Will the U.S. dollar test the 2011 lows in 2013?

Market Pulse: January 2

COT Data

On the weekly chart below you can see how the sell side of the market, Dealer/Intermediary in the COT Disaggregated report, were posturing net long throughout the drop back in 2011 when the U.S. dollar went from trading just over 81 in the beginning of 2011 to testing 73 at the end of April 2011. This past year, the price action of the U.S. Dollar did not seem to like being below 79. As of the last COT report of 2012, Dealer/Intermediary were net long 9,635 contracts. Asset Managers were net short -4,718 contracts as were Leveraged Funds -10,406 contracts. Other Reportables were net long 5,925 contracts. Note ADX on the weekly chart is at 22, weak weekly trend.

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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