how's it goin fellow traders it's magic trader here and this is the CFTC report for the data that was recorded on December 3rd 2019 here's a brief snapshot the positions held as of that date ok and so let's start by taking a look at what they've been doing with their gold positions so taking a look at gold this data represents this candle here ok right here okay so as price was consolidating right before hitting the weekly area of demand we see a big increase in longs for 325 to 346 now why such a big increase in longs does that mean they're gonna start accumulating to push price up like this no that's not what took place the reason why they added Long's was to cause price to rally up into an area of supply that was located right here that is now being used to facilitate the drop lower that's why they added long so Kay what else have they done look at shorts 53, 000 to 55, 000 they're increasing shorts now this is not meaning to me that you know it's going to start increasing from here by all means they're still taking care of their long positions ok if they're going to start accumulating a short it would be after some kind of a reaction from demand that's what I'm expecting to take place ok but right now we got long still very aggressive 86% and Long's are at the long exposure percentage is very high and also the long positions are very aggressive okay so I'm still expecting some more profit taking on Long's and then a bigger push to the downside next we have oil take a look at oil we see some upward momentum here building right we've been very low on the range for quite some time and I've been saying too the students and members of the school that we've seen some very strong evidence to suggest that price is eventually going to go higher so we're looking for evidence of that and and we're starting to see that right now so as price was dropping they increase their shorts now this discrepancy here is from contracts expiring and I went into some detail about that in the Arusha report so that's why they pumped it back back up to 103 but if you take a look at Long's they drop from 553 to 531 and this was as price dropping okay we've since seen a rally form and you know it's stuck in a range waiting for one of the roadblocks to be taken down but over the longer period of time we are expecting price to go higher okay so take a look at this here we've got the US dollar and price is reacting exactly as we had been expecting it to react okay and now we see Long's are increasing from 29, 000 to 31, 000 and a massive increase in shorts quite quite substantial move from 5, 000 to 7, 000 300 that causes long exposure to drop from 85 percent to 81 and if you take a look here and that position slightly dropped from a positive 24, 000 to positive 23, 000 that came just before price was about to drop so what is going on right now well we see the increase in shorts we see price dropped but I believe there's a very good chance that we're gonna see more upside on this chart all right now I've detailed this on the Arusha report also on the forex market outlook videos why we are why we have the anticipation that price is going to continue to the upside so we're watching the positions to see how they're going to adjust them to facilitate this move so we're still watching to see if that is indeed what is going to take place ozzie look at this big increase 50 to 250 7000 that comes as price was declining here and then kourt's 97 to 93 profit-taking on shorts down here ok we've since singing at rally but we still have this year holding price lower now if you take a look where we've been very bearish for quite a long time all right back here in June game they were very aggressive with their shorts they took profits at rallied then they accumulated a short again back up to the 99th and profit-taking again up to the highs 97 down here and now profit-taking again so what is going on here well want to point out something take a look at this here look at the coloration of Long's very cooled off ok look what's going on now right if this trend continues we're looking at a potential for this area to break and price to go higher so still in the early stages of that but we are watching for that potential us cat this one's an interesting one Long's increased by two thousand shorts increased by four we have price consolidating right here at the weekly area of supply and if you take a look very bearish a little bit less so here and they were very aggressive with the shorts less so now so what's going on well we have an ascending structure holding price up here okay you can see what's going on here and we've uncovered a lot of evidence to suggest that price is going to go lower now that goes against what we're expecting with the dollar so it's very interesting to see how this is going to play out really really important what's going to happen right here so we're watching this very closely because like I said we've uncovered evidence to suggest a move lower is going to take place they were very aggressive with shorts took profits very aggressive with shorts here and then they took profits again on those shorts causing price to rally so going to react Yuma late a short and then force it down it's very possible if they make another move to the downside they will be attacking this trendline right now they are somewhat aggressive with their shorts and they've been maintaining that for quite some time so they may be ready to make a move like that so we are watching this chart very closely u.
s.
Swiss franc longs are becoming aggressive 27 35 37 price reacts from supply to the downside with the US dollar weakness but we may start to see a real cumulation to take this out and push price higher hard to tell because price is stuck in a range no proper structure or formations to hold price at this point but look take a look look here since August what's been happening net positions getting more aggressive okay to the long side so looks like they're trying to looks like they're revealing their cards and we should take note of that now we got the euro euros not doing too much in terms of positions but if we take a look here excuse me we have shorts increasing Long's decreasing short percentage goes up 59 and here's the thing that I want to point out net positions take a look here big increase negative sixty one thousand two now negative 69 thousand so does that mean they're preparing for a move down I'll tell you what we we've gone over this in the in the school and we've outlined what we are expecting for price to to do and how its to play out so the data is not really showing us much of what they're going to do well we are learning is what they are currently doing with their positions and how that's going to lead into what price is going to eventually do because you could see here they've been neutral for a very long time not really doing much with this okay this coming week we have interest rates coming out for the so that's gonna be interesting might have a push to the upside to test this descending trendline so we're watching for that next we have the pound u.
s.
dollar this one's a very interesting one okay because we have a push to the upside here on the chart and positions go up thirty thousand to a very aggressive forty seven thousand considering where we were just a couple months ago alright so we were very aggressive short they took profits which fueled the rally and now we have supply our demand causing price to go up supply it looks like it's just about to break once it does it opens up the floodgate for a move higher okay so they are accumulating along take a look again in October they were very cooled off twenty five thousand okay almost doubled their long exposure Long's are well above the thirteen period okay so they're above average size for Long's and they're below average size for shorts this could fuel a big move like this okay bearish neutral if it goes into bullish territory watch for this continuation of the move to the upside next we have the US dollar Japanese yen look at this guys and gals October they were very neutral fifty nine fifty eight seventy seventy eight eighty eighty eight ninety six thousand longs that comes as price rallies up here into the tested area this could easy break causing price to rally up like that we are expecting more upside here they are bearish becoming bullish this can easily continue yes total site is starting to get aggressive but the max is 286 so we still have lots of room for them to be adding okay last but not least we have the Kiwi dollar and we see price was consolidating before the push the upside so Long's increase from ten to sixteen thousand they decreased their shorts so bottom line is total size have been somewhat aggressive they were extremely aggressive here and then they had to reduce their exposure to the short side which they've done and you can see now slowly they're increasing their lungs and we could see price come down and then eventually shoot higher we've got obstacles that we need to fight through first but I think the chart is telling us it wants to make a bigger push to the upside alright ladies and gents so that is your CFTC report for December 3rd if you have any questions you can reach us at wwe.
com until next time have yourself a great week take care you.
