I understand the COTs could go lower but if we are in some sort
of bottoming phase is it normal for short interest to be at the
highest levels since 2006 and for open interest in futures to be
rising, not falling?
yep you definitely make good points, and again most likely shows
that this this sector has more pain left to it . Again that's
why you need a technical trigger on the chart, a falling wedge,
divergence, etc, one cannot simply buy because the Com Net short is
low.
COT definitely NOT bullish and price action totally bearish and
trending down powerfully. No strength or signs of life in the
sector. Dollar is in a powerfoul uptrend the best currency in the
world.
Yuan devaluation, ecb qe, yen qe, gbp bretix problems, ensures
this continues.
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I understand the COTs could
COT not that bullish. I thought the 75k level of ...
Posted by victorh on 23rd of Jul 2018 at 08:44 pm
I understand the COTs could go lower but if we are in some sort of bottoming phase is it normal for short interest to be at the highest levels since 2006 and for open interest in futures to be rising, not falling?
yep you definitely make good
Posted by matt on 24th of Jul 2018 at 12:32 am
yep you definitely make good points, and again most likely shows that this this sector has more pain left to it . Again that's why you need a technical trigger on the chart, a falling wedge, divergence, etc, one cannot simply buy because the Com Net short is low.
COT definitely NOT bullish and
Posted by torvix on 24th of Jul 2018 at 02:36 am
COT definitely NOT bullish and price action totally bearish and trending down powerfully. No strength or signs of life in the sector. Dollar is in a powerfoul uptrend the best currency in the world.
Yuan devaluation, ecb qe, yen qe, gbp bretix problems, ensures this continues.