Weekly adjustments among forex majors were in the mild side, but then that is to be expected given the time of year. Large speculators continued to favour the Dow Jones over the Nasdaq 100, and increase their net-short exposure to the Dow Jones and increase net-short exposure to the Nasdaq. Whilst the 3-month percent rank has reached 100% on the 3-month on the Dow Jones, it is far from a sentiment extreme as traders are only net-long by 1.6k contracts. WTI crude oil has continued to rally, only we’re now seeing gross longs increase whilst gross shorts are covered, which underscores the strength of the move up to the ... (full story)