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BIG MOVERS
This table shows financial instruments that had a 15% change in its non-commercial net position from one week to another, so things that are gaining momentum and should give us opportunities to trade with a direction in mind.
GBPUSD – BEARISH BIAS
We have an RSI Signal, but also the first time in almost 16 weeks that we had shorts being added for more than one week, so this could be very much the reversal of this trend.
- +15% add in short positions
- RSI Sell Signal
COT CHARTS
Last Signals
As you can see the RSI Signal is not good at timing the entries, but at least spots very well some trend changes. So I am not entering right now, I will wait for the next demand/supply zone So I can open a short with a cheaper stop-loss.
GBPNZD – BEARISH BIAS
This is the second failed attempt of big speculators to become net long on GBPNZD.
- RSI SELL SIGNAL
- ANOTHER FAILED ATTEMPT TO BECOME NET LONG
Net Long Change Failed
COT CHARTS
This repeating pattern plus RSI sell signals gives us an edge and while this scenario does not changes I will play shorts on GBPNZD. I already have a short position and I will look to add as the trade is developing, is not an exaggeration to have 1.84 as a target for this. So do, as usual, if demand zone breaks, wait for the pullback, add another position and move stop loss to above the demand zone that now is supply.
NATURAL GAS – BULLISH BIAS
NATGAS triggered one of my favorites signals, “Possible Bottom”, I showed how this works in this post. This is a very reliable signal and also for those who like “technicals”, the price is at an interesting buying zone.
COT CHARTS
NET POSITIONS
I am already LONG NATGAS as you can see here. I don’t think this will be a massive rally, but enough to make us some money this week.
COFFEE – BEarish BIAS
As you all know the soft commodities are always commented inside the chatroom only. That’s it my friends! I hope this can add value to you in some way. If you have any kind of doubts or questions please comment here, I am looking forward to replying to you.
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I hope you have a great week of trading
My best regards,
Leo Hermoso
