Hi everyone,
The latest Commitments of Traders review is out.
Soybean Oil
COT Change (52W) / C – 27%, LS – 23%, SS – 41% /
A few weeks ago we were at a pretty large bearish extreme, now prices are down again. This week’s cot data show larger changes in Traders positions (bullish cot change signal) + relative bullish extreme (based on a 1-yr time range). I could argue in any direction: on the bearish side we can say that the close to all time extreme we had a few weeks ago is still in place… on the bullish side: prices at such support levels, the relative bullish extreme and cot change signal present should be viewed. Not an easy picture, that’s for sure
Mexican Peso
COT Extreme / C, LS – All Time COT extreme /
No change from last week from cot analysis perspective / Friday’s strength maybe signaling the end of the decline?
Oats
COT Extreme / C - 333, LS – 268 report COT extreme /
With widening extreme, prices gone higher last week --> keep watching
All the best,
Dunstan
COT Charts
The latest Commitments of Traders review is out.
Soybean Oil
COT Change (52W) / C – 27%, LS – 23%, SS – 41% /
A few weeks ago we were at a pretty large bearish extreme, now prices are down again. This week’s cot data show larger changes in Traders positions (bullish cot change signal) + relative bullish extreme (based on a 1-yr time range). I could argue in any direction: on the bearish side we can say that the close to all time extreme we had a few weeks ago is still in place… on the bullish side: prices at such support levels, the relative bullish extreme and cot change signal present should be viewed. Not an easy picture, that’s for sure
Mexican Peso
COT Extreme / C, LS – All Time COT extreme /
No change from last week from cot analysis perspective / Friday’s strength maybe signaling the end of the decline?
Oats
COT Extreme / C - 333, LS – 268 report COT extreme /
With widening extreme, prices gone higher last week --> keep watching
All the best,
Dunstan
COT Charts