Dunstan

Hi everyone, The latest Commitments of Traders review is out. Lean Hogs COT Change (52W) / C – 25%, LS – 17%, SS – 30% / COT Extreme / SS – All Time COT extreme / Both major cot signals are indicating higher prices on the horizon… We have a bullish cot change signal, an all time bullish cot extreme is Small Specs (LS and C are not at their all time extremes, but definitely closer to their bullish extreme) Russel-2000 COT Extreme / C, LS – 477 report COT extreme / VERY interesting picture here… Prices near all time highs, but at the same time, we have a bullish cot extreme. Mexican Peso COT Extreme / C - 223, LS – 223 report COT extreme / Prices are unable to go any higher, but we are not that surprised, when we have a 223 report bearish cot extreme. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Cotton COT Change (52W) / C – 20%, LS – 20%, SS – 16% / Only the change in Traders positions is what we can act upon: the signal is bearish. It is not backed by the cot extreme signal, so maybe not the best signal, but still good to know. Euro COT Extreme / LS – 330 report COT extreme / Pretty large bearish cot extreme in Euro, but caution is advised, this could go on longer… Rough Rice COT Extreme / C - 304, LS – 311 report COT extreme / Pretty nice bearish extreme in Rice… If you trade rice and you see opportunity on the downside, it’s good to know that the cot report is backing you All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. S&P-400 COT Change (52W) / C – 16%, LS – 7%, SS – 23% / We have a bullish cot change signal in a bearish cot extreme place:) Ok, this level of extreme has been in the market for over a year now and nothing really happened, prices continued their rise. Dow Jones-30 COT Extreme / C, LS – All Time COT extreme / Huge, never seen before bearish extreme in this market! Still… I advise caution here: bullish extreme in russel, Nasdaq and can’t see any significant bearish extreme in s&P. Sugar COT Extreme / C, LS – All Time COT extreme / This market seems to be giving us a good investment opportunity. I used the term “Investment”, because the report suggests a shift in the trend. Prices are likely going to move higher. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Dow Jones-30 COT Change (52W) / C – 36%, LS – 34% / COT Extreme / C, LS All Time COT extreme / Ok, now this may be a trap… If you scram your analysis, you might go short right away: Huge bearish cot change signal accompanied by a all-time bearish cot extreme signal. But (!) Price has fallen last week already, so the change signal is late. The extreme signal has to be back checked by the rest of the gang --> S&P, Nasdaq, Russel. Because of the significant correlation between these markets, it’s always important to analyze them all. Natural Gas COT Extreme / SS – 194 report COT extreme / Here we can see a great example for Small Speculators cot extreme signal. 194 report extreme… ok, not an all time, but still pretty large. Have a look at the chart and see how well these extremes signaled bottoms in the price. New Zealand Dollar COT Change (52W) / C – 15%, LS – 17% / COT Extreme / SS – 177 report COT extreme / Small speculators are still supporting further declines. In the near term the bullish cot change signal suggest a bit of a rise. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Canadian Dollar COT Change (52W) / C – 12%, LS – 14% / COT Extreme / C – 234 report COT extreme / Bearish cot change signal combined with a bearish cot extreme signal. We should start searching for short opportunities. Mexican Peso COT Extreme / C - 216, LS – 216 report COT extreme / Not surprisingly we have very similar situation in the Mexican Peso… USD Index COT Extreme / C – 172, LS – 172 report COT extreme / Large specs are net short! Check the chart to see what happened in the past every time they became short. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Corn COT Change (52W) / C – 26%, LS – 24%, SS – 12% / Without any extreme present in the market, we have only got the cot change signal that can guide us in our trading. The cot change signal is bearish and since prices were going higher last week, it is a bit easier to act upon the signal. Platinum COT Extreme / C - 414, LS – 422 report COT extreme / Stress levels have been building up towards the bullish side for over a year now. They have reached a level that we haven’t had for the last 8 years now. Is this the time to enter long? Cautiousness is advised, extremes can grow for many weeks, months before we see a change in the trend. New Zealand Dollar COT Extreme / C – 217, LS – 219 report COT extreme / Such a beautiful picture we have here! Huge bearish cot extreme when prices are near resistance levels --> may be a good trade, who knows... All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. New Zealand Dollar COT Change (52W) / C – 52%, LS – 54%, SS – 10% / COT Extreme / C - 214, LS – 213 report COT extreme / Huge change in Traders positions + large bearish cot extreme signal --> cot report is supporting lower prices. Sugar COT Extreme / C - 527, LS – 513 report COT extreme / What a beautiful picture we have here… Dynamic decline since mid 2016, now a very large bullish cot extreme. Caution is advised, since the picture would not change dramatically if prices got further down, while the extreme widens more. Wheat (Kansas) COT Change (52W) / C – 26%, LS – 30%, SS – 44% / COT Extreme / C – 326, LS – 335 report COT extreme / Similarly to NZD, we have both major cot signals backing a decline. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Heating Oil COT Change (52W) / C – 24%, LS – 19%, SS – 30% / COT Extreme / C - 60, LS – 56 report COT extreme / Both of our main cot signals are indicating a price movement upwards. Live Cattle COT Extreme / C, LS – All Time COT extreme / Here we have an unquestionable large cot extreme signal (all time large) that is telling us prices may not continue their rally for too long. Euro COT Extreme / LS – 317 report COT extreme / Prices fell last week --> does this mean we have reached a top? The cot report definitely supports a move downwards. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Australian Dollar COT Change (52W) / C – 32%, LS – 28%, SS – 22% / Both cot signals are bullish: we had a large change in Traders positions (this may have come a bit late / prices have already been rising the past week) and we have reached a relative bullish extreme. Natural Gas COT Change (52W) / C – 17%, LS – 17% / COT Extreme / C, LS – All Time COT extreme / Stress levels have never been as high as they are now, we should expect prices to fall in the next couple of months. Canadian Dollar COT Extreme / C, LS – All Time COT extreme / Have we reached a bottom? Last week prices have gone higher. If they can finish this week with the same result, we can speculate that the cot extreme signal has taken its effect. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. British Pound COT Change (52W) / C – 44%, LS – 46% / The large change in traders positions is a bearish signal for us, but it is important to see the bigger picture. The last major extreme was an unquestionable bullish cot extreme signal and it is obvious that price have gone higher since. There is a long way to go to reach bearish extreme levels, so I would think that prices can go lower, but the main signal to follow is still the bullish extreme! Canadian Dollar COT Change (52W) / C – 27%, LS – 33% / COT Extreme / C, LS – All Time COT extreme / Wow, what a bullish situation in the Canadian Dollar! Both of our main cot signals are very bullish: large change in Traders positions AND an All Time cot extreme! Does anyone need more than that?? Platinum COT Extreme / C - 405, LS – 406 report COT extreme / Very large bullish extreme here with possibly a good risk/reward trade opportunity due to the fact of close support levels. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Rough Rice COT Change (52W) / C – 29%, LS – 31% / Large bullish cot change signal (largest in the last 52 weeks) which could easily halt the decline in prices. Longer term picture? Last major extreme was bearish (last report), so we could see further decrease in prices. Wheat COT Extreme / C, LS – All Time COT extreme / Further price increase expected in this market! Live Cattle COT Extreme / C, LS – All Time COT extreme / The cot extreme signal is very obvious, but caution is advised: prices can continue their rise for a couple more weeks (or even months) and the extreme will most certainly become even larger. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Mexican Peso COT Change (52W) / C – 24%, LS – 26% / COT Extreme / C, LS – 134 report COT extreme / The cot change signal may have come a bit late, but with the cot extreme picture supporting a decline, we may still consider the opportunity arising in this market. Live Cattle COT Extreme / C, LS – All Time COT extreme / Here we have an easily readable situation, the picture is crystal clear. Maybe not right away, but going short sometime in the near future may look like a reasonable decision. Natural Gas COT Extreme / LS – 527 report COT extreme / LS have not been so bullish in Natural gas for approximately 10 years. Although not an all time cot extreme, but still pretty significant not to take a closer look at. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Mexican Peso COT Change (52W) / C – 41%, LS – 44% / A very large cot change signal at a good resistance level. If you thing that the downtrend should continue, this may be a good opportunity to get in. British Pound COT Extreme / C, LS – All Time COT extreme / Huge All Time cot extreme signal, but caution is advised, the extreme can widen further. Sugar COT Extreme / C – 52, LS – 51 report COT extreme / If you are considering going long in this market, it’s good to know that the cot report is backing the trade. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. New Zealand Dollar COT Change (52W) / C – 31%, LS – 32%, SS – 5% / Without any help from the cot extreme picture (more or less neutral), we can only use the signal coming from the large change in Traders positions to help us in our trading decision. The signal is bullish, may affect prices early this week. Cotton COT Extreme / LS – All Time COT extreme / The cot extreme widened further, which means that the chances of prices turning down is increasing. Cocoa COT Extreme / C – 254, LS – 721 report COT extreme / LS and C are definitely backing a higher prices are coming thesis, but it would be so nice if SS were also heavily pessimistic on Cocoa All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Wheat COT Change (52W) / C – 32%, LS – 32%, SS – 21% / Large bearish cot change signal and I think we have a relatively good bearish extreme as well (77 report extreme) that could signal further decline in Wheat. On the long run, I’d be more careful, since there has been a significant bullish extreme in the market for a pretty long time. Crude Oil COT Extreme / C, LS – All Time COT extreme / Are prices able to go any higher? The cot report suggests that the answer to this question is: NO! But since we are talking about Crude Oil and we know that all time cot extremes can stay in a market for many weeks, we should be careful. Cotton COT Extreme / C, LS – All Time COT extreme / The cot extreme signal is clear, we may expect lower prices coming here. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. RBOB Gasoline COT Change (52W) / C – 23%, LS – 21% / Bullish cot change signal, but coming a bit late, prices have already jumped higher. The cot extreme is not that clear either, so I’d rather stay out of this market for now. Cocoa COT Extreme / C - 243, LS – 657 report COT extreme / Holly Sh*t! Now that is serious decline… Although we have got this very large COT extreme signal (bullish of course), we need to be careful: this extreme can easily become even larger the next couple of weeks, before we reach a bottom. Nevertheless, it is a great market that is providing us with trading opportunities, so let’s keep an eye on Cocoa! Live Cattle COT Extreme / C, LS – 112 report COT extreme / Bearish cot extreme here. I wouldn’t jump in here, but if you are a regular LC trader than it’s good to know that the cot report supports lower prices for now. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Oats COT Change (52W) / C – 20%, LS – 21% / Cot change signal indicating that prices may drop early this week, but the wider picture (last major cot extreme being bullish) shows that prices could easily continue their rally. Crude Oil COT Extreme / C, LS – All Time COT extreme / No change from last week. S&P-400 COT Extreme / C, LS – All Time COT extreme / No change from last week. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Soybean Meal COT Change (52W) / C – 26%, LS – 22%, SS – 42% / After a dynamic increase in prices during the last two weeks, we shouldn’t be surprised to see such a sudden change in Traders positions. The signal of course is bearish, but the cot extreme shows us that we can reach even higher prices the next couple of weeks, months. Crude Oil COT Extreme / C – 133 report, LS – All Time COT extreme / Huge bearish cot extreme signal. Will this mean a top? The last time we were at such extreme levels, prices started to fall. Caution is advised: it would be too simple to expect history to repeat itself exactly the same way. I would be prepared for further increases. S&P-400 COT Extreme / LS – All Time COT extreme / Have a look at other indexes before entering short just because we got an all time cot extreme signal here. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Wheat (Chicago) COT Change (52W) / C – 30%, LS – 37%, SS – 36% / Prices have not gone much higher since the first report came out, and we’ve just received another bearish cot change signal, this time an even greater one. Traders are dynamically moving the market towards it’s bearish extreme. Although in the long run, I am expecting much higher prices to come, there may be a reaction in the market. Cotton COT Extreme / C, LS – All Time COT extreme / The picture here seems to be pretty obvious: we have an all time cot extreme in the market, so we should be prepared for a change in the trend. Cocoa COT Extreme / LS – 236 report COT extreme / The last time Large specs were net short, price of Cocoa was at a bottom. Although the extreme can further widen, become larger, I think that this opportunity should be carefully analyzed. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Wheat COT Change (52W) / C – 21%, LS – 17%, SS – 11% / If you look at the 5 years long chart, you can see that maybe, just maybe the bullish cot extreme that has been present in the market for many many months now is taking an effect on Wheat. I can imagine that we might have reached a bottom and we will see further increases in prices, but the cot change signal that we got now suggests a bit of a reaction downwards. Heating Oil COT Extreme / C, LS – All Time COT extreme / Since the last major bullish cot extreme, prices have gone dynamically higher. The recent report shows us that Traders have gone from their most bullish extreme levels to their most bearish extreme. We may have reached a top! S&P-400 COT Extreme / C, LS – All Time COT extreme / Stress levels at record highs, but what do the other indexes show? Because of the significant correlation between indexes, such signals should be dealt with caution. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Wheat COT Change (52W) / C – 40%, LS – 28%, SS – 34% / I’m still on the sidelines here… Cotton COT Extreme / C, LS – All Time COT extreme / No change from last report. Copper COT Extreme / C – 681 report, LS – All Time COT extreme / Huge, all time cot extreme here that developed very fast. I think this is a good signal that we can act upon. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Wheat COT Change (52W) / C – 30%, LS – 30%, SS – 8% / We have a 30% bearish cot change signal – I wouldn’t act on it – and a cot extreme picture showing bullishness… I’d step aside from this market for now. Cotton COT Extreme / C, LS – All Time COT extreme / Although we’ve got an all time cot extreme, I’m not that confident that cotton will change it’s path for now. I will wait for further increase in the stress level. Russel-2000 COT Extreme / C, LS – All Time COT extreme / All Time cot extreme in all major participants positions, but trading indexes these days is risky business. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Wheat COT Change (52W) / C – 35%, LS – 29%, SS – 5% / Bullish cot change signal and a relatively bullish extreme in the market, so we can state that the cot report definitely supports higher prices. Soybean Oil COT Extreme / C – 1370 report, LS – All Time COT extreme / The picture is crystal clear: we have an all time bearish cot extreme --> expect a top soon. Nasdaq-100 COT Extreme / C – 619 report, LS – All Time COT extreme / A very large bearish cot extreme here, but before any sudden moves, I advise you to check the other indexes as well. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. USD Index COT Change (52W) / C – 41%, LS – 46%, SS – 1% / The change in traders positions was huge! This could mean that the dollar index will fall a bit beginning of this week. The cot extreme does not show too much. I would say that it supports the continuation of the rise. Heating Oil COT Extreme / C,LS – 189 report COT extreme / We have a very clear bearish cot extreme signal, but caution is advised, since we can easily see further increases in stress levels before the actual top comes. Crude Oil COT Extreme / C - 116, LS – 117 report COT extreme / Similarly to Heating Oil (of course not unexpectedly due to the natural correlation between these markets), we have a bearish cot extreme that is large enough to be taken into consideration in our trading. All the best, Dunstan COT Charts

Hi everyone, The latest Commitments of Traders review is out. Copper COT Change (52W) / C – 35%, LS – 31%, SS – 26% / Although the cot change signal indicates that prices could jump up now, because of the strength of the bearish cot extreme that we had, I think we should be cautious with any buying now. S&P-500 COT Extreme / LS – All Time COT extreme / The picture did not change from last week, let’s be patient! Dow Jones-30 COT Extreme / LS – All Time COT extreme / The third index to have all time cot extreme in Large speculators positions. This definitely strengthens the cot extreme signal in general for indexes as a whole. All the best, Dunstan COT Charts