After a couple of months of less than normal manipulation, February has been an exercise in just how far TPTB can/will go in propping up prices. The chief culprit has been CL, which came within a few pennies of our ridiculous upside target Friday.
It ramped again off its overnight lows (+3.7% in 5 hours) allowing ES to turn yesterday’s 20-pt loss into a 2.50 point gain this morning.
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