After two days of capping price via contract issuance and naked shorting, The Banks rang the register today by rigging price lower again from the top of the current range. As such, this fifth attempt at a breakout has failed for the time being. Who knows? Perhaps the sixth attempt will fail, too.
What we do know, however, is that the price of CDG will soon break out and head toward $2650-2700. The Banks will be forced to fall back and defend those levels as they come up. For now, though, the fight at $2520 continues.
For today, a general discussion of what to expect...
