COT Data is signaling that Wheat Futures ( CBOT:ZW1! ) are ready to pop after a few months of declines and chop
As it currently stands, this is the shortest the Large Speculators have been on Wheat since 2020 where it bottomed at 589'4 to rally all the way as high as 1422'0. By no means do I expect a similar rally to ensure, but this does illustrate how oversold...
COT Data is pointing to the Euro ( CME:6E1! ) to continue its fall after seen a brief rally
For the last couple months, the large speculators have been accumulating so much Euro that is is becoming over-crowded (See the green line in the NET COT FO graph on the weekly chart). A small catalyst could send this currency back into a downward spiral, fueled by the...
This is a great example of how to trade the COT Index and Net positioning - Commercials for crude oil are almost always net short (Think of all the big oil companies hedging their product) but in this instance, they are less net-long than they have been in quite some time (Not since November 2016). Look on the daily chart for an entry - be patient - remember your...
looking at the chart we have marked out key levels with active Options strike prices supported with high volume and open interest. We plan to observe how price reacts at 1.3300 and 1.2500 levels prior the the expiration of these contracts. In terms of price action , Cable still maintains an upward trajectory in line with non-commercial sentiments and seasonal...
Strengthening of bond yield spreads in favor of CAD bonds and bearish seasonal outlook provides a strong case for shorting the pair. Market sentiments still lags this set up.
The charts is detailed enough. The market sentiments is still a driving factor for the Aussie within the backdrop of storng bond yields. We need to be mindful of the monthly high levels that may provide strong resistance as well as seasonal patterns
