Saturday 3 February 2007

Commitment of Traders

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

Emini Commitment of Traders Image

This week's Commitment of Traders reading is -8.2%

Professional net short positions now make up 8.2% of total open interest in all stock index futures. This is a  reduction in short positions of 2.6% from the high reading of two weeks ago.

Emini Commitment of Traders Oscillator Image            Cyan (light blue) dot = Low turning point; Red dot = High turning point

This week's Commitment of Traders Oscillator reading is +40

The oscillator has now spent the last three weeks above zero and is in the "look for the next down trend" zone. It appears to be leveling out but we'll have to wait another week to see if it turns down. Remember this is a longer term market indicator and designed to highlight broad Emini up and down trends.

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

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