Prices are mixed and this could end up as another range day. If this turns out to be a range day, the bias could flip back and forth during the day. For now, I would treat this as a range and be very picky about entering in the tight mixed trading ranges. It is easy […]
While prices have backed off of their highs, they are making new contract highs again this morning. As suspected, the bounce off of the mid-line on the daily chart has sent prices higher this morning. This could still end up as a range type day in the end, and we will probably get more mixed
While we are getting some follow through selling this morning, so far it looks to be a range type day. My guess is that we will see a lot of mixed trading going into the 1 PM CST FOMC announcement. Make sure you are flat an hour prior to that announcement, as it could get
While prices are in a downtrend, they still opened higher this morning leaving a gap on the chart. Prices have already filled that gap (Target = 6674.25) and there is a break of the downtrend channel as I am typing this up. While the daily chart appears to be forming a reversal type bar at
Prices are rallying again this morning. There appears to be a break of the current trend working up, and there is a new high in place as I am typing this up as well. However, there could be a secondary flatter bull trend forming, but we need a bit more price action to know. Just
So far this appears to be a range type day. Prices are trying to go higher at the moment, but with this being a Friday following some nice gains this week, we could see some profit taking before going into the weekend. Just expect some mixed trading at times no matter how the day plays
Prices are rallying to new highs again today. A measured move up based on the range gives us a target of 6580.75 if prices are going to make that move. There is also a lower gap on the chart, so prices may turn lower at some point in an attempt to fill that gap. That
The market is breaking to new contract highs again today. Prices are mixed at times, but the overall bias remains up for now. That could change as the day progresses, as we are back up in uncharted price territory again, so just be careful getting long near the highs of the day. You do not
So far things are mixed this morning with a downward bias. Prices just broke lower below the overnight lows as I am typing this up, so we will have to wait and see if that breakout will permanently fail and prices go higher again or at least back into the range again, or if they
Prices rallied during the overnight session but have been mostly sideways since then. The bias is up mildly to mostly mixed and sideways. There is a gap that needs to be filled on the chart as well, and that target is down at 6488.75. If prices start trending lower, that would be a likely first