We know that all we can do at this point is speculate, but IMO it stands to reason that because the shorts are so heavily committed, they are going to do everything that they can to keep the lid on CCME until whatever they are betting on happens, such as a major market correction or China inflation issues, etc. Time is not on their side, but then again I would have guessed that they would have been steamrolled by now after a 2.3 million volume day. Guess I under estimated the depth of their resolve.
IMO it is highly unlikely that this is retail or institutions dumping...not with all of the positive news lately.
