Hi everyone,
The latest Commitments of Traders review is out.
Dow Jones-30
COT Change (52W) / C – 35%, LS – 27 /
Ok, the change was large, it may draw prices lower in the next few days… What I’m more interested is the long term picture. Prices are high, but we don’t see any indication from the report that we should expect the end of the rally. If you look at small specs here in the Dow, you can see how pessimistic they are about further rallies… I think that’s just a good evidence for us that supports a bullish picture.
Orange Juice
COT Extreme / LS – 296 report COT extreme /
Don’t miss out the opportunity lying here! The bullish cot extreme is present and it is unquestionably large. As you can see on the chart, OJ has reacted nicely to cot extreme signals. I think it can be a wonderful trade.
New Zealand Dollar
COT Extreme / C – All Time, LS – 125, SS - 334 report COT extreme /
Wow, another great market with a beautiful signal! All major participants of the market hold extremely large positions and similarly to OJ, judging by the past, the market is likely going to react to the signal.
All the best,
Dunstan
