I’m studying how to read the COT Repot and I pulled up the most recent for 2nd May. Looking at GBP I tallied up the Short and Long Positions for Dealers Vs. Asset Managers + Leveraged Funds. The figures seem to indicate that Dealers are taking Long Positions, while Asset Managers + Leveraged Funds are taking Short Positions. I’m reading that this indicates a trend reversal could be in the offing. I was hoping to get your thoughts/opinions on this ? (I’m a newbie) - thanks.
