Disliked{quote} If I knew what day, they did X. I could take a more educated guess. Now I know what they did before Wednesday (late last week/early this week). I dont know what they did Thursday and Friday (late this week). I assume they were buying. And possibly selling yesterday evening. Sure /i can see when a balance is weighted long or short. If the buys are accumulating more then the shorts over time. They are probably buying. But with each buy someone sold it. So there is a balance. So than it comes down to Cot. The accepted logic being these guys...Ignored
Also open interest was reduced by 73k. That means the euro market got much smaller, about -12% in a week. That is significant. Everyone was reducing positions. There's a lot of uncertainty here, a lot of blood on the street. This is a perfect setup to whipsaw everyone the 'f out. Like a hard spike below 0800 and then bounce hard back to 1490.