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Posted by Tango
on July 23, 2019, 9:58 am
The OI continues to either be almost unchanged, indicating new vs. old, or itís higher like yesterdayís, indicating new vs. new. If true to the COT, funds were primarily liquidating longs and selling new. Other sectors were mostly on both sides with new positions. But it safe to assume that all sectors are active. Itís also likely that commercials are buying in the front months as well as the middle months. The roll is a possible consideration but net positions are new and outright business dominates the volume. There is good support at the 102.50 general area.