Housekeeping: This will be the last proprietary analysis for a week or so. GoldFix email/content schedule for the next two weeks can be found here
COT Discussion Slides
Up week, Trend week. Oi climbs indicating Fund buying overall
Day 1:
down day, red candle, normal (variation) lower
oi drops 4k indicating long funds selling to Bank dealers covering
Comment: None
Day 2:
Up day ,green candle, normal day
OI flat: suggests old longs to new logs (green candle), or old shorts to new shorts (red candle)
Comment: none
Day 3
Up day, Green candle, Trend day
OI up 24k: Funds got in.. early and all day.. likely macro DRT at first, then CTA after the first rally. ( was there news or event?)
Big move, Big Oi change.. healthy, and after day 2 clearly means weak hands ot strong hands on day 2. .somebody caught the knife after day 1 in day 2 and kept on buying
