Looking through the COT report I noticed that the on top of the list when it comes to COT extreme has come NZ Dollar. Not only Large Speculators are at extreme level but also Commercial Spec are on extreme levels. We can see that the Open Interest has increase as well suggesting new position where added during this down move. While Commercial Spec are net long we can see that the Large Spec are on the other side and are net short.
Even though this may suggest that a reversal may be in place the …
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