@StockRuler, Its not weird they doent have to correlate always
Finchcliffe
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Thanks Dave, I thought COT had more long gains than short gains last week? I'm bullish too short term btw but was interested that you mentioned COT?
Dave-FX-Hunter
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@Finchcliffe, You can't look to the COT just in terms of last week's change. We can see the price was ranging for the whole of April and the first half of May.
If market makers are bearish they would build shorts in higher levels, but they didn't, they have been closing shorts for the last 4 weeks.
When closing shorts on the HTF supports = bullish probability.
We will most likely see bullish report next week. As well COT is reported on the tuesday and published on Friday we can see the longs in the COT yet.