📢 $JCT futures weather report:
The temperature has risen 5.7% in the past 24 hours, but the warm air mass hasn’t grown. It’s probably just the cold air retreating (mostly short covering, with open interest down 18.21%). How long this warm-up can last depends on whether new money comes in to keep it going.
Your presenter (me) got my last forecast completely wrong, so take this one with a grain of salt.
The temperature has risen 5.7% in the past 24 hours, but the warm air mass hasn’t grown. It’s probably just the cold air retreating (mostly short covering, with open interest down 18.21%). How long this warm-up can last depends on whether new money comes in to keep it going.
Your presenter (me) got my last forecast completely wrong, so take this one with a grain of salt.