Posted 6/30/2020 06:56 (#8344630 - in reply to #8343962) Subject: RE: Short covering corn today?
Price and the degree of movement is not solely determined by the funds
Just because they are net -277k doesn’t equate to a .30 rally... it could but it could also = a steady mrk.
All one has to do is look at the fund roll out of cn last couple weeks as oi went down. The spreads moved didn’t? And price went down
Do you want to be tied to a common misconception or understand how price moves? Its not your fault though cause most advisors/brokers preach the same thing.
If u can understand this concept your timing will get better = less drawdown.
Another tip if still got your attention.. stay away from people who describe market action up or down as “ profit taking”. That is just a lazy way to say what they really do not know...the original positions and other stuff via options they have on..