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GU and EU should be short. 6 months commercials are short. Same as last week so people would have been 250pips+ out of pocket had they gone long as suggested.
With regard to ES commercials and the big specs, it's the big specs who have nailed it totally for the past twelve months in the COT reports, and right now they are the most short they have been in the last six months.
Commercials (big banks) don't always get it right, especially in financial futures.
COT reports are very useful, but it's not the slam-dunk these characters make it seem.
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