CHF - Futures - Possible trade
Updated
CHF - Futures, there is interesting levels of positioning by the commercials are taking place, it has not yet been confirmed from my end, but there is quite bit of long positions are being taken up by larger traders. Will keep an eye out for turning points in the near future in the next few weeks.
Note
CHF is looking very interesting as of 10/10/2023 the highest net positions of commercials are at 28,830 contractsBut since from 19/03/2024 contracts increased to 33,392 first time its broken this mark and then proceed to increase net positions from 03/26/24 - 37,454 and then another increase of net positions to 04/02/24 to 38,683.
Looks like we are seeing a very overheated or other wise known as a overcrowded market. Keeping a close eye on it as it's showings some promise for a trade next week or after.
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