| Speculators, both large and small,have been adding to their net long positions recently, with the most recent Commitment of Traders report showing a combined net long position by non-commercial and non-reportable traders of 5,964 contracts as of March 12th.
Some commercial traders have been using the recent rally as an opportunity to increase short hedges, which will need to be overcome in order for prices to breakout beyond the highs of the recent consolidation range...............................................Full Article: Source
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