Category: Mid Day Charts
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Today looks to be range like so far and prices are testing the overnight lows as I am typing this up. How prices react from here will be telling, so be careful...
So far this morning the trend and bias are down. There is a large blue two tiered channel that is working lower. I’m looking for a possible measured move down, but prices...
Today looks to a be a range day at this point in time. For the past hour, prices have been in the tighter yellow range, but have now broken higher. The larger...
The volatility is back this morning. Prices dropped almost 100 points from yesterday’s highs in less than 24 hours. There is a large gap on the daily chart as well, so prices...
Prices have been in a weak uptrend since the early morning hours of the overnight session. The yellow channel appears to be reacting to the blue range area for now, so treat...
Prices traded up during the overnight session, but have gone flat since the regular session opening at 8:30 AM CST. It looks as if prices pulled back long enough to fill the...
We continue to get hammered with more winter storms across the Southern US states, although I did make it in to the office this morning. We got several more inches of snow...
Prices have now filled the gap that was left on the daily chart from Monday. While prices have bounced off of the lows of the day, they are finding resistance again around...
Update @ 1040 AM CST: After a bit more price action, it now appears that there is another channel that I did not see earlier. I am adding chart that along with...
There is no trading today due to the President’s day holiday. That means no mid day chart or afternoon chart lesson on YouTube. We will start back with our regular schedule tomorrow...