Saturday 17 March 2007

Emini Weekly Update: 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 +1.1%

Professionals are now net long and their net long positions make up 1.1% of total open interest in all stock index futures. This is an increase of 2.7% from last week. Historically, this is a very bullish level for Commitment of Traders data but check out the oscillator below for timing market entry.

Note: Commitment of Traders data is collected after the close on Tuesday each week and then published after the close on Friday.

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 -105

The oscillator is now below zero and in the "look for buying opportunities" zone. However, the oscillator was below last week's reading and has not turned up yet. A small change was made to the COT Oscillator calculation this week but this has not changed turning points or signals.

Remember, this is a longer term Emini indicator and designed to highlight broad trends. Click here for a full explanation of this Commitment of Traders analysis.

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