According to the current CoT reports the total market volume increased by 1%, amounting to a cash figure of 228bn 202m.
The net outperformance of bullish positions continued to decrease. Thus, over the past week, the bulls further reduced their preponderance by a further 11%, indicating a likely continuation of the decline.
💠 Partial increase in locked positions of investors suggests a likely unidirectional movement of the asset quotations during the new trading week.
The main scenario is a successful test of the market maker's balance (1.1881) and subsequent decline with targets: market maker's loss (1.1821) and upside position gains (1.1765).
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