Trading Tuesday as the bulls are trying to stop the bleeding in a down-trending market that Monday hit a 2.5-month low.
A brief “flash crashâ occurred in European stock markets Monday, reportedly on an erroneous trade entered by a Citigroup in Sweden.
In other overnight news, the Euro zone producer price index for March was up 5.3% from February and up 36.8%, year-on-year.
Federal Reserve Open Market Committee meeting that begins Tuesday morning and ends Wednesday afternoon with a statement.
The key outside markets today sees Nymex crude oil futures prices lower and trading around $103.75 a barrel.
Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,900.00.
Silver bulls’ next upside price objective is closing prices above solid technical resistance at $24.00 an ounce.