Nett differences: Commercials +49426 (from +47825) Large Specs -31014 (from -30666)
Small Specs -18412 (from -17159)
Proportions:
Commercials (53.6% of total o/i) -
68.3% of Longs (from 66.0%), 38.9% of Shorts (vs 37.3%), balance plus 29.4 (vs plus 28.7)
Large Specs (32.2% of total) -
23.0% of Longs (from 23.1%), 41.4% of Shorts (vs 41.5%), balance minus 18.4 (vs minus 18.4)
Small Specs (14.2% of total) -
8.7% of Longs (from 10.9%), 19.7% of Shorts (vs 21.2%), balance minus 11.0 (vs minus 10.5)
Commercials once again added to longs, but this time also added to shorts; overall, they became slightly more long, both proportionately and outright. Small Specs reduced their involvement altogether, while staying quite short overall - this, together with the increase in speads, may simply be a result of the impending switch of trading position, from Dec to March. Nett changes still suggest there may be more room on the upsiade than the downside.
Commercials once again added to longs, but this time also added to shorts; overall, they became slightly more long, both proportionately and outright. Small Specs reduced their involvement altogether, while staying quite short overall - this, together with the increase in speads, may simply be a result of the impending switch of trading position, from Dec to March. Nett changes still suggest there may be more room on the upsiade than the downside.
Dollar Index: Total o/i 97454, spreads 3378 (3.5%). Closing price Nov Dec 2nd 88.64
Nett differences: Commercials -49049 (from -50500) Large Specs +36155 (from +38467)
Small Specs +12894 (from +12033)
Small Specs +12894 (from +12033)
Proportions -
Commercials (35.6% of total o/i) - 9.5% of Longs (from 8.9%), 61.6% of Shorts (vs 61.5%), balance minus 52.1 (vs minus 52.6)
Large Specs (56.1% of total) - 75.3% of Longs (from 74.9%), 36.9% of Shorts (vs 34.8%), balance plus 38.4 (vs plus 40.1)
Small
Specs (8.3% of total) - 15.2% of Longs (from 16.2%), 1.5% of Shorts (vs 3.7%), balance plus 13.7 (vs plus 12.5)
Total open interest remains high, guidance from the breakdown of positions held remains lacking
(although there won't be much more short-covering to come from the Small Specs - on both a nett
and a proportionate basis, they're longer than they have been for some time ... )
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