Prices trended higher during the overnight session and into the regular session this morning but have turned down now. There was a gap on the chart at the regular session opening, but prices have traded lower and filled that gap now. Prices are now trending lower in a steep spike and channel.
This could end up as a range day, but as of now, prices are trending downward. Stay with the trend until prices show us otherwise but respect the overnight lows until we know how prices will play out at those levels. For now, the trend and bias are down.
