Based on COT (Commitment of Traders) indicator, it appears that the institutional sellers have been closing off shorts. Not clear if they've been loading up on longs, but a vacuum is being created in the Asks that will lead to an inevitable rise in fibre price imo. Looking at levels, i really like the 1.23 level for an end to this correction before we head down to...
Overview. -This is the Beginning of a Educational Series from Jake Bernstein to the TradingView Community. -Many Traders use the COT Data Incorrectly. -Jake Discovered if You Look at the Net Commercials and Take Note When Commercials net Buying is Either At All Time Highs, Or Net Buying = Longest Period of Buying Look for an Extreme Move To the Upside. -In The...
The US Dollar Index has been rising strongly for most of this year, coincident with a major decline in broad based commodity indexes. However, we are currently seeing signs that the current price level may be the end of this strong run and lead to a major consolidation - likely coincident with a rally in overall commodities. This chart shows the daily Dollar...
We are still in a downtrend. In consideration of the current trend and fundamental situations we can see that the market slows down in its falling and tries to find some momentum on the downside. We have to wait for the next COT report to see how the big traders play. A turnaround for a correction could be very near.
My previous interpretation of this value was that I looked if the potential went lower or higher than previous week for defining a trend. But after watching a bit back in the past it shows more accuracy if the trend is defined by the point 1. If the potential wents from over 1 to under 1 it becomes an uptrend. If the potential wents from under 1 to over 1 it...
We had a lower shorting potential this week but the market did not go up. The COT shorting potential is a very qualitative value for predicting the market direction of the upcoming week. It depends on the relation to the last value. The so called shorting potential is again the second time lower and the commercials are stocking up their long positions....
I made a calculation system which shows the shorting potential of a trading symbol through the COT report which gets released every friday afternoon. The movement for the next week can be calculated fundamentally for getting a value which just tells you the movement if you know the previous value and in this case the value for the next week is lower than the last...