CTA Key Levels: Very Long Metals, Very Short Oil.

Very Profitable in Both

Here are the levels CTAs start to exit Gold and Silver longs as well as Oil shorts according to multiple Banks

Note: Havent seen a GS CTA report for Gold/Oil in a month now…. plenty of equity ones however.

The institutional Silver write-up posted yesterday Silver Futures: Managed Money Longs Surge ( A gift from heaven BTW ) made up for it.

Here is what we have.