the traders did some part in taking out 2.5, and perhaps wearing a loss on the day.
That gives a gift to accumulators at 2.2, and thins out the overhead supply at 2.5, perhaps making the run to 3c a little clearer.
Would assume any longs who bought 2.5 would not be too fussed, as we get back toward our march north, as 2020 unfolds.
Interesting, page-498
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