OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Morning Captain

Posted by Buygold @ 9:52 on May 16, 2020  

Even the COT’s bear out what you say.

The commercials got quite a bit shorter while the funds and everyone else covered as of Tuesday. The Commercials sold their longs in the hope of spooking the market, and did spook the funds into covering but just a little. Volume appears to be drying up – my take anyway.

Seems like the funds and everyone else in the futures market is tired of getting their asses kicked as they only added 703 long contracts. Hopefully they didn’t add more after the action on Friday.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.