Brilliant breakdown of the spec positioning squeeze. The COT data showing 9.64% drop in non-comm shorts at the 92nd percentile is wild. What really caught my eye tho is how the Venezuelan cargo deal drains 33% of the floating glut while specs are stuck unwinding. Been watching similar setups in natgas and the short covering accelerates way faster than poeple expect once momentum flips.
Thanks for the kind words. Smash the share buttons!
Yep Natty has been awesome. Price action Friday was a little tepid relative to the week. May be some pricing out of the whole storm just as it hits, but I wouldn't stand in front of it personally.
Brilliant breakdown of the spec positioning squeeze. The COT data showing 9.64% drop in non-comm shorts at the 92nd percentile is wild. What really caught my eye tho is how the Venezuelan cargo deal drains 33% of the floating glut while specs are stuck unwinding. Been watching similar setups in natgas and the short covering accelerates way faster than poeple expect once momentum flips.
Thanks for the kind words. Smash the share buttons!
Yep Natty has been awesome. Price action Friday was a little tepid relative to the week. May be some pricing out of the whole storm just as it hits, but I wouldn't stand in front of it personally.