• The net spec long position grew again slightly in the week up to the 19th of January, standing at 237k.
  • Despite this modest increase, speculators increased their number of short positions as well as long, suggesting uncertainty at the direction of price with the market reaching multi-year highs.
  • This strength encouraged producers to increase their already huge short position.
undefined

undefined

undefined

undefined

Jack Haslam

More from this author