Zeev's Turnips Patch-No Politics (ZEEV)

[Gizmo]

I don't think we're going to see much more short covering/converted to longs from the large and small specs. The majority of those positions already closed. Commercials are net short after being 74% long at the bottom and could be a growing headwind.

It's going to take more real buying to compensate for the loss of short covering gains.