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Re: Chart COT of 02/08/2020 - Producers X Users Speculators
Thank you MAJCoffee. It may be a good buy level, but watch the trend of Funds (MMs) positions. We can see in all COT charts that prices are directly linked to the funds position (MMs). If they are bought, prices go up, if they are sold, they go down. The last COT until Tuesday (02/11/2020) shows the funds sold, as TANGO reports in its spreadsheet, it remains to be seen who bought it on Thursday and last Friday at the next COT.