dealers certainly aren’t losing any sleep or rushing to cover short gambles in cable for now, as they haven’t been since 2nd week of quarter 4.
10th October, 13th November & 18th December to be precise, which happen to have also registered the heaviest short weighting in that pair at the time.
Is shorting that pair at current, & those recent levels really the highest probability bet you can identify out there this week?
[quote=“Falstaff, post:19, topic:127783”]Tonight IG are registering 62% “open interest” are “SHORT”.
They will see that as an opportunity to push upwards.[/quote]
always wise to include & pay close attention to that data, particularly associated with retail participation & especially when price is cycling in a different direction!