yeah only incentive would be wanting to accumulate at this...

yeah only incentive would be wanting to accumulate at this level, especially post sig's entry. but they would need to cover first and to do so with 50mil open positions would be a struggle. bright side is beside external factors usa rate rises are done till next year so maybe there is some runway for greener days. add to that sitting at some long term support and 12 months lows.

keep in mind that mg fund has been adding all the way down, without knowing what size position they want id imagine this level is pretty attractive. if this area cant hold 15c is probably the next target and 11c not being out of the question if things go very sour