. This could end...
The big picture looks range like again this morning. Prices have traded all the way down to 3800.00 again, so that could lead to a bounce back to 3900.00 yet again. For...
I had a typo in yesterday’s chart date, so hopefully I didn’t confuse too many of you. My mistake, and I just wanted to clarify it in case some of you missed...