This makes a little more sense. Commercials lessened their shorts and are now only a little bit net short. So a pullback in to net longs and then lessening those would be a sign of a reversal. Either way it is really not an extreme value so for now I'm not gleaning too much from this info. You do see a small drop in open interest indicating commercials may be lessening their shorts and a price climb would result.
Fiber
Fiber continues to make much more sense. Commercials increased their longs to an extreme value. When they start lessening their longs it will be a good sign we have hit the low. Open interest remains high.
No comments:
Post a Comment