I really hope he’s got it right but I fear we’ve been betrayed too many times by the COT Report.
While I’d like to believe it really matters, I suspect the cabal/scum owns both side of the COT report, they own the funds as well as the commercials, which is exactly why the prices stay manipulated. Long positions dumped at inopportune times to tank prices in illiquid hours. Sure we may see a rally in the short term, but never anything sustainable until the cabal/scum allows it.
We will see, but I expect nothing explosive to happen because of this report. JMHO.