Does a ton of cotton weigh more than a ton of bricks?

Market Pulse: August 6

COT Data

On the weekly chart you can see the last week there was a small drop in net shorts by Producers now at -43,562 contracts and Swap Dealers remained net long at 54,404 contracts, with Managed Money with a very small net short position of -2,458 contracts. For any prolonged move up we will need to see an increase in net shorts by Producers and a move into high net longs by Managed Money.

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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