After making another new contract high, prices have turned lower and are in a rather steep sell off. Prices have already pushed further than a measured move on the second leg down, so we could see prices find some support, even if only momentarily. As of now, the trend and bias are both down strongly, […]
Prices are higher again this morning, but they are also working sideways as I am typing this up. So far, this has been a range type day, but that could change at any time. I would not be surprised if prices are not putting in new highs soon, but never trade what you think, go
Prices are mixed this morning, and any gaps on the chart have been filled. There is a mild upward bias due to the overnight rally, but that might be fading away now. Expect mixed trading until the market decides which way it will go, and that could be in either direction, or even sideways at
Prices are mostly sideways and mixed as I am typing, but there is a bearish overtone to the market this morning overall, so do not lose sight of that fact. We could see prices rally some from here, as there is a large overhead gap on the chart. Should prices start trending higher in an
The trend and bias are down this morning. It appears that the break above 6500 could not hold, so prices are heading lower as I am typing this up. That could change as the day progresses, but for now, the trend and bias are down. There is an overhead gap on the chart, so if
Thus far today, it appears that we are in another early range with prices mostly working sideways. Respect the overnight highs and lows until the price action proves out that those prices are no longer holding. Until you get a solid proven trend, expect mixed prices and sudden moves in either direction. There is strong
Prices are currently testing the highs on the daily chart (approximately 6500.00 price level), and there has been strong resistance at this price level for a while now, so we will have to wait and see if prices can push higher this time, or if the resistance will hold and turn prices down again. Respect
Prices are mixed to mildly up this morning. There was a small gap on the chart at the 8:30 AM CST regular session opening, so prices were likely attempting to fill that gap, and prices could turn down from there. Expect mixed trading at times no matter how the day plays out. Unless the overnight
Prices are mixed and mostly sideways this morning. The volume is a bit low at the moment as well. Maybe prices will break out and move at some point but be careful not to get chopped up when prices are in a tight range like this. Forget about second entries in a tight range and
Prices are rallying strongly this morning. Not sure if Powell said something the markets liked or not, but the rally zoomed higher just at 9 AM CST when he was scheduled to speak. The market will usually take back a news move like that within the hour, so do not be surprised if prices turn