Prices opened lower during the overnight session leaving an overhead gap on the chart this morning at the 8:30 AM CST regular session opening. Prices appear to be working higher in an attempt to fill that gap and are close, but not yet there. The target to fill the gap is at 7164.25. We will
The rally continues and prices are now into all-time new high territory. Prices might be working on a second measured leg up this morning, and if so, that target is up around the 7190.00 area. This has been a crazy rally, and just when you think it can’t go any higher, it shoots up yet
It appears that the range highs on the daily chart are going to hold for now. Prices may take another run at it before the day is over, but as of now, prices appear to be correcting and trending lower. The market is severely overbought, so a correction is needed, even if prices are eventually
Prices are continuing to push higher to what I think is intent to retest the former range highs on the daily chart. Should prices go higher from there, then they are in all-time new territory, so we will just have to see where the next target might land. Note that prices are very overbought, so
The rally continues again today. This thing went from so oversold to suddenly very overbought. My guess is that the upside target may be the range resistance on the daily chart. With prices so overbought, we might get a correction first, but that appears to be our next target to the upside. After that, we
Prices gapped open during the overnight session, leaving a large overhead gap on this morning’s chart at the 8:30 AM CST opening. Prices then proceeded to rally in an attempt to fill that gap. Prices are close to filling the gap at this point and that target is up at 6863.75. The gap down at
While prices are higher, they appear to be in a range for now. We will have to wait and see if prices can push through the overnight highs or if they will turn lower again. While this could end up as a tight range, we could see prices trend in either direction before the day
Prices look to maybe be in a range so far this morning. Prices are choppy and trading inside the overnight highs and lows, so we are certainly in a range at the moment. That does not mean that prices will not trend in one direction or the other before the day is over, so stay
Prices rallied during the overnight session but have started trending lower since just after the regular session opening. There is a large gap on the chart, and if prices attempt to fill that gap, that target would be down at 6663.50. Note that prices are very oversold, so a correction is likely, but be ready
The trend and bias are down so far this morning. Prices found resistance at the former support line on the daily chart and have turn down from there. No real surprise with that, but that does not mean prices will not attempt another push through that support/resistance line over the next few trading days. Likewise,