Prices are range bound so far this morning. We just had a failed break lower just as I am putting this together this morning, so the range may continue. The volume and volatility are down considerably as well, so things feel like they might be stabilizing a bit for the moment. That does not mean that the market cannot and will not crank up again at any moment, but for now, things feel a bit more relaxed with the price action.
Prices appear to be mildly bearish for the moment but stay with the range until the price action shows us otherwise. We should know shortly if the range lows will hold or if prices are going to push lower today.
