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SC Iowa | CFTC numbers regarding positions are as of Tuesday each week...
so trying to figure out the trade's actual position as of a Friday night close requires some degree of extrapolation
It's going to be an interesting week.....the short bought global user would like to let the (too long) spec twist in the wind and watch this thing wash out further, possibly to sub 4.50 levels.......but they also know we're only 4 trading sessions away from the next report and having watched futures erode 70+ cents from last Monday's high, might actually think they should be prudent and take on some ownership "just in case"..... | |
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it seems to me
