Natural Gas this week is a prime example of extreme positioning on the COT report Large Specs heavily short one side and Commercials heavily long the other side thatβs when the shifts in price tend to happen
Big macro day today. BoE cut rates to 3.75% and US CPI came in much softer at 2.7% YoY. Feels like another step toward an easing backdrop, be interesting to see how the tape reads this π