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Weekly Commentary: Large OI creation, pre-auction points to a bullish CCA market

February 15, 2021 by Anant Jain

Summary: Large OI creation before auction week; 5.8M tons OI change WoW*CFTC data shows Fund managers increased net long positions by 2M tonsLowest spread trade volume of 2021, at 21.8% of total weekly volume Last week at the InterContinental Exchange (ICE) a total of 5.8M tons of new positions opened…

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