Are we heading back to the Resistance level?

Sentiment Indicator using COT
Date: 24th of July 2018
Percentage of Total Open interest
Long: 35.7%
Short 61.4%
Positions
Long 1,225 contract
Short 2,107 contract

Total Open Interest
3,431


Date: 7th August 2018
Percentage of Total Open interest
Long 43.7
Short 47.6%

Positions
Long 1,194
Short 1,300

Total Open Interest
2,732

Take note of the declining % short seller