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Re: Daily High Cycle Within April 6th-12Th
I feel a bit more bullish. I think the COT is bullish, showing that there is a decent amount of recent gross short on the non commercial side that are already in trouble. Spreads have been firming late this week despite the Index roll (most bullish sign for me). And finally the USD index seems to be headed lower again, which could be bull commodities as a whole once again.
On the fundamental side, I donít think itís moving markets yet, but from what I hear it has been raining to much in Colombia and the flowering would be impacted.