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COT as of January 8, 2019
Posted by JuanV
on February 8, 2019, 9:18 pm
This report covers the first week of trading in 2019. The trading range for the period, 9935-10605. This covers all but 1 cent of the range we have for the entire 6 week period. Remember, since January 2, we have traded between 9935-10715. The low of 9935 was made on the first day of the year (and incidentally the first day of the reporting period covered in this report).
During that period, the market rallied to close a tick above the 1.05 level. We see managed money longs, large and small trader longs all buying NEW to start the new year. The report covers the period ending January 8, which would have been the "first day" of the index re-balancing. I do not think the dates are written in stone, but in any case I expect the next report to reflect some of this activity.