/HG on the Oct 10, 2017

The focus was on futures for copper (/ HG).

In early August 2017 was the extreme short position of the Commercial group with open interest at the maximum. The price has rolled away a little, a part of shorts have bought back. It is likely that futures for copper will come to the last high, will update the top and the price will fall.

But, we need to follow the open interest …

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