The Commitment of Traders report (COT) was published at the close of last Friday's trade always shows the Tuesday data.
The formula for Blees rating uses the Commercial Traders net contract holdings at the date of the current COT report.
We inserted the Blees rating into the daily chart . It supports GOLD's RALLY we had last weeks.
Gold's bear market rally occurs when the Blees rating starting to fall from 90 to 70.
Today's COT data will be published on Friday. I think it's going to be around 50...
Time for a correction.
The formula for Blees rating uses the Commercial Traders net contract holdings at the date of the current COT report.
We inserted the Blees rating into the daily chart . It supports GOLD's RALLY we had last weeks.
Gold's bear market rally occurs when the Blees rating starting to fall from 90 to 70.
Today's COT data will be published on Friday. I think it's going to be around 50...
Time for a correction.