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| Idk if it’s the same way in grains but something I’ve noticed in stocks is when there’s lots of oi on a stock and that week or whatever it starts heading down, it’ll go down some but not a lot and then it’ll kinda start to show support but once that large oi goes away, sometimes that’s when it really begins to drill.
Idk if it’s market makers holding it up to collect premiums and then stepping away and traders making it dive. Or if after the traders close out their positions market makers have an easier time getting it to fall sharply with less open interest so there’s less pay out for the shorts.
I haven’t looked but I’m just gonna assume there’s a lot of open interest in the nov and Dec contracts and that funds closing out their positions ain’t necessarily bullish | |
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USDA tomorrow could make or break the charts - market comments
