Prices continue to trend lower this morning, although they are finding at least momentary support at the overnight lows. We will need to wait and see if those lows create a low for the day, or if price will work through that price level and continue lower. For now, the trend and bias are both […]
Prices have been trending lower since just after the regular session opening at 8:30 AM CST. There was a lower gap on the chart, but prices have filled that gap now and have maybe even found a bottom, even if only a temporary bottom. Expect mixed trading at times and watch for a new trend
Prices are trending lower and have taken back most of the rally from Thursday. Note that there is a large overhead gap on the chart. Prices may attempt to fill that gap at some point, so we could see mixed trading or even a reversal at some point. No matter how the day plays out
Prices are still trading inside the overnight highs and lows, so this could end up as another range day in the end, although it will be a rather large range. Prices are currently trending higher and likely attempting to fill the overhead gap on the chart and maybe complete a measured move up. Those two
Prices are mostly sideways this morning and are likely to stay range bound until after the rate announcement at 1 PM CST today. Be sure you are flat before 1 PM CST and do not take any new trades after 12 Noon CST today. You want to be flat going into the 1 PM announcement,
While the trend and bias are up at the moment, this looks as if it could be a range day in the end. Prices could push higher, but until they prove that they can indeed continue to trend higher, respect the highs of the range. For now, I would treat this as a range with
Prices are trending lower so far this morning but may be finding support as I am typing this up. There is currently a close outside of the main trendline and a new low in place, although it is not a super convincing close outside. It could be enough to end the trend all the same,
Prices pushed on through the long term trendline on the daily chart this morning and they are trending higher as I am typing this up. There is a large gap on the chart, so prices could attempt to fill that gap at some point, and if so, that target is down at 6865.75. For now,
It looks like more of the same so far this morning. Prices sold off just after the regular session opening in an attempt to fill the lower gap on the chart. However, prices continued to trend even further down this morning until they found support around the 6844.00 price level. As of now, the trend
Prices look similar to yesterday’s action so far. After an overnight sell off, prices are now in a mild rally. The overhead gap has been filled already, and prices continue to try and push higher. I would call the bias mixed to mildly up for now. It looks like more consolidation on the daily chart