This week I got a bearish signal for the wheat hrw based on the total number of new short contracts opened(10,867) vs total number of old long contracts closed(2,639) in the last 2 weeks.Besides I got a bearish PCC = - 0.96 for this commodity in the last 3 weeks.This means a huge divergence between bearish(rising) vs bullish(falling) sentiment for this commodity in the last 3 weeks.As result I expect price of the wheat hrw to drop in the coming days/weeks.Check my strategy and trackrecord2016 file on my free websites:http://futuresandoptions.wix.com/cotswingcharts and http://cotreportfreeswingcharts.my-free.website/
No comments:
Post a Comment