EU:
To me it looks like the market is starting off bullish. FO torpedoed price towards lower whole number. The lower they got it the more they traded it. So, would those trades that increase in quantity be buys or sells (easy to figure out that one!). Once they had the price at lower whole number, both Frankfurt and London outfits clearly took advantage of the price area to load up. Do you think they loaded up longs or shorts? Hope nobody has trouble figuring that out. Of course, we still have the US open to contend with, and those outfits might also want low prices, so all this does not mean that the price cannot be torpedoed further down. But it does suggest the market is loading up for a bull move. Ok, I agree this is speculative. We will see what happens. In any case, we "...let the dragon and PA show the way."
To me it looks like the market is starting off bullish. FO torpedoed price towards lower whole number. The lower they got it the more they traded it. So, would those trades that increase in quantity be buys or sells (easy to figure out that one!). Once they had the price at lower whole number, both Frankfurt and London outfits clearly took advantage of the price area to load up. Do you think they loaded up longs or shorts? Hope nobody has trouble figuring that out. Of course, we still have the US open to contend with, and those outfits might also want low prices, so all this does not mean that the price cannot be torpedoed further down. But it does suggest the market is loading up for a bull move. Ok, I agree this is speculative. We will see what happens. In any case, we "...let the dragon and PA show the way."