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Posted by Tango
on August 26, 2020, 6:27 am, in reply to "Hmmm
U has become irrelevant and the OI has been slowly rising on light volume. Yesterday was the highest volume of the last few days at 38k. It seems that the buying is speculative and the selling mostly commercial. I agree that with the high global stocks on hand caution is recommended. As we have seen on the COT, part of the buying has been index funds and other funds who seem to have more of an investment attitude than in momentum. The market remains steady for now but it is thin, including spreads.