Thievish Thursday

Thu, Jul 15, 2021 - 10:48am

I'm getting a bit of a late start this morning as I've been searching for something to write about. As it turns out, the search was in vain as there's nothing PM-noteworthy...yet.

Oh, of course, we got another smash-and-grab during the London session that drove the price of CDG down and away from $1835 and the resistance that is just above there. Notice below that the POSX began to turn up at 3:30 but it wasn't until 5:00 that the bottom suddenly dropped out on CDG. And there was nothing else going on at the time, news, headlines or bond market action....

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