Well, WildBill, That is definitely not as large as I had hoped, but it is a small step in the right direction.
That is 4 reports in a row with the shorts decreasing.
Last month the Short Report showed a very small decrease the first 2 weeks with a large decrease the second half of the month. Perhaps it will be the same this month.
The average daily volume has fallen for three bi-weekly reports. I would be looking for this to change for a signal of strength.
The Days-to-cover has increased from 28 days to 34 days. That could put increasing pressure on the shorters if the price begins to rise.
BTW, Nice technical analysis in your previous post!
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