Pre-market Chart

Good morning traders!

Prices are forming a nice spike and channel structure right now. You can see how prices are trending higher. The bias is up, so we are looking for longs off the KEP and EMA.

Until the structure is not broken I will stick to looking for long trades. Today there is the important FOMC meeting. Watch out for that news event. The FED will announce the interest rate hike at 1pm CT.

Good trades to you!