We have been seeing a little bit of green in the NF/ BNF charts from the lows of Friday.

 

If you have been observing these charts from the beginning that would immediately tell you that shorts are not pressing at lower levels, but have started taking profits.

 

 

BNF :

 

 

RM's OI Table : https://docs.google.com/spreadsheet/ccc?key=0Ase3dtbFwQWUdFFpWFFudkx1VV9XVUQ1cjllVlFyVGc#gid=0

 

The OI table above shows an addition in OI in the past two sessions.

 

At first glance this would imply that there are more shorts being created in the NF for the current series.

 

The cumulative change in the series OI is also at the highest point of the series in both the instruments.

 

Overall, to sum it up, shorts are still in control.