Saturday 25 October 2008

Latest Commitment of Traders Charts

Latest Commitment of Traders charts below.

Emini Commitment of Traders Image

Commitment of Traders: Professionals -6.3% (short)

The Professionals have increased their net short positions from -5.5% last week to -6.3% this week. The SP (large contract) Professionals are still more bullish than the ES (mini contract) Professionals, as shown by red line above zero.

Emini Commitment of Traders Oscillator Image

Commitment of Traders: Oscillator -67

The Commitment of Traders Oscillator dropped again this week from -39 to -67. This pattern of turning back on itself can play out either way - marking bottoms or trend continuations. However, we still have a pattern of higher lows on the Oscillator and lower lows on the Emini (bullish divergence). But I'm still just day trading and not brave enough to take a swing trade (hold overnight).

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 to a feature article with videos and a full explanation of Commitment of Traders analysis.