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Buxton ND | Picked this up on Tweeter
#MassacreMonday
#TurnaroundTuesday
#WeakerWednesday
#TeaserThursday
#FlatulentFriday
Spec money I'll take the easy way out, been a long week, I'm tired and out of beer, they were not friendly numbers. Action since IMO is not friendly, we're only .19 off contract lows in ZCZ15 so their probably going to test the low if for no other reason then just to say they did.
That 38k of new longs in corn that bought last week,,, 40k sold this week, left with their tails between their legs and losing money AGAIN. A interesting tweet to go with this and goes with what Gramma said "play with fire long enough and you will get burnt"
"Carlyle owned commodity hedge fund, once worth $2 Billion, has shrunk to less than $50 Mil in assets
Lesson: Funds aren't always right"
Another tweet that pretty much sums up the spec money movements from Ken Morrison.
"In the 12 major commodities I follow most closely, Managed-$ funds were net sellers for the week ending 7/28..most net sold since w/e 3/17
Edited by Sat 7/31/2015 16:25
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I'm no technician but something I've noticed
