COT 04/21

Published April 21st, 2008 - 09:18 GMT
Al Bawaba
Al Bawaba

Implications: Bullish but forming a top




AUD:  The 52 and 13 week COT indexes are at 63 and 83.  The 13 week index was at 100 two weeks ago, which warns of a bullish extreme.  Often times, the uptrend will continue for a few weeks before the reversal in price occurs following an extreme reading.  In other words, watch for a top.