long opportunitiesThis is a trade where I’m staying patient, and the COT numbers are particularly interesting.
Speculators' behavior has driven prices bearish, and while the sentiment remains predominantly short, we could see a relief rally from those heavy shorts in the coming weeks, or potentially sooner.
It will be very telling to see what the COT report shows by Friday. If we observe a significant reduction in shorts, I believe we could see prices push higher next week.
I’ll be looking for an entry at a key support zone formed on the daily or weekly chart.