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RC COT Report
Posted by Tango
on December 27, 2019, 8:52 pm
RC opened at the highs and ended at near the lows with a negative change of $67 and a range of $103. To put it in perspective, KC had a high of 137.65 and a low of 127.10 to close at 131.55. The COT reveals that amid the weakness funds increased their short position while swap dealers, (institutions or end users, large traders and commercials bought. Although the downward market may have triggered a sell signal for funds, the buyers were there in force. And even though this COT may be a prelude to the KC COT to be released on Monday, it is reassuring to see that the buyers are multiple sectors and of good quality.