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COT

EURUSD finding supportThis weekly chart of the EURUSD may be a bit cluttered but the EURUSD is showing some mixed signals and requires a bit more detail to try to understand the potential trend. Using the Larry Williams COT Index we see that USD Commercial Interest is at extreme lows, indicating a potential for selling of the USD to step in. However, these extreme levels could be held for some time. The EUR on the other hand has come off extreme lows but is still working its way to wards the buy zone and more selling can be expected. The sum of the Open Interest for the EUR and USD has shown low interest during the decline. Now we see increased volume on the up waves showing signs of strength coming in. The net commercial COT (EUR-USD) (green line with scale on left axis) has shown a similar decline and is still showing a downward trend. The OBV (red overlay on chart with no scale) for the broker volume has shown effort with the up volume without response (price still slowly trending down) or divergence between price and the OBV indicating continued weakness. The volume profile indicates a significant volume cluster between 1.16 and 1.18 providing resistance and sellers are still in the market. On the down site there is a significant point of control at 1.12 which is to the top of the Wyckoff accumulation range established between March 2015 and December 2016. From this my view is that the current down trend is a backup to the creek (Trading Range) and could find support at 1.12 before going into markup in Phase E. So in the short term I am expecting a final drive to the support level at 1.12 in the next month or two. After that the Markup could potentially start and break the long-term downward stride of the EURUSD.
Short
by SteynTrade
Long-term Platinum AnalysisThe chart shows that the price of platinum is at a very low level, according to the COT report analysis, it shows that compared to the previous publication, the number of open sales positions increased, but it is much smaller activity of sellers than in previous reports. This may mean that the downward trend is coming to an end. An additional factor to buy can be the fact that the price is at an important level of support. This in combination with COT reports is a good basis to buy. Warning This is a long-term forecast, it does not mean that the increase will take place immediately. In the case of long-term investment, I encourage you to use ETFs, for example PPLT.US (ETFS Physical Platinum Shares)
TVC:PLATINUMLong
by Suminski
$CADJPY short- Trading the Opec Campaign into 22nd JuneLast week options volume pointed at increased downside protection. Which translated into a yen rally or cadjpy drop. This theme is still in play on top of that. opec is relaxing supply cuts and thus driving oil lower over the coming month, which will drag CAD$ with it. I line with that we had a weekly bearish engulfing bar pointing at 82-80 area. For more free educational material and free Trade of the Week visit SpeculatorsTrading
Short
by SpeculatorsTrading
most recent update for gj long idea.hello all here we see gj is starting a clear long pattern. to hit the upside 618 fib to give a two time hit of the top and bottom symmetrical triangle or pennant if you like that. i have used mfi, support and resistance, a special cot indicator, triangle pattern, and double bottom for my theory. Therefore as the triangle is tightening we may only see a move to the 6.18 so we need to be careful on this trade. if it breaks out it will only be in my opinion to form a lower high and to add resistance areas. we will need to see a clean break for a long term long or short before we get crazy. HAPPY TRADING.
Long
by JohnnyFBrensinger
US Dollar No DemandThe US Dollar has been in distribution with large speculators unwinding their net long positions (COT Report) that had been building since mid 2000. Currently the longs and shorts are matching each other and there is no commitment in the US Dollar. The volume signature has also decreased. The correlation with the 10 year bond yields has also shown a significant divergence especially since the start of 2018. Bond yield are increasing but this has not stimulated investment into the Dollar. If this bond yields continues to rise it could stimulate investors as the benefits could out-way the risk. With all the uncertainty in the market large speculators are playing the waiting game. However, when there is a contraction in a market a big move can be expected and when the large players have clarity on which side they are committing we can ride the wave with them. The divergence in bond rate differentials can be seen in dollar pairs and could create opportunities when correcting.
DShort
by SteynTrade
2
Silver: Very interesting junctureMonthly and daily charts show Silver is oversold here, and turning up...The confluence of technical signals and contrarian potential of this trade make it extremely interesting and definitely worth a try. If our long positions work, we could end up riding a massive uptrend to $25+-, or even higher, provided we first go higher and break above the monthly modes on chart, to eventually signal the uptrend to $25+ as per the chart. This signal isn't yet active, but is within the realm of the possible and logical. I'd reccomend keeping some exposure to gold and silver, specially now, given the charts and sentiment. Best of luck, Ivan Labrie.
FX:XAGUSDLong
by IvanLabrie
15