Hello Traders!
Hope this paints a great picture of discount vs premium
Tuesday is below Sunday's Opening Price and Midnight Opening Price.
Commercials are more likely to buy.
Wednesday is above Sunday's Opening Price and Midnight Opening Price.
Commercials are more likely to sell.
Hello Traders!
This is how I view the market.
If price is bullish we will see Tuesday or Wednesday make the low of the week.
Monday was a small range day which is not surprising giving all the excitement from the CPI last week.