Commitment of Traders Chart: Wheat

'A' a short signal

The commercials are at a maximum short position (lowest in three years) and there had been a large acceleration of selling starting six weeks earlier at better than 50% (see the green line at the bottom). A short signal occurred on August 10, 2012, after the previous bullish trend was broken. Holding this short position until the trend ended on March 20, 2013, would have yielded a gain of $9,538 per contract.

'B' a long signal

The commercials are at a maximum long position (longest in three years) and there had been a large acceleration (about 45% in the green line at the bottom) of buying in the previous six weeks. After the bearish trend ended, there was a long entry signal on February 7, 2014. Holding this position until the trend ended on March 26, 2014 would have yielded a gain of $5,813 per contract.

Wheat COT chart
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