Saturday 31 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 +2.5%

Professionals are now net long and their net long positions make up 2.5% of total open interest in all stock index futures. This is a decrease of 0.8% 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. This week's chart has been posted after Monday's close and therefore shows an extra data point - just ignore this last bar.

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 -17

The oscillator is about to cross the zero line into the "look for selling opportunities" zone. Again, this week's chart has been posted after Monday's close and therefore shows an extra data point. This extra data point shows that the oscillator will most likely cross over the zero line this week and confirm the low turning point during the week ending 16 March 2007.

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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