evening wrap
market vibes
November 7… )
in a rush this afternoon.
Two-day ATR in gold leapt 4-fold in the last two days on high volume and declining OI.
ATR in silver doubled to $1.60 on high volume yesterday that moderated today also on declining volume. Both these markets share technical indications of panic selling and a void of selling today. Both gold and silver fell to their major POCs at mid-day yesterday and despite a very small excess in gold overnight rejected those levels today.
In long bonds a rally pushed ATR to the highest since August 5 and OI continued to rise indicating the long are strong buyers but the downtrend is solidly in force.
In other markets
