nice chart, Debono. That hammer bounced right off the 50% fib....

nice chart, Debono. That hammer bounced right off the 50% fib.

You can bet there was massive long liquidation by the speculators on that day as well (comex).

The commercials/bankers covered another 18,000 short contracts in this weekend's COT report, and that's before the plunge on Wednesday/Thursday.

There's no way we go below $1707 now, the 50% fib was the support and we go higher, imo.

Rowingboat