After another push lower back to the long-term trend line during the overnight session, prices are now rallying strongly. It looks as if we have a spike and channel working higher as of now, so stay with the uptrend until the chart shows us otherwise. I hope everyone has a great weekend and I will […]
Prices are mostly sideways again this morning. The bias is mildly up to sideways at the moment, but that could change back and forth, much like it has the last few trading days, so stay flexible and understand that the price action could be mixed with some strong moves in either direction before the day
Prices are rallying again this morning but are finding resistance at the EMA on the daily chart. If prices can push on through that resistance, I would expect the rally to continue, but we need to see prices get through that resistance area first. For now, the trend and bias are both up, but that
It has been another wild day today. Prices bounced right off of the upward trendline again and are now rallying higher as well. It looks as if we possibly just made a higher low off of the major long-term trendline on the daily chart. Stay with the uptrend as long as it remains in play,
There was a huge sell off on Friday, but if we look at the daily chart, you can see that prices found support at the low of the long-term channel and the low of the envelope bands as well, so prices bounced exactly where our tools predicted they should turn up. It was just a
Prices look mixed and sideways so far this morning. There is a gap on the chart that needs to be filled, so prices may attempt to trade lower and fill that gap before doing anything different. That target is down at 6779.75. Prices could still trend in either direction before the day is over, so
After pushing to another all-time high again early in the overnight session, prices are now backing off and are trending lower. Watch for prices to make a measured move based on the width of the overnight range. If and when prices make that move, how they react from there will tell the tale if we
So far, prices are rallying again this morning. There is no gap that needs to be filled, and the trend and bias are both up for now. Stay with the uptrend until the chart shows us otherwise.
Prices rallied to new contract highs during the overnight session, leaving a small gap on the chart. Prices are currently trending downward and have already filled that gap, so we will need to see how prices react from here. If they turn higher again now, we could see more upward trending price action today. No
Prices are mixed and sideways this morning. There is a gap on the chart that prices may be trying to fill, and if they are successful, that target is down at 6763.00. Things could change at any point, especially if the gap is filled, so do not get lulled to sleep by the range and