FUNDS won't change to short again. This a long process for them and they are in the process of going long several weeks ago. You've seen that in the last 7 COTs ago.
However today they changed strategically a little bit, enough to benefit them and disoriented everyone. They sold and forced the market to the level where the stops were reached.
In my opinion, the market has to resume its uptrend. But maybe the recovering takes some days. In the meantime, weak Longs and Origins which are very disappointed will have to throw the towel. Some of them could attend margins call, but most of them will be forced to liquidate, price fixation and the story is always the same . Origins always will pay the bill.
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