Prices Tamped Back Down

Wed, Aug 25, 2021 - 11:00am

An overnight rally in the POSX was all it took for prices to be "tamped" back down today. Additionally, a clear effort to get CDG below $1790 into the PM Fux has served to set a lousy tone for the day. But it is what it is and none of it is relevant to the action pending for Friday.

In the end, it's just something to write about. The move to tamp back CDG began last evening with a sudden $8 drop not long after the Asia open. What follwed was some sideways action through the London session and into the early Comex. However, as the PM Fux neared, the sell volume picked up and price...

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