In the COT report, you will see that it looks as if we are witnessing a posture change by big money in the euro, U.S. dollar and cotton. The Commercials are now at a 52-week low in the euro at 7,751 net long, a 52-week high in the U.S. Dollar Index at 9,052 net long (previously net short), and in cotton we see Commercials now net short -34,949 contracts — a 52-week low.
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...