Trade77, 21st Nov. COT Report


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 in the guest post.

EUR:
EURO numbers are indicating that speculators are still net long and the overall sentiment is still bullish for the single currency but as we can see in the chart below, small and big speculators long positions were sharply decreased.  Small and big speculators and Commercials are close to the zero line with a great down sloping and up sloping respectively.
In these cases we have to wait for the next week’s numbers to see if there is a turnover and cross over zero is likely to happen or not. So that sharp decrease in long contracts indicates that sentiment is very close to be changed from bullish to bearish for the single currency but for now those numbers are around zero and we are in the “neutral zone”.


Second analysis for EUR contains COT Indexes that I mentioned in last COT series article.

COT52 Index was 100 on 19th October and showed market extreme, this Index decreased in the next week and reached 94.7 and another decreases to 86.2 and 82.3 on 9th Nov. and 16th Nov. respectively.
Therefore COT52 index highly indicates that a market top was formed and now market is in a bearish trend.

USD Index:

Analysis for USD Index shows a great possibility of market turnover as we can see Speculators have crossed the zero line and now they are net long. Also COT index shows increases in it’s number and that is another reason for start of a bullish run.

Aussie Dollar:

COT Index for aussie shows that  COT52 Index has decreased from 5th October and shows that sentiment is now bearish for AUDUSD.

Cable:

Cable shows a great opportunity as COT52,COT26 and COT13 Index was 100 for the last week and now they are 98,96 and 91.2 respectively, highly indicates that is likely to fall more and make a correction on it’s index.
Though we had a sharp decrease in small speculators long contracts yet speculators are still net long.

COT Spreadsheet is now ready, if you want to have this excel file just tweet this in twitter: @caseystubbs @manimohseni #trade77 COT Spreadsheet.

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Regards

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