Inline with my expectations 1 1/2 weeks ago we reached my target region of Oil Futures. With this weeks decline the short term COT Indicator should be at 100 and I am rather expecting a strong rebound to 46 Region than a further decline. Closing shorts and waiting on this weeks COT Data to decide if to go long or to wait another week.
Comments
tbuckle
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what does COT stand for? So you think it will bounce to one degree or another tomorrow? Any idea how high it might bounce even if it's not the full bounce to 46?
gunne821
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Commitment of traders.
tbuckle
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Do you think today is a bottom or in th next .10-.40?