CAD Signal: Bearish but a short term bottom may be in place
CAD: The % of total commercial positions that are long measured through a 52 week percentile is at 55 and the % of total speculative positions that are long measured through a 52 week percentile is at 49. The 13 week COT index is at 8 after having been at 0 last week, indicating that the CAD is likely near a short term bottom. However, the 52 week measure is trending down, indicating that the larger trend is down.