The goose that lays silver eggs

Market Pulse: Apr. 26, 2011

COT Data

On the weekly chart below you will see how the “big money” is moving around in this market. Keep in mind that this is a much lower volume traded market as compared to gold, so even small moves can push the price up or down. The COT legacy report does show Commercials -52,692 contracts net-short and Large Specs 33,766 net-long. These numbers actually are broken out in the disaggregated report. Commercials: Producers are -47,059 net-short and Swap Dealers are

-5,633 net-short. Large Specs: Managed Money are 26,841 net-long and Other Reportables are 6,925 net-long. I find this report to be much more transparent. Looking at the weekly below you can see the changes in these groups and how they affect the markets. Read my information under fundamentals to see for yourself if the silver ETF SLV could be causing the current spike in Silver.

Market Pulse contest question: For all who answer this correctly, you will receive a Free set of CRB Historical Charts covering 45 markets. I am sorry about last week’s contest question and providing a bad email. I fixed that this week so please give it a shot. I will post the correct answer next week.

Which U.S. state is the fourth (4th) largest oil producer in the U.S.A.? Sorry about last week. All correct answers emailed to Gary Kamen at Gary@crbtrader.com will receive the free set of current historical charts absolutely free.

Commodity

12-mo low

12-mo hi

25-Apr

15-Apr

Cattle (feed)

-2,895

7,100

205

392

Cattle (live)

-73,179

-17,850

-30,757

-30,852

Hogs

-38,039

836

-33,819

-33,527

Corn

-408,170

119,389

-386,344

-359,534

Oats

-7,738

829

-5,221

-4,868

Soybeans

-203,260

34,246

-107,150

-119,648

Soybean meal

-90,487

-32,915

-32,915

-39,370

Soybean oil

-117,444

32,394

-91,150

-84,638

Wheat

-32,577

74,638

-4,559

-3,684

Orange juice

-18,285

-6,588

-14,904

-12,862

Coffee

-47,729

-4,637

-38,158

-31,968

Cocoa

-41,808

8,586

-21,827

-22,684

Sugar

-221,694

-104,983

-117,448

-135,670

Cotton

-69,857

-12,970

-26,984

-33,281

British pound

-66,435

97,211

-46,260

-48,892

Canada dollar

-115,190

-13,109

-99,565

-100,255

Euro FX

-82,714

124,494

-80,728

-82,714

Japanese yen

-52,533

92,866

74,250

76,983

Swiss franc

-42,387

27,482

-37,034

-33,223

US dollar index

-32,653

14,003

6,391

9,604

Mexican Peso

-140,414

-14,488

-140,414

-130,987

Australian dollar

-110,025

-10,793

-102,098

-108,259

S&P 500

-88,893

33,981

-49,703

-45,459

T-note -10 yr

-74,761

256,704

166,320

205,327

T-bond -30 yr

-43,324

88,803

68,062

88,803

Eurodollar

-1,179,414

105,872

-238,916

-158,224

Crude oil

-319,669

-23,057

-295,164

-287,470

Heating oil

-66,097

7,568

-40,550

-43,460

RBOB Gasoline

-91,597

-10,453

-74,882

-73,603

Natural gas

111,345

228,910

169,849

167,588

Copper

-36,201

1,793

-26,893

-35,687

Gold

-302,740

-193,197

-266,548

-253,688

Platinum

-34,909

-15,759

-27,079

-27,456

Silver

-65,413

-43,146

-52,692

-51,279

Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

If you need help understanding how to understand how to use the COT report to your benefit, please email me at Gary@crbtrader.com and put COT report in the subject line. Please include your name and telephone number in the email.

Proceed to Page 3 for this week's detailed fundementals charts...

<< Page 2 of 3 >>
Comments
comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome