Pre-market Chart

Good morning traders!

Prices dropped lower during the night. The downtrend seemed to be played out. We can see some support forming up at the 3851 level. If this support holds we could see a little reversal up to where we finished Friday.

The bias is neutral for now. You can see how prices are moving within the range. Find the short-term trend channels to be on the right side of the trade and always respect the range extremes as prices could have trouble breaking through them in the first push.

Good trades to you!