DOLLAR INDEX Statistics: SPECULATORS | COMMERCIALS
– Percent of OI Longs: 77 | 4
– Percent of OI Shorts: 18 | 75
– Net Position: 34,457 | -41,942
– Gross Longs: 45,189 | 2,157
– Gross Shorts: 10,732 | 44,099
– DXY Level Readings: Extreme Bullish | Extreme Bearish
Scenario A: As mentioned above, a possible rejection could reverse the trend downward.
Scenario B: The dollar rate could consolidate.
Scenario C: The dollar could be driven higher by next week's news.
Recommendation: best to stay on the sidelines for now, as the areas are dangerously crowded for speculators."
– Percent of OI Longs: 77 | 4
– Percent of OI Shorts: 18 | 75
– Net Position: 34,457 | -41,942
– Gross Longs: 45,189 | 2,157
– Gross Shorts: 10,732 | 44,099
– DXY Level Readings: Extreme Bullish | Extreme Bearish
Scenario A: As mentioned above, a possible rejection could reverse the trend downward.
Scenario B: The dollar rate could consolidate.
Scenario C: The dollar could be driven higher by next week's news.
Recommendation: best to stay on the sidelines for now, as the areas are dangerously crowded for speculators."
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