Monday 8 January 2007

Commitment of Traders Update

Here are the latest Commitment of Traders charts for Emini traders:

Emini Commitment of Traders Image

This week's Commitment of Traders reading is -8.6%

Professional net short positions now make up 8.6% of total open interest in all stock index futures. This is a very small decrease in short positions of 0.2% from last week. Data is delayed this week, so ignore the last bar of the COT histogram (it's just the previous week's data repeated in this case).

Emini Commitment of Traders Oscillator Image

This week's Commitment of Traders Oscillator reading is +24

The oscillator has turned down this week and dropped from +44 to +24. The data was delayed this week, so ignore the last reading of -39 and cross of the zero line on the chart. However, this does suggest that a top in the Emini was likely made back during the week of 15 December 2006 at 1,444.25. We'll have to wait until the end of the week and see for sure. Remember, long signals are triggered after the oscillator has crossed below the dotted zero line and turned up.

Click here for a full explanation of this Commitment of Traders analysis.

Emini trading articles filed under Commitment of Traders :