Post-open Review… Home, home in the narrow range.

Breakout attempt fails.

The narrow 2701.00-2709.00 overnight range persisted through the open, which was unchanged at Friday’s 2704.50 close. A couple of probes lower down to 2699.50 and 2697.00 each recovered back to or through unchanged. Ultimately, the 2698.75 bias-down signal held its test as support through 10:15 to trigger no-bias, putting into play an offsetting test of the 2710.25 bias-up signal.

So, straight up from here? Not necessarily. Unchanged at 2704.50 is natural resistance, and has yet to attract reinforcements above its tests. Back under 2699.50 (being pierced now) could trigger a retest of Friday’s 2695.50 low, which would probably include 2694.00. Back above 2703.00 and 2707.00 would confirm that the bias-up signal’s test is underway.