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March 16th 2020 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market

Based on the Commitments of Traders data reported on: March 10th 2020

📊 In the Markets: When you take a look at the positional data supplied by the CFTC this week, take into consideration that contracts are expiring very soon and some big shifts in positions could be the institutions reorganizing their portfolio’s to reflect what they will be doing with price in the weeks to come. Now we take a look at #Gold and we have seen them remove the 3 month supply but we now have the secondary supply in play which I almost forgot about since we had an aggressive trend line on the chart. As an analyst I have to ask myself why they removed the 3 month supply because now we have gold dropping to

contact the monthly demand zone we have mapped out. Technically speaking, taking supply/demand dynamics into consideration, we could see a strong rally form from this monthly demand zone and we will be watching for that for potential long trade signals but if this does not play out, the removal of this demand will signal a move lower.

We experienced a lot of volatility this week and the institutions closed and opened massive amounts of positions within a short span of time and what we witnessed was price spiking upwards and downwards, contacting supply/demand zones we had mapped out. The #dollar spiked down through its monthly demand zone but it has not been removed and this took place as the #eurusd respected its monthly supply. We’d like to engage this market at some time and there are signals that have been produced. We’ll update the forum with those trade signals this week.

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