Market Prep

Price is trading just below the prior settlement of 29506, with the overnight range compressed between 29434.75 and 29522.5 inside the broader prior day span of 29273.5 to 29538.25. If buyers reclaim and hold above the 29506 settlement and press through the overnight high at 29522.5, watch for a test toward the prior day high at 29538.25; conversely, acceptance below the overnight low at 29434.75 opens room back toward the prior day low at 29273.5. The 10:00 AM ISM Manufacturing PMI is the key catalyst — expect potential expansion of the current range around that release, and note how price behaves at these edges rather than anticipating direction into it. The weekly boundaries at 29811.5 and 29096 frame the larger structure if either extreme of the daily range gives way. Educational outlook, not financial advice.