We noted yesterday the wall of spoofs and other orders at $2700 Feb25 CDG. That wall continue to hold and cap price overnight. However and somewhat amazingly, the wall failed on Comex and now CDG is back trading above $2700 for the first time since the beatdown of Monday, November 25.
And don't take this move lightly. Recall that sentiment two weeks ago was quite poor and the idea of getting back above $2700 this quickly seemed unlikely. But here we are!...
