NZD INDEX Statistics SPECULATORS |COMMERCIALS
– Percent of OI Longs: 62.5 | 24.6
– Percent of OI Shorts: 31.2 | 58
– Net Position: 13939 | -14860
– Gross Longs: 27835 | 10943
– Gross Shorts: 13896 | 25803
– COT Index Reading: Extreme Bullish | Extreme Bearish
Scenario A: Bulls still in control, testing to break green line which will be great for good price to the down side
Scenario B: Price fails to break green line, reverse downward but that could be a fake. (Price could hit rejection zone by end of the week)
Scenario C: Breakout from the rejection zone and continue upwards (Invalid analysis).
Recommendation: React only at rejection zone for best price.
– Percent of OI Longs: 62.5 | 24.6
– Percent of OI Shorts: 31.2 | 58
– Net Position: 13939 | -14860
– Gross Longs: 27835 | 10943
– Gross Shorts: 13896 | 25803
– COT Index Reading: Extreme Bullish | Extreme Bearish
Scenario A: Bulls still in control, testing to break green line which will be great for good price to the down side
Scenario B: Price fails to break green line, reverse downward but that could be a fake. (Price could hit rejection zone by end of the week)
Scenario C: Breakout from the rejection zone and continue upwards (Invalid analysis).
Recommendation: React only at rejection zone for best price.