Trade77; COT Report of The Week 3rd Jan.


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 ——> Bearish
Speculators net short contracts has greatly increased from 14093 to 26479. It’s almost doubled and it shows sentiment is now changing from neutral to bearish. Small speculators are net short at last and they have considered to go short early in 2011.
COT Indexes has decreased a little bit and COT52 reached near 56 and shows still there is much room for the bearish trend.
COT13 Index has reached “0” and is indicating price might retrace a little bit.

Sterling ——> More Bearish Bias

Strange thing here is the number of Speculators net short contracts has increased form 7432 to 13121; almost doubled the same as EURO contracts. Small speculators are still short and their contracts also increased greatly which shows Cable bears are going to get the strength they need to break 1.5350 to the downside which will categorical lead the price to around 1.4800.
COT Indexes remained unchanged.

Kiwi ——> Still Bearish

Figure above is my last COT Index report for Kiwi which I posted on 28th Dec. and I called a retracement move on this pair. I didn’t get overwhelmed when I saw that bullish move on Kiwi because speculators were still long and they are also net long but after that market extreme I called it needed to retrace some.
Speculators net long contracts has increased a little bit and also COT13 Index is now 8.3.

King Aussie ——> Still Bullish

Speculators or Cowboys? Yes! they increased their long contracts and have reached 64316 net long and this is awesome.
COT Indexes are around 85 for all 13, 26 and 52 days and they are showing that a possible turn is really near.
So I recommend to everyone not to go short now and wait for confirmations.

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