Market Sentiment for Next Trade 18- 22 November 2024

Nov 16 at 03:06
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1 Replies
तबसे मेंबर है Jun 16, 2021   4 पोस्टों
Nov 16 at 03:06
COT Report - November 12, 2024
Non-Commercial Sentiment Analysis and Trading Strategy

Our trading strategy is based on Non-Commercial sentiment, specifically the percentage of long positions held by Non-Commercial traders. We use the following criteria:

Long Positions: If Non-Commercial long positions are between 0% and 40%.
Short Positions: If Non-Commercial long positions are between 70% and 100%.
No Trade Zone: If Non-Commercial long positions are between 50% and 60%.
We adopt a contrarian approach, meaning we trade against the prevailing sentiment. Below is the current sentiment for each asset and our corresponding action:

WTI Crude Oil:

Non-Commercial Long Position: 71.23%
Sentiment: Overbought (Majority Long)
Action: Short (Contrarian position, expecting a pullback)
Gold:

Non-Commercial Long Position: 79.85%
Sentiment: Overbought (Majority Long)
Action: Short (Contrarian position, expecting a price decline)
Swiss Franc (CHF):

Non-Commercial Short Position: 87.65%
Sentiment: Oversold (Majority Short)
Action: Long (Contrarian position, expecting a price rebound)
Canadian Dollar (CAD):

Non-Commercial Short Position: 90.28%
Sentiment: Oversold (Majority Short)
Action: Long (Contrarian position, expecting a price rebound)
Trader’s Motto: "Read the price, trust the levels, and trade with discipline."
तबसे मेंबर है Nov 18, 2024   1 पोस्टों
Nov 18 at 01:56 (एडिट हो रहा है Nov 18 at 01:58)
😱 Asa pod ka tig trade ug commodities ?
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