Cot 04/21

[B]Implications: [/B]Bullish but forming a top


[B]AUD:[/B] The 52 and 13 week COT indexes are at 63 and 83. The 13 week index was at 100 two weeks ago, which warns of a bullish extreme. Often times, the uptrend will continue for a few weeks before the reversal in price occurs following an extreme reading. In other words, watch for a top.