After the latest bounce COT structure starts to look heavy again
as both SWAP & HFund positions went back to their March levels.
If bulls are unable to add fresh new long here then it may very
well fall back down again. I'd like to see gold rising maybe
another 2-3% to develop some kinda neg tech divergence so that I
could short it (w/ proper hedge).
N********n 发帖数: 8363
2
Silver looks a bit heavier than gold as commercial short position
is a bit higher than that of last swing high. I used to think
HFund and Retail were fighting each other but charts showed me
Retail did not seem to care much while it's SWAP engaging HFund
instead just like the gold front.
A few weeks ago when silver was at the low 19.xx I said COT was
setup for a quick 10% move in either direction. We did get that
move when HFund was forced to unwind their shorts. To go higher
from here HFund has to provide more than just short-covering, or
it'd become a short setup again. Would like to see silver up
another 3-4% on neg tech divergence so I could short it.
