Commercials, reverting to form, lifting their STO positions to...

Commercials, reverting to form, lifting their STO positions to new contract reach 207k v last weeks 199k
whereas trend-following managers lifting their BTO positions to new contract reach 189k v 178k
retail (you) backed off slightly

Commercials tend to lean into sellside as price rolls over and have had the same m.o in all the previous swings south in the weekly downtrend....this doesn timply we're headed for new lows weekly basis, it does tend to favour probing lower levels to find the bids that count

each successive (or percussive) rip up has been followed by what would be a tortuous churn south for the bid side....not withstanding that both bullish liquidity heading/rotating thru equities + $dx is a drag on PM's atm

levels levels levels ....or zones zones zones....