Commitment of Traders: Professionals -7.2% (short)
Professionals added to their Short positions this week. The Commitment of Traders reading is -7.2% of total open interest, up from -6.5% last week.
The Large contract (e.g. SP) professionals are still more bearish that the Mini (e.g. ES) contract Professionals with the difference standing at -6.5% (red line above).
We’ve now had 2 weeks where the Professionals are adding to their Short positions. It’s not a big move right now, so I’m waiting to see if it develops over the coming 2 weeks.
Commitment of Traders: Oscillator +68
The Commitment of Traders Oscillator kicked back up this week from +35 to +68.
US Dollar Index: Commitment of Traders
US Dollar Index: Professionals +32.9% (long) and Oscillator +34
Professionals increased their Long positions on the US Dollar this week. The net Long position reading stands at +32.9%, up from +28.2% last week.
The Commitment of Traders Oscillator has ticked down and now reads +34. The Oscillator needs to be below the zero line to signal a buying opportunity. So maybe we’ll continue to see weakness in the US Dollar index.
Remember, 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.