With a U.S. Holiday and most tradings desks being closed tomorrow - expect low liquidity.
Also - Be cautious of news like the attached, it is quite misleading. Sure if you count this year and last year, then it is "multi-year", but it sounds a lot more....
We are FAR from breaking 2017 lows.
Do you think this kind of release meant to get trend followers on board for a ride south?
I don't use this type of info as a trading signal but I do stay cognizant of it.
Also - Be cautious of news like the attached, it is quite misleading. Sure if you count this year and last year, then it is "multi-year", but it sounds a lot more....
We are FAR from breaking 2017 lows.
Do you think this kind of release meant to get trend followers on board for a ride south?
I don't use this type of info as a trading signal but I do stay cognizant of it.