Top 5 contracts by 24-hour decline:
$AKE -22.52%; $IDOL -18.14%; $EVAA -11.34%; VVV -10.18%; GWEI -10.00%
Brief commentary: The steep declines among the biggest losers likely reflect a concentration of negative news being priced in. Wait for signs of stabilization before buying the dip. The biggest losers list often sees technical rebounds, but a rebound does not mean the market has bottomed.
$AKE -22.52%; $IDOL -18.14%; $EVAA -11.34%; VVV -10.18%; GWEI -10.00%
Brief commentary: The steep declines among the biggest losers likely reflect a concentration of negative news being priced in. Wait for signs of stabilization before buying the dip. The biggest losers list often sees technical rebounds, but a rebound does not mean the market has bottomed.