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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (39385)	1/12/2018 8:32:08 AM
From: Goose94	Respond to of 203667

Silver: “When watching COT levels each week, what is important to me is the trend in the positions that Commercials and Large Specs hold. But what is also important to me is when extreme positions occur.” A week later, as the chart below shows, silver peaked at $18.65 and started a slide that took prices to $14.34 at the low in early July. Figure 1: Silver Continuous Contract This reaffirmed my belief that it is important to pay close attention to COT data, especially when it is making new 52-week or all-time record readings. Today, crude oil COT data is at an extreme, meaning it is time to pay attention. The chart below shows that Commercials are at a new 52-week-high in the number of net short futures contracts they hold, while Large Speculators (aka managed money and hedge funds) are at a 52-week-high in the number of long contracts they hold. Tim Taschler