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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?

To: hubris33 who wrote (9687)	3/21/2011 11:52:40 PM
From: hubris33	2 Recommendations Read Replies (1) \| Respond to of 12175

COT for Friday... showed a net increase of overall OI of 3011. Most all of the gains came from adds from the Jun OI. Front month Apr saw an add of OI of 31. This on a move in POG from 1404.20 to 1406.10. The add in Apr only delays the inevitable: now Apr needs to shed 225,003 of OI. Only 7 trading days remain before the GC contracts go notice on the 30th. Say it goes to 5oK of OI by notice date: that is still an average drop of 25K per trading day.... H3