Mack’s Mid-Morning Price Action Chart 10-09-2023
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Prices gapped down at the open last night with the news coming out of the middle east. As you would normally expect, prices are now attempting to fill that gap. For now, the trend and bias are up as prices work to fill the large gap.
Things could go either way after that gap is filled, but if the saber rattling does not settle down quickly and come to a halt in the middle east, we could see prices turn down again. These are precarious times with the economy and now war drums beating around the world. Trade wisely and be nimble.
