Middling Wednesday

Wed, Apr 15, 2020 - 10:54am

Since the onset of QE∞, this has been the weekly pattern: Monday generally higher, Premium Contraction Tuesday, Middling Wednesday and then UP Thursday and Friday. This pattern has continued early this week, will it continue late?

In terms of just the dollar price, it lays out like this:

Mondays: +$128.9

Tuesdays: +$43.9 (Skewed by March 24)

Wednesdays: -$49.4 (Damage done late Tuesday and in London. Comex flat.)

Thursdays: +$132.6

Fridays: +$2.2 (only 2 thus far)

On the chart, it looks like this:...

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