Volume Pattern in Euro Supports Bear Case 3-3-09
March 3rd, 2009
In the chart below we see the front month Euro futures contract, with volume. On Monday we had very high volume which would support the bear case, and the contract continues to show higher volume on the down days. Keep in mind the last volume bar is not updated as the candle is still trading. Current volume and the immediate trend being down on the Monthly, Weekly and Daily charts points to a penetration of the 3 year low posted in Oct.
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