Hi everyone,
The latest Commitments of Traders review is out (here).
New Zealand Dollar
COT Change (52W) / C&LS 22% /
The latest cot report shows us that both the change in trader’s positions and the extreme in the market are painting a bullish picture. If we look at the longer term charts, we can see that NZD nicely reacted to these extremes. We may need to wait one or two more weeks, before the bottom develops, but it’s definitely getting closer.
Australian Dollar
COT Extreme / C, LS & SS – All Time COT extreme /
The extreme is more evident here than in NZD. The COT report shows us that all major players in the market are at their all time extreme level. The picture is very bullish.
British Pound
COT Extreme / LS – All Time COT extreme /
Seems that the cot extreme that developed a few months ago and which started to push prices higher is still widening. Prices should continue their rally.
I wish all of you good luck to this week’s trading,
All the best,
Dunstan
the original COT report --> here
COT charts --> here