Pre-market Chart

Good morning traders.

Prices are moving between overnight highs and lows this morning. This looks very much like a range character today. Just now I located a smaller downtrend (in blue) working lower. This trend is in tact and prices just broke it for the first time so we could see a retest of the lows.

The bias is neutral to down. See the reaction of prices at the overnight lows and if we can break through it.

Good trades to you!