USD INDEX Statistics SPECULATORS | COMMERCIALS
– Percent of OI Longs: 80.5 | 3.1
– Percent of OI Shorts: 11.8 | 80.6
– Net Position: 35879 | -40442
– Gross Longs: 42010 | 1634
– Gross Shorts: 6131 | 42076
– COT Index Reading: Extreme Bullish | Extreme Bearish
Scenario A: Wait for the bears market to turn into a bull market following the major trend, along with testing of the rejection zone.
Scenario B: Bears could slight break rejection zone testing 20.874
Scenario C: Breakout from the rejection zone and continue the downwards movement (Invalid analysis).
Recommendation: Let the price at least test the rejection zone and FAIL before looking for a longing opportunity
– Percent of OI Longs: 80.5 | 3.1
– Percent of OI Shorts: 11.8 | 80.6
– Net Position: 35879 | -40442
– Gross Longs: 42010 | 1634
– Gross Shorts: 6131 | 42076
– COT Index Reading: Extreme Bullish | Extreme Bearish
Scenario A: Wait for the bears market to turn into a bull market following the major trend, along with testing of the rejection zone.
Scenario B: Bears could slight break rejection zone testing 20.874
Scenario C: Breakout from the rejection zone and continue the downwards movement (Invalid analysis).
Recommendation: Let the price at least test the rejection zone and FAIL before looking for a longing opportunity