This week's CoT report shows asset managers are bullish

Rajan Dhall, MSTA FX Daily

It's a real mixed bag in this week's CoT report.

Asset managers are net-long 367 vs 148 (shorts) and adding to this the shorts were trimmed by 148 and 235 long positions were added.

This is in stark contrast to leveraged funds who are net short 4,553 to 2,237. In terms of the change, short positions increased by 1,417 vs longs which increased by 801.

Bitcoin has had a great week rising 2.13% and this week could be the 3 weekly rise in a row. Since the start of the year, BTC/USD has risen 45% and is showing no signs of slowing down.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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