Compared to HYG/JNK Crude corrected "a bit too much"... 46 should be seen soon but the magic should start above 50. COT Data developed as expected last week. I currently believe we're going to see commercials net short% positioning in the range of 13-14%, so get prepared for the next rally!
Comment:
46 came really fast, but be careful now if you're not yet in... We are now at a resistance, and it can go down back to 42 quite fast... On break we'll be targeting 52.5 region
Trade closed manually
