Short Trade Continues to Disintegrate 1M down from the 17th... good news.
Better news for longs is the price has risen during that period, infact the numbers if they can be trusted almost all of the million drop occurred yesterday...
Shorts should rise with the price and drop as they cover the Short Sales...
Currently and for a number of months this change of state has shown up more often...
The SHORTS imho ARE GETTING OUT according to the Short Report and its reductions during a period when they should be adding if the trade is valid.
>10,640,000 remain Short
I expect, by morning, the number exiting the trade will change in favour of the Long Trade.