I think you guys are missing the fact that everyone went into the weekend net short. The market didn't break the trendline so they need to cover. Some of these guys carry up to 10k contract. So it going to take some time to cover. Plus if they are going long now. They have been buying any small dip along with the aggressive longs.Quote from BPtrader:
hello, that inventory number has a "+" not "-" in front it.
you know what, these computer programs written by those quants, who probably graduated from the computer science department of University of Phoenix, do not recognize the plus sign or minus sign.![]()