COTs Timer: Crude Oil Goes to Cash

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.

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About This Site

I am an active trader and award-winning investigative journalist based in Lac Brome in Quebec's Eastern Townships, just outside Montreal. I have written about investing and business for The Montreal Gazette, Investor's Digest of Canada, Technical Analysis of Stocks & Commodities, Futures & Options Trader, The Financial Post and others. I am not a certified financial advisor and am still refining my COTs Timer system. Please see more disclaimer information below. See my complete profile at the "Intro to COT" link above.

DISCLAIMER

I created this blog to record my personal, subjective observations about the markets, solely for my entertainment and that of interested readers and to foster research. Nothing on this blog should be construed as financial advice or an offer or recommendation to purchase or sell any security. I encourage anyone interested in the markets to do your own homework and/or consult a professional advisor. I am not a certified financial advisor and am still refining my trading system. I reserve the right to modify or stop publishing aspects of my system at any time or to delay updating my tables for whatever reason, or I may not do so in a timely manner. My system has resulted in very large drawdowns in some trades. Past backtested and real-time results are no guarantee of future performance. I will not be liable for any losses or damages of any kind that result from the content of this site. Although I consider the data, calculations and information on this blog to be reliable, I can't make any guarantees and won't be held liable or responsible for anything erroneous on this website. You are solely responsible for implementing safeguards of your data and system when you use this site and its content and links. It is up to the user of this site and content to protect yourself from worms, trojan horses, viruses and the like. I may hold positions in some of the securities mentioned in this blog.