Dunstan
Registered: Jul 2012
Posts: 136 |
05-20-13 10:42 AM
Hi everyone,
The latest Commitments of Traders review is out (here).
Coffee
COT Change (52W) / C-41%, LS-36%, SS-25% /
COT Long-term Trend: UP
As Large Speculators gone back Long, we can start thinking of joining them. If you have a look at the historical charts, you’ll find that in most markets, Large Speculators are on the right side during trends. The fact that they are switching their views about the market, is very exciting! Although we have this large change in positions, I think that in a few weeks, but maybe only in a couple of months, we will see much higher prices.
Swiss Franc
COT Change (52W) / C-20%, LS-19%, SS-20% /
COT Extreme / relative COT extreme /
Although we are a bit away from All Time cot extreme levels, on a 5 year chart you can see that Commercial’s level of net long 30.000 contracts usually meant the start of a rally. We are at this level now. Of course the picture would be clearer if they were at 55-60.000 contracts, but this level of extreme combined with the large change size may convince us to open a long position.
Heating Oil
COT Extreme / C & LS-All Time COT extreme /
We’ve got All Time extreme levels in the cot report this time in Heating Oil, that could easily mean higher prices soon!
I wish all of you good luck to this week’s trading,
All the best,
Dunstan
the original COT report --> here
COT charts --> here
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