Seriously…
For the 10th day of the last 11, the minutes before the NYMEX close (1430ET) have seen a remarkable sudden panic-buying spree…
We note yesterday was exciting as crude crashed right as NYMEX closed… are the pattern-fitting algos starting to recognize their own self-reinforcing patterns and front-running each other?
As always – buying is easy, it’s when to sell that’s hard.
Trade accordingly.
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