Is the U.S. Dollar Index headed for the mid-70s? If so, when?

Market Pulse: June 18

COT Data

More importantly, look at the weekly chart of the U.S. Dollar Index below. Take a look at how “big” money in the past has postured when the U.S. dollar was below 76. Take a real good look at the Dealer Intermediary group under the Traders in Financial Futures COT report. The CFTC defines them as the “sell side” of the financial markets. That means they are the sellers in an up-trending market. You can see that clearly on the chart. So, if you really want to know when the U.S. Dollar Index starts its ride down to the mid-70s, you need not look beyond the weekly COT reports. Just don’t forget to get on for the ride. Have a prosperous trading week.

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.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.

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

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