Hi everyone,
The latest Commitments of Traders review is out.
Soybean Meal
COT Change (52W) / C – 27%, LS – 25%, SS – 12% /
Not much to say hear, since we’ve only got a change signal, no extreme. The change was large, so it may influence prices this week in a positive way (= pushing prices higher)
Palladium
COT Extreme / C, LS – All Time COT extreme /
As you can see, last week we’ve witnessed a significant price decline, so it may be that prices have reached their top already. If so, we shouldn’t be surprised, knowing how extreme the market is. Of course it is also unnecessary to be disappointed if you haven’t entered the trade, in the long term there is still profit to me made on this decline. Question is: are we really over the top? This will be answered only is some weeks’ time, when stress levels change: if they further increase, we may see further strengthening of Palladium, if stress levels start to shrink, we should see the continuation of the decline.
Rough Rice
COT Extreme / C – 1144 report, LS – All Time COT extreme /
What a beautiful extreme we have here Do I really need to write anything --> the charts tell it all For anyone new here, I’ll explain: the cot extreme is HUGE and if you look at the chart, RR usually reacted to these large cot extreme signals. I’m expecting prices to rally soon.
All the best,
Dunstan
the original report
COT charts
The latest Commitments of Traders review is out.
Soybean Meal
COT Change (52W) / C – 27%, LS – 25%, SS – 12% /
Not much to say hear, since we’ve only got a change signal, no extreme. The change was large, so it may influence prices this week in a positive way (= pushing prices higher)
Palladium
COT Extreme / C, LS – All Time COT extreme /
As you can see, last week we’ve witnessed a significant price decline, so it may be that prices have reached their top already. If so, we shouldn’t be surprised, knowing how extreme the market is. Of course it is also unnecessary to be disappointed if you haven’t entered the trade, in the long term there is still profit to me made on this decline. Question is: are we really over the top? This will be answered only is some weeks’ time, when stress levels change: if they further increase, we may see further strengthening of Palladium, if stress levels start to shrink, we should see the continuation of the decline.
Rough Rice
COT Extreme / C – 1144 report, LS – All Time COT extreme /
What a beautiful extreme we have here Do I really need to write anything --> the charts tell it all For anyone new here, I’ll explain: the cot extreme is HUGE and if you look at the chart, RR usually reacted to these large cot extreme signals. I’m expecting prices to rally soon.
All the best,
Dunstan
the original report
COT charts