Saturday 24 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 -7.8%

Professional net short positions now make up 7.8% of total open interest in all stock index futures. Professionals continue to offload short positions from the peak reached 5 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 +44

The oscillator turned down last week but had a small up-tick this week. The bearish divergence pattern mentioned last week is still on, but only just. 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.