Hey traders!

Prices were trending up sharply during the overnight. The uptrend broke and prices made a new high. Then, at the opening, we saw another test of that high but prices could not go higher than this. There was some strong resistance around the 4407 level. Prices formed the grey downtrend channel but that channel also played out already. This feels like a bigger range day today since prices now trend higher again.

Hope you had a good trading day.