Non-Commercial

Commercial

Yesterday’s CoT report (Commitments of Traders) highlighted that “Commercial” and “Non-Commercial” are reducing significantly their net long positions in options, respectively down by 25.60% and 20.69%. This might suggest that the $73/$75 price range could be a level where there’s increased buying interest, at least for the current conjuncture. Furthermore, the oscillator is pointing to a state of “tension” for both categories, possibly signaling that a potential shift in the market trend could be close.

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