Hey traders!

Prices were trending strongly during the overnight price action. See the spike and channel working higher. Just right after the opening bell prices dropped and formed the downtrend. Now we see prices staying within the range and overnight highs and lows. What looked bullish before turned into a range day. There were some short-trade possibilities if you found the downtrend and waited for prices to pullback to the EMA and KEP.

Hope you had a good trading day.