These are mid day charts for premium members to compare what they see to what Mack is seeing.
Prices are rallying again this morning, and it looks like they are attempting a second leg up at the moment. A measured move up would give us a target around the 7620.00 area. I would use that as a first possible target as long as prices keep trending higher. That does not mean prices cannot…...
At the moment, prices are down and somewhat mixed. How the current support plays out will likely tell us more about how the day will go overall. We could see a measured move down if the support gives way, so keep that in mind. If the support holds, prices will start probing to the upside…...
Prices rallied strongly at the regular session opening this morning, only to quickly sell off after reaching new highs again. Most of that move up was just erased moments ago, so we will see if prices reset and work higher again, or if they will do something different. The volume appears thinner again so far…...
Prices left an overhead gap on the chart at the regular session opening this morning, but that gap was filled quickly when the new home sales report was released at 9 AM CST. Normally that report is rather docile, but this morning it sent prices quickly higher. It will be interesting to see if prices…...
Prices are mildly down and mixed, although this could end up as another sideways range type day in the end. At the moment, there is still a mild downward bias with some mixed trading as well, but if this is to be a range day, prices could reverse and trend higher at some point. Stay…...
Prices are mixed to mildly up so far this morning. This may just end up as a range day, so think accordingly until prices show us otherwise. The volume is a bit low at the moment, but that is not unusual coming off a holiday weekend, so things could pick up at some point, particularly…...
Prices traded up early but have turned down off the highs that occurred just after the 8:30 AM CST regular session opening. This could be another range day in the end, but prices could trend in either direction as well. Just respect the current highs and lows of the day until prices prove if they…...
Prices are trading lower this morning but are mostly mixed so far. There is strong support down around 7413.00, but if that gives way, we might see prices trend further to the downside. For now, I would call this a range day. Watch the support level around 7413.00, as it will probably dictate how this…...