As you can tell from the picture I have changed the format of the charts and hope to hear any comments you have regarding the change. Trying to make them more effective for the reader. I thank all of you who have commented.
Prices closed the week in the middle of the price range. The CFTC report on Friday showed the Managed Money shorts continuing to add to the record short position. To me, in spite of the fundamentals looking terrible for the near term— this market is screaming for a correction to punish some of the late shorts. Not sure what will cause it — but greed would be a good starting point.
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