Good Evening,
Chaos ruled today, with meetings and bumping into an EMC reader, allegedly there is one out there, in addition to Leggie!! The FT jumped with, Traders left adrift as oil storage trade loses its lustre, with options expiring 20 March (quadruple witching) quarterly expiration (Freaky Friday) all coming, expect some volatility on the back of these equity rallies.
Comments section proving worthwhile for some thoughts, as traders drop stock/supplies back to market, even allowing for seasonal changes the market is going to get twitchy with the likely build in inventories/supplies. Without the fast-forward button applied to strategic storage its going to prove very difficult to add further for Chinese reserves. Li and myself having just recently spent significant time going over reserves. The summary being in the absence of improving demand global, the supply has to give.
In omnia paratus,
Atb Fraser
