I am back!! After some tough medical issues, I am glad to say I have regained my health and once again trading actively. I wish to continue the weekly updates I have did in the past. The latest Commitments of Traders review is out.
EUR/GBP
COT Change (52W) / C – 60%, LS – 18%, SS – 50% / COT Extreme / C – 24, LS – 6, SS – 235 report COT extreme / Huge change in Traders positions (bullish cot signal) and the stresses in the market are also becoming more and more bullish. I think there is a good chance that EUR could start gaining strength against the GBP.
Mexican Peso
COT Change (52W) / C – 49%, LS – 53% / COT Extreme / C – 209, LS – 209 report, SS – All Time COT extreme / The picture in MXN is bullish. If we look at the recent sudden change in Traders positions (Commercials shifting from net short and becoming long more than 20.000 contracts, LS just the opposite, going from net long to aorung 30.000 contracts net short) and also the extreme (see the chart), there is no question.
USD Index COT Change (52W) / C – 46%, LS – 46%, SS – 18% / COT Extreme / C - 40, LS – 40, SS - 93 report COT extreme / The bearish cot change signal suggests we could see the Dollar loose value and I think this could go on for a few more weeks, possibly months, but there is a bullish extreme in the market and the COTbase Long Term indicator has just turned green. As you can see I did not post FTG scores as I did before, this is because this service that I am using turned it off. This at first might seem bad news, I really liked the confirmation it gave, but luckily they came up with something brand new and exciting. They call it the iCOT Intraday Indicator. I am using it since mid January and the results are truly amazing! Guys, you should check out these videos I found, unbelievable:
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The reason I love it, because they use the COT concept in their Indicator. I know it is not the actual report, but they somehow figured it out and have the cot charts in real time. If you want to know more about it, they have a dedicated page for it: https://cotbase.com/features/icot
What is your cot analysis on the yen it is seems very strong right now.
Ignored
Hi,
I think your feeling is correct, but I might wait a bit more before entering. The COT extreme has become greater thanks to the sudden changes in Traders positions in the latest COT report, but if you look at the 5 years chart, you may see further room for it to grow. Another confirming signal I would be waiting for is the iCOT Indicators BUY signal on a 1 hour chart (see attached). They seem to be spot on. Check the ones where there is a green vertical line. My understanding is that they only occur when both the red and the green line are at an extreme.
It's interesting to see how much COT Index can help analyze the COT Report and find markets with extremes in them.
The iCOT Intraday Indicator seems to be a wonderful supplemental tool as it takes COT Analysis down into the day trading arena. I've attached some great charts from the site showing you it's capabilities. Amazing indicator!
Amazing iCOT analysis on Crude Oil, check out the video! I loved what it can do on my favorite 2 min chart.
Crude Oil (Brent) COT report (Commercials -35% CHNG), Japanese Yen COT report (Commercials -32% CHNG), Heating Oil COT report (Commercials 26% CHNG), Canadian Dollar COT report (Large Speculators 364 Report COT Extreme), Orange Juice COT report (Large Speculators 301 Report COT Extreme), Copper COT report (Large Speculators 234 Report COT Extreme).
A bunch of currencies this week! COT Analysis on Mexican Peso, USD Index, Australian Dollar, Canadian Dollar, EURGBP and the New Zealand Dollar. EURUSD is briefly shown with iCOT Intraday Indicator analysis on 2min, 1h and 4h charts. Great tool by the way, have been using it successfully!
Great analysis on Silver! Silver using COT Index with 30 years lookback showing the entire history of commitments of traders data on Silver. CFTC has not issued a new COT Report on Friday due to Federal Holiday, it will be issued today.
from COTbase: "In the latest COT report review, on the 32nd Commitments of Traders report in 2024, we show you COT charts on the following futures markets: Japanese Yen COT report (Commercials -37% CHNG), Swiss Franc COT report (Commercials -27% CHNG), Corn COT report (Commercials -22% CHNG), EURGBP COT report (Large Speculators All Time COT Extreme), Brazilian Real COT report (Large Speculators All Time report COT Extreme), RBOB Gasoline COT report (Large Speculators 914 Report COT Extreme). Analyzing JPYUSD with iCOT Intraday Indicator with AfterSignal."
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