No Rest For The Weary

Fri, Feb 26, 2021 - 10:45am

All week, we've speculated that a washout low could be timed for the final February London PM Fix. Why is this? Because so often The Banks attempt to rig price as low as possible for all of the option expirations and "marks to market" that are based off of this number. And here we are.

I'm surprised that they were able to hit it this hard...but then again, I guess I'm not. Sentiment is so terrible that it's pretty easy for one side of the trade to take over, and it has. So here's your chart for today. Note the absolute puke job to a low of just $1739 that came right at the 9:00...

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Key Economic Events Week of 4/19

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