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🔎📊 Your CFTC Data Analysis - Dec'23 🚨 Featuring the $USDJPY

Based on the Commitments of Traders data reported on: December 12th'23



#GOLD now look what we have here!? We mentioned in last week’s report that the upward structure was NOT there and therefore we couldn’t go long at any demand. The lack of structure lead to a breakdown of price and now we see daily demand breaking through. All possible by applying the Sherlock System to the charts.

 

$USDWTI  - short/medium term pressure is to the downside on #OIL as we can see with the two daily supply zones dictating price direction.

NOTE: Remember what we’ve said with respect to the $USO and the massive supply in play.

 

$EURUSD the drop we’ve been watching for has taken place. Retail sentiment reached as high as 88% at times, maybe even into the 90’s and price has now declined. I was playing around with different methods of tracking retail sentiment as it has become a very important method of timing short term trades. Below you’ll see a dark red cloud morphing into a lighter red cloud signifying the transition from heavy short to not as heavy. The definitions of those classifications are what I’ll be working on my own time. ;)


🚨 IMPORTANT: Remember how they also used negative inflation data to help lure retail to go long.


🔎📊 CFTC EXPERT ANALYSIS


🎩 Each week I will highlight a specific pair from the Araujo Report. The analysis will be a potion of what's made available to members.


USDJPY: Institutional traders have a STRONG BULLISH SENTIMENT

 Interest Rate: -0.10% (last change - January 29, 2016)

Overview: Price dropped and the banks used this time to close off many long positions from 133k to 109k, shorts were left untouched. Shorts remain cooled off. We recently had a monthly supply zone being contacted and a basing candle was formed and then a momentum candle to the upside. I’ve got a long term target at 157 that I placed on Sept 27th’23 so we’ll see if price continues to make its way higher. We contacted a weekly supply and dropped straight to a weekly demand which is something we spoke about in class. The weekly demand was removed as massive JPY buying took place after rate hikes were mentioned. Price dropped to the weekly demand and is now rallying up from it. Watching to see if momentum will shift off this demand zone.






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