Saturday 22 December 2007

Latest Emini and Commitment of Traders Charts

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

Emini Commitment of Traders Image

Emini Commitment of Traders: Professionals +3.7%

Professionals are long 3.7% of total open interest in all stock index futures, a decrease of 2.4% from last week. As an Emini upswing gets underway it is normal for the professionals to lighten their long positions, so this decline is not unusual.

Emini Commitment of Traders Oscillator Image

Emini Commitment of Traders: Oscillator +59

The Commitment of Traders Oscillator increased from +49 to +59 this week. We're getting closer to the +80 level where Emini reversals are likely, but we're not there yet.

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.