dynamiquebd

POSSIBLE REVERSAL ON SILVER

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Non-Commercials and Non-reportables are already approaching extreme levels in Net-Long positioning as @ Jan 21, 2020. Non-Commercials = 68K, Non-Reportables=25k. Net positions at 97% and 87% respectively. We may expect to see exhaustion as price already at a previous month's high. We may see price attempt to retest the supply zone before a reversal occurs. We will wait and watch out for price action on Tuesday to confirm the sell. This will coincide with the release of the CFTC report before it gets to the public
Comment: "Most traders focus on the charts instead of the buying and selling of the people who move the charts."

Comments

We believe the COT report would be released to around 3:30 PM eastern Time. Today's Price action has given away the inside information of how the big players intend to move price. Don't forget that the regulatory bodies may do its best to curb trading on price sensitive information, the Smart money will definitely be privy to price sensitive information before it (The COT Report) gets to the public on Friday . Notice that the price move was not supported with the corresponding volume. The goal is to attract selling from dumb money (retails). We may see price targets @ 16.53120 levels. There's still adequate contracts to go long
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what do you think the bottom is ?
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dynamiquebd RedRum3X
@RedRum3X, its not unlike that we retest the previous month's low
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dynamiquebd dynamiquebd
@dynamiquebd, 18.146
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nice trade. your calls have been accurate
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