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COT Analysis for Reporting date July 22nd - Last Issue
This will be the last issue of the COT report on behalf of OrderflowTrading. We have recently enhanced our business structure, and are now a Trading Academy that develops/searches for top trading talent for our Proprietary Trading firm, Predator Trading Group. In order to continue viewing our proprietary reports, feel free to pop onto our site.
The COT report is a very useful but overlooked sentiment indicator. The way we use it at OrderFlowTrading helps us attain a longer term perspective on major capital flows, as well as a read on how overextended certain markets may be. It is part of a larger arsenal of sentiment indicators that we use.
Recent developments:
- DXY: Specs still long, printing a strong week for the USD.
- Amongs the comm-dolls, last week we saw interest return to Aud and longs back in Cad.
- Amongst European FX, we saw a loss of interest in Gbp and an increase of short interest in Eur.
- Amongst Safe-Haven FX, we saw more interest in Chf (short) and longs back in Jpy.
- Speculative interest is highest in Aud overall and lowest in Eur overall.
- Most crowded trades: Nzd(FX), Crude (Commodities).
Comments & most intersting charts:
- The Aussie has attracted more interest last week, and has also closed with a pin-bar. However, the upper/lower bounds of the recent range have not been stressed so we cannot derive any significant signal from this close. The Aussie remains crowded and extreme...but price has not yet confirmed a shift to the downside.
AudUsd Weekly chartSource: Tradingview.com
- YM is consolidating at recent highs. We have closed with an inside week but unless we get some material break to the downside, there is no real news to report.
YM Weekly chart
Source: Tradingview.com
In other news:
- The Euro has been hit hard once again last week. Sentiment is very bearish.
- Cad surprizingly continues to attract interest, even though the spot price has taken a hit.
- Chf continues to attract interest as well.
To sum up: keep a lazy eye on AudUsd and YM. Not much else to report.
This will be the last issue of the COT report on behalf of OrderflowTrading. We have recently enhanced our business structure, and are now a Trading Academy that develops/searches for top trading talent for our Proprietary Trading firm, Predator Trading Group. In order to continue viewing our proprietary reports, feel free to pop onto our site.
The COT report is a very useful but overlooked sentiment indicator. The way we use it at OrderFlowTrading helps us attain a longer term perspective on major capital flows, as well as a read on how overextended certain markets may be. It is part of a larger arsenal of sentiment indicators that we use.
Recent developments:
- DXY: Specs still long, printing a strong week for the USD.
- Amongs the comm-dolls, last week we saw interest return to Aud and longs back in Cad.
- Amongst European FX, we saw a loss of interest in Gbp and an increase of short interest in Eur.
- Amongst Safe-Haven FX, we saw more interest in Chf (short) and longs back in Jpy.
- Speculative interest is highest in Aud overall and lowest in Eur overall.
- Most crowded trades: Nzd(FX), Crude (Commodities).
Comments & most intersting charts:
- The Aussie has attracted more interest last week, and has also closed with a pin-bar. However, the upper/lower bounds of the recent range have not been stressed so we cannot derive any significant signal from this close. The Aussie remains crowded and extreme...but price has not yet confirmed a shift to the downside.
AudUsd Weekly chartSource: Tradingview.com
- YM is consolidating at recent highs. We have closed with an inside week but unless we get some material break to the downside, there is no real news to report.
YM Weekly chart
Source: Tradingview.com
In other news:
- The Euro has been hit hard once again last week. Sentiment is very bearish.
- Cad surprizingly continues to attract interest, even though the spot price has taken a hit.
- Chf continues to attract interest as well.
To sum up: keep a lazy eye on AudUsd and YM. Not much else to report.
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