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 Bias Increased
Speculators net short contracts has incredibly increased from 24201 to 45182 and also small speculators increased their net short contracts from 654 to 5210 short contracts.
COT Indexes has decreased also and COT52 index reached 41.1.
Sterling ——> Still Bearish
Net short contracts of Speculators have decreased from 14133 to 5090 and this shows fears of the traders about Cable short positions.
COT Indexes are rising and making distance from 0 but have to note that sentiment is still bearish as Speculators are still net short.
Aussie ——> Still Bullish
Speculators decreased their net long contract for the second week in a row but this week they decided to decrease their positions massively. Their net long contracts has decreased from 62513 and reached 53497.
COT Indexes also decreased slightly. But overall sentiment is still bullish and as you can see traders still have got many long contracts in Aussie which couldn’t permit the price to fall.
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