Commodities selling off on the Chinese lopckdown news. Chinese lockdowns lead to less demand for oil and other commodities.
Looks like money in rotating into the bond market over the weekend. This seems to be the only safe haven at the moment as gold and silver are falling. The US dollar is performing well in tandem with bonds which makes sense because you need US dollars to buy US bonds.
SpyderCall
OP
:
With this much overextension into the red on the 4 hour candles. We may very well see some green today on Monday. It seem almost impossible but I’ve seen crazier. The indicators are EXTREMELY OVERSOLD ON THE 4 HOUR CANDLES
SpyderCall OP : With this much overextension into the red on the 4 hour candles. We may very well see some green today on Monday. It seem almost impossible but I’ve seen crazier. The indicators are EXTREMELY OVERSOLD ON THE 4 HOUR CANDLES
48685 :
SpyderCall OP 48685 : I feel the same way. It looks scary. Especially since i wrote this. Its even worse
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