Weekly Market Outlook: Commitment of Traders Cot Heatmap - 08 May 2012

Last week, gold was at 85.32% and this week, it is at 79.5%. Some large interest are getting out of their long positions.

Meanwhile Euro is now at 16.67% on the short side. It is 19.76% last week. More shorts being added to it. Not in the red zone yet, so further downside is probable.

Weekly Market Outlook: Commitment of Traders Cot Heatmap - 06 Mar 2012

Weekly Market Outlook: Commitment of Traders Cot Heatmap - 29 Nov 2011

 

As shown in the commitment of traders cot report, Gold futures are getting lots of long positions again. Currently in an overbought position. This is not really surprising. The "flight-to-safety" precious metal is much sought after in this economic turbulent times. With the Euro situation unclear and the end-of-the-year approaching, many fund managers who have not hit their target, are placing their safest bet in the speculative metal. Even AUD/USD has a similar bullish movement.