Overbought? in daily or weekly not yet for me at is is around 79% Stochastic
This COT for Arabica is of interest to me considering the COT index culminating at 97 in a scale of 0 to 100 for large speculators or 22 for Commercials (see graph). In both case for a 3-year period it starts to be high. In addition one can assume that with the missing 3 days of the weeks that trends went on. Looking forward to have the revised 5-Year Percentile of Net Position (Adjusted for OI) for this COT. Previous value was 66% for speculators I suspect it to be around 69% currently.
I confirm that graphically and seasonnaly I start to have same feeling: "Itís tempting to sell the DecMar considering the expanding long position of the fund sector ..."
Just for illustrating the feeling: the 2 graphs KCN21-KCZ20