Prices opened lower this morning but are trending higher as I am typing up this report. There was an overhead gap, but that has been filled, and prices appear to still be in an uptrend. Looking at the daily chart, prices appear to have turned up right off of the upsloping trendline, so the longer term up trend still appears to be in play.
For now, I would say the trend and bias are both up this morning. Stay with the uptrend as long as the current day’s trend channel remains in play. Things could change at some point during the day, but for now, the trend and bias still appear to be up.
