23 February 2008

Commitment of Traders Update

Commitment of Traders updated charts below.

Emini Commitment of Traders Update Chart

Commitment of Traders Update: Professionals +1.6% (long)

The Professionals (SP large contract) are net long 1.6% of open interest. This is down from last week's reading of 1.9%. This week the large contract professionals have been reducing their long positions while the mini-sized futures contract professionals have been increasing their long positions.

Emini Commitment of Traders Oscillator Chart

Commitment of Traders Update: Oscillator +40

The Commitment of Traders Oscillator crossed the zero line and reached +40 this week. This confirms the low of the last cycle was 4 weeks ago at 1,262. The oscillator looks like it's heading higher this week.

Remember, the Commitment of Traders data is collected weekly after the close on Tuesday and the Commitment of Traders Report is published after the close on Friday.