Saturday 12 April 2008

Commitment of Traders Weekly Update

Commitment of Traders weekly update charts below.

Commitment of Traders Image

Commitment of Traders: Professionals +1.4% (long)

The professionals (large SP contract) are still net long. Their long positions account for 1.4% of open interest, down from +1.9% last week and +2.3% the week before.

Commitment of Traders Oscillator Image

Commitment of Traders: Oscillator +38

The Commitment of Traders Oscillator has risen slightly this week to +38, from +35 last week.

The Emini got hit hard on Friday, but as long as we stay above 1,258 (last swing low) I'm sticking with my longer term bullish outlook. In fact, if we survive any test of 1,300 and get a bounce this week it will be a very bullish development. The next Hilbert Sine Wave cross on a daily time frame is a few days away and will be key.

The Commitment of Traders Oscillator is a longer term Emini indicator and designed to highlight broad trends. The Commitment of Traders data is collected weekly after the close on Tuesday and the Commitment of Traders Report is published after the close on Friday. Follow this link for a full explanation of this Commitment of Traders analysis.

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