Ever wonder what the smart money is doing in the markets? You don’t need to pay big bucks to find out. Just read the Commodity Futures Trading Commission’s free weekly Commitments of Traders report. The CFTC’s COT data is a Holy Grail of market info, listing trillions of dollars in positions in 200+ markets – gold, crude oil, natural gas, silver, forex, equity indexes and lots more. My trading system, which I posted about here for seven years, gave weekly trading signals based on the COT data.
Thursday, 24 July 2008
Updates: Vacation & Temporary New Crude Oil Setup
I'll be traveling for a few days, so the next two weekly signals updates will arrive sometime during the weekend, rather than the usual Friday afternoon. I'll write a shortened post about the coming Commitments of Traders data release when I've had a chance to update the latest signals page table. Also on that page, you might notice I've updated the information for my crude oil trading setup. I've been studying various new setups for crude that combine the best signals from two groups of traders and have come up with a (possibly temporary) replacement for my existing signal. Like the old one, this new setup is bullish. I haven't had time to do a few final checks for even better setups, but so far the one I've got up on that table looks like the best one to me. I'll complete my study when I get back and will write another post on what I come up with. Good luck this week and next!
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