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.
Sterling ——> Still Bearish
We can see a little change in the positions for Cable; Speculators net short contracts have increased 7% which shows they added 1000 more net short contracts.
COT13 Index remained 0 for the second week in a row and this could be an indication of a retracement upward move in the short term outlook.
Kiwi ——>End Of Market Extreme
Market extreme is now finished and bullish sentiment is going to resume its impact on the market.
Speculators have increased around 2600 net long contracts which is near 30% growth.
COT Indexes are rising again and this could be another indication of “Bullish Bias is Back”
Speculators finally decided to decrease some of their long contracts and we can see they decreased around 2000 net long contracts but it’s not important because still there are 62513 net long contracts on this pair.
However Queensland’s flood was a good excuse for the COT Indexes to correct themselves a little bit, sentiment remained bullish for the Aussie.
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