With publication of the latest figures by the CFTC delayed by the Thanksgiving holiday, now seems a good time to catch up with events over the last month.
After values dropped somewhat (as expected), they have started to pick up again, and this should continue - depending on confirmation from the latest figures when they come out Monday night.
Total open interest was down, at 149173, and nett differences were lower - latest show Commercials -19431 (from -31150), Large Specs +8228 (from +19279), and Small Specs +11203 (from +11871).
Commercials (53.7% of total o/i) - 47.2% of Longs, 60.3% of Shorts, balance minus 13.1
Large Specs (28.1% of total) - 30.9% of Longs, 25.3% of Shorts, balance plus 5.6
Small Specs (18.2% of total) - 21.9% of Longs, 14.4% of Shorts, balance plus 7.5
But we'll wait for Monday night before drawing any further conclusions.