Commitment of Traders: Professionals -6.4% (short)
Professionals continue to reduce their Short positions. This week’s reading is -6.4% of total open interest, down from -7.7% last week.
The SP (large contract) Professionals are also becoming less bearish that the ES (Emini contract) Professionals with the difference standing at -2.9% (red line above).
Commitment of Traders: Oscillator +73
The Commitment of Traders Oscillator ticked up this week from +71 to +73. We’re still in this "no man’s land" where we’re not over-bought but showing Bearish Divergence.
US Dollar Index: Commitment of Traders
US Dollar Index: Professionals +34.9% (long) and Oscillator +43
Professionals maintained their Long positions on the US Dollar this week. The net Long position reading stands at +34.9%, down from +36.1% last week.
The Commitment of Traders Oscillator has now crossed the zero line and reads +43. Will the US Dollar follow it this week and start to rally?
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.