In the futures overview this morning, Gail reviews the higher time frame technical analysis patterns that are setting up. The weekly is oversold on the Stochastics and it has started to descend. The daily is now testing the moving averages and the 6 hour chart shows that price has flipped the ATR from blue to red and is currently testing for resistance
These tests for either support or resistance will be very important for later today and next week. If price fails to find resistance, then price could continue to move up. However, if price does find resistance, then we could see the futures moving down.
Futures Overview for Today and Next Week
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