Technically, the market is a real roller coaster and the fireworks don't look like they are going to stop anytime soon. However, if anything, the last several sessions may have set up some extreme limits where we could trade short term. We're trading in a consolidation mode, which could last for the near sessions to come.
Currently we have a very bearish fundamental picture, and no big actions are coming from specs and the hedge funds which have been running the market. The upside may continue to run into trade scale up selling as the trade try to limit downside exposure.
marketing@alchempro.com
