Saturday 2 June 2007

Commitment of Traders Update

Here are the latest Commitment of Traders charts for Emini traders:

Emini Commitment of Traders Image

This week's Commitment of Traders reading is +3.7%

Professionals are net long and their net long positions make up 3.7% of total open interest in all stock index futures. This is a further increase of 0.7% from last week. The Commitment of Traders data has been shown to be extremely accurate in judging the strength of this last rally with the reading turning positive 12 weeks ago.

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 +15

The oscillator declined again this week from +37 to +15. New highs this week and again no break of the previous week's low. Short term we're close to a cyclical high turning point but professionals have been adding further to long positions (+3.7% reading) and the uptrend appears to still be intact despite the oscillator pointing down.

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.

Emini trading articles filed under Commitment of Traders :