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 ——> Bullish!
Strange! Speculators positioning has changed dramatically and now they are net long! They had around 45000 net short contracts and now they have 4109 net long contracts! It’s strange isn’t it?
So the bias has changed completely and now bulls are going to show their power to the bears.
Sterling ——> Bullish
I talked about speculators fears about Cable short contracts as they decreased their short contracts, now they are net long just the same as EURO contracts but we have to see more long contracts in order to assume that sentiment is clearly bullish.
COT Indexes are near to a market extreme but not yet.
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