Saturday 1 December 2007

Commitment of Traders - Oscillator has turned

Here are the latest charts from Friday's Commitment of Traders report.

Commitment of Traders Image

Commitment of Traders: Professionals at +5.1%

Professionals maintained their long positions at 5.1% of total open interest in all stock index futures, a decrease of 0.4% from last week.

Commitment of Traders Oscillator Image

Commitment of Traders: Oscillator at -48

The Commitment of Traders Oscillator turned up last week and has now risen to -48. The previous week's reading was -60 and the low was -75. The Oscillator had been in over-sold territory for some time and we were looking for signs of strength. This last week we got a break above 1,456.50, the previous week's high.

Remember, the COT Oscillator is a longer term Emini indicator and designed to highlight broad trends. The Commitment of Traders Report data is collected after the close on Tuesday each week and then published after the close on Friday. Click here for a full explanation of this Commitment of Traders analysis.

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