Those pros and Commercials have deep deep pockets. Once price peaks
and they permit it to fall, assist it to fall, they will be doubling or
tripling their shorts, one half to make up for the losing side, and one
half for profits. Commercials were probably shorting all the way up since
they deliver product anyway and were just locking in higher prices.
Studying COT shows commercials are net short most of the time anyway because
that is their business.