Yes, supply is meeting demand. That's roughly consistent with the (all in all relatively modest) 7.4% price move in us futures, some of which was retraced. If t

Yes, supply is meeting demand. That's roughly consistent with the (all in all relatively modest) 7.4% price move in us futures, some of which was retraced. If this had happened with less reserve in the system, that price move would've been much higher (and from a much higher base).