Loading ...Looks like some dip buyers overseas. I guess yesterday could’ve just been a re-test of the recent lows of Feb. 5th.
Course, that’s if we actually hold all night and into tomorrow.
Maybe we’re trying to find a bottom in here.
I agree with deer79 and treefrog, the bull case is still intact. Hard to see supply issues being resolved overnight. These moves definitely aren’t for the faint of heart though, and I suppose they’ll get more violent as things progress.
All eyes are on the March deliveries here in the US market. I think Feb. 27th is first notice, so we can probably expect a lot of shenanigans over the next week and a half.