Three setups go to cash on Monday's open of trading based on the latest Commitments of Traders data.
They are natural gas, crude oil and copper.
See my latest signals table for details on trader positioning for these and the other seven markets I trade using the free weekly COT data from the U.S. Commodity Futures Trading Commission.
Good luck this week.
4 comments:
Hi Alex, what is the best way to trade copper for example?
Based on latest signal (in 4/14, out 4/28) spot market generated loss 1,35%, futures market (May contract) -2,7% and CPER ETF I traded -3.3%. What was your personal experience then?
These differences probably are not considered in your backtest result or am I missing something important?
Thanks for your reply, I like your approach very much.
Alex, are you looking to exit your SPX short position given that commercial hedgers have reduced their short positions back above the -1.2 signal line for 2 weeks in a row (since 20th Apr report)? Given the trade delay of 2 weeks, I assume you will be going to cash on Monday 5th May.
Alex, are you looking to exit your short position on S&P on the open of next Monday (5th May)? Given that commercial hedgers have reduced their short positions back above -1.2 std dev above historical average for 2 weeks in a row and given the 2 week trade delay, I assume you are going to cash next Monday on open.
Hi CSW and Tomas,
Thanks for your comments. Tomas, the SPX signal hasn't gone long because the COT position must first cross the signal line, which is 0.2 standard deviations for a long signal.
CSW, I don't give advice on how to trade signals. Personally, I use JJC for long trades, but I don't have a good vehicle for short copper trades as HKD (the bearish ETF in Toronto) has been delisted. Its volume was also poor.
Regards,
Alex
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