Prices are ranging again so far this morning. At the moment, prices have just bounced off of the lows of the range and are moving higher as I am typing. Respect the range support and resistance until the chart shows us otherwise. We won’t know if prices can push higher until we see how prices react at the highs. Expect mixed trading at times no matter, but for now, I would call this a range day. The bias is up mildly at the moment, but that may only be due to the fact that prices are moving to the highs of the range, so do not get too bullish until we see if the range highs will hold or not.
