Jason Shapiro a great trader who flagged that natural gas was about to take out a few months ago due to positioning eg he fades the speculators on the COT report and goes long or short with the commercials.
the COT according to him shows that commercials have eased off of their NG longs - we will see how goes regarding QPM
some scribble of what I think will be the case with the chart - as said I’ll be adding another lot above recent highs
QPM Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
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