Trade77; COT Report of The Week 28th Dec.


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
COT Reports are weekly articles and if you have any questions about numbers and indexes in this section please have a review on the past articles about sentiment and COT reports here.

Euro ——> Neutral
Speculators net short contracts had decreased from 15290 to 10304 and now for this week we can see that net short contracts has reached 14093 which shows near 4000 added net short contracts.
COT Indexes almost remained unchanged and the whole analysis shows sentiment is still bearish but traders are absolutely dubious which is a reason for range trading.

Sterling ——> Still Bearish

Almost nothing has changed from past week and the overall sentiment is still bearish for Cable.

Kiwi ——> Bearish Bias Increased

Speculators are still net long but their net long contracts has sharply decreased from 12521 to 7366 and this is an indication of more bearish bias for Kiwi.
COT13 Index is still zero and we might see a small correction in this week to let it get distance from zero.

King Aussie ——> Still Bullish

Yes write it from now King Aussie! Very strong these days and also very very overvalued.
Speculators have swarmed massively to long this currency pair. They have got almost 60,000 net long contracts and the strange thing here is “We have no market extreme yet”.
COT Indexes are very close to 100 and until they have not reached there then any swing short trades might be harmful.

Some traders have asked me about why I haven’t written COT report for JPY,CHF. I have to note that if we had market extremes and any great signals then I would write it in my weekly COT report.

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Regards

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