The latest CBOE data shows that hedge funds and large speculators have increased their short positions.
This usually means that there will be a large drop coming in the next few trading sessions.
Retail traders and non-commercials are 84% long and 16% short. This means that there is plenty of liquidity to grab in the $1.80 to $2.10 region.
I'm not saying $1.80 is likely, but too many traders are disregarding it as a possibility. I still think one more dip to $2.10 is the most likely scenario given the futures data.
This usually means that there will be a large drop coming in the next few trading sessions.
Retail traders and non-commercials are 84% long and 16% short. This means that there is plenty of liquidity to grab in the $1.80 to $2.10 region.
I'm not saying $1.80 is likely, but too many traders are disregarding it as a possibility. I still think one more dip to $2.10 is the most likely scenario given the futures data.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.