A nice report here which adds another arrow to the technical view on the markets.
I like the level of the shorts on WTI, as one example playing into the weak seasonals for the instrument.
Purely from a trading perspective if they can be ‘turned over’ these are the sorts of games that traders like to play, making participants reverse allocations.
There is a lot to comment on and digest here. The long gbp for asset managers reflects some discussion on the forum for a while ie the long GBP equities fully funded with GBP cash is a trade that has been in motion for a while now and shows no signs of abating quite yet though we maintain an eye on the cyclical bear Euro chart vs the GBP as she is in distribution and close to threatening some key trend levels.
Here the report. A useful report.
Rich