Sep 222015
Another light news-flow day with the European session pushing downward during Globex. Bearishness continues for European automakers as VW continues to move down and the DOJ widens their emissions probe to include Audi & Porche. US Coal futures have dropped below $50 which is weighing on material companies. No solid global economic news has driven the Globex selloff, thus I expect some sort of rebound today. Volatility has been shrinking, but today’s low frame has already been reached. Size bias is down into the US session.
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