This Trade was taken as net positions hit the highest amount this year at 16/4/2024 we had the highest positions in a 26 week period at -78,835 net positions, this was followed by a price action signal for a short trade.
please know at this current time, We had a very dry season in Brazil and in vietnam which caused a massive price spike through out all year. The COT report shows us the net positioning being the highest as well as commercials are loading up on the sell side of the market.
please know at this current time, We had a very dry season in Brazil and in vietnam which caused a massive price spike through out all year. The COT report shows us the net positioning being the highest as well as commercials are loading up on the sell side of the market.
Trade closed: target reached:
I have taken profit on this trade 0.57%