Tuesday, 07 May, 2019
This is an interesting price point for YM
This is an interesting price point for YM {97<GO>}
lets see if the longs going in get some resilience here or stops get triggered into London session.. been a good level on a few occasions.
the banks will start putting out pieces defending their cut calls and the statement is dovish etc, but as we have been putting out for the last 10 odd sessions, mkt was getting long YM vs everything, IR, IR reds, XM and IB’s
feels like the YM contract is going to be getting a clean out here before you can step in on the buyside
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