Saturday 30 December 2006

Commitment of Traders Weekly 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 -8.8%

Professional net short positions now make up 8.8% of total open interest in all stock index futures. This is a decrease in short positions of 0.9% from last week.

Emini Commitment of Traders Oscillator Image

This week's Commitment of Traders Oscillator reading is +44

The oscillator continues to turn up but this does not signal to go long. Long signals are only triggered after the oscillator has crossed below the dotted zero line and turned up. Typically when this happens it's part of a divergence pattern. The Emini may try to retest the December high while the oscillator remains weak, setting up a short signal divergence pattern.

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

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