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 resistance gives way to a new upward trend, this could be a range day or even a down day in the end.
Watch how prices react and play out near the overnight highs to get a better idea of how the day may turn out overall. Respect that resistance area until prices prove they can push higher. For now, I’m calling this a mixed to mildly up day.
