VIX on the Mar 18, 2018

“Index of fear” shows that the group of commercials gradually comes out with a long position, open interest is reduced, the price gradually returns to the range of the flat.

Correlation with the ES 500 index shows that the ES 500 index after correction will resume its growth.

/HG on the Mar 18, 2018

Slightly above the level of $ 3.2 was a strong sale (huge volume), which until the current day keeps the price below $ 3.2. The open interest begins to rise, while we expect a further fall to the level of $ 3 (which will show further price behavior).

In general, we can confidently say that the short position of the Commercial strongly stopped the growing trend.

VIX on the Dec 10, 2017

Since the last post Commercial twice built up a short position – both times VIX sharply soared above 11.5 points, followed by returning to 9 points.

Both times, the index e-mini SP500 does not fall below the previous low – positive divergence.

At the moment, open interest is declining, possibly reducing volatility.

/GC on the Dec 10, 2017

For a set of net shorts, gold needs to raise the price to at least 1300, attract new customers, sell them goods and continue to wait for the price drop.

Gold futures met expectations – the price touched $ 1300 twice, and, not being above this level, fell to the current level of $ 1250.

Commercial began to liquidate some short position, as evidenced by the reduction in open interest.

Now we need to see how the market behaves in the region of $1250 – $1240.