Commercials +66046 (from +101828). Large Specs -53687 (from -77738). Small Specs -12359 (from -24090).
Commercials (56.0% of total o/i) - 72.6% of Longs, 39.3% of Shorts, balance plus 33.3
Large Specs (30.1% of total) - 16.6% of Longs, 43.7% of Shorts, balance minus 27.1Small Specs (13.9% of total) - 10.8% of Longs, 17.0% of Shorts, balance minus 6.2
Even though the switch to June as the spot month may be confusing, the figures appear to show that Commercials believe the recent advance has run its course. We shall be looking for signals to sell
rather than to buy.