Sunday, 4 April 2010
Crude Oil Goes to Cash
I've just updated my latest signals table with the data from the latest Commitments of Traders report. My trading setup for crude oil goes to cash on the open of this coming week's trading, then goes bearish on April 19. That's the only new signal, but the data for the other setups shows some other interesting new developments, including a significant increase in bearishness of the large speculator and small trader total open interest in the three-month Eurodollars. This data correlates strongly with the BKX U.S. Bank Index. Sorry for the truncated report this week. Hope you have a good Easter weekend, and good luck this week. Check back in in a day or two for an update to my portfolio page.