Sebetulnya, jarang sekali analisa menggunakan data COT, Commitment Of Traders, hampir tidak pernah malah. Apalagi yang berkaitan dengan komoditas, dalam hal ini emas. Pun begitu dengan short term trading di XAU. Spreadnya masih terlalu besar untuk trader seperti saya
Tapi kemaren malem, ada temen fb yang tanya, “Cep, kira – kira ini uang, mending cairin ke rupiah, apa beliin emas yak? Emas disini bagus loh, 24 karat, gak kayak di Indo, dan harganya lagi gila murah,”.
Jawab: Ya kalo misal butuh uang cepet – cepet, mending cairin aja, toh cash is king. Tapi kalo butuh tabungan, beli emas. Mumpung lagi murah.
Dan ini bottom line data COT minggu ini via trader dan’s sebagai referensi.
The action was caught for us by the CFTC in today’s report and reveals the reason behind the sharp moves – hedge funds were doing a good bit of short covering. Some in that camp were also fishing for a bottom and moved back onto the long side of the market. The result of that was net buying by this group to the tune of approximately 6600 contracts.
Interestingly enough, the entirety of that , and then some more, was offset by Swap Dealer selling. They were net sellers to the tune of some 8,200 contracts.
The Producer/User/Merchant category were also net sellers for the week to the tune of some 2400 contracts.
The Small Specs were bottom picking this past week as they rushed back onto the long side to the tune of about 2270 contracts. Ditto for the Other Large Reportables who were net buyers of some 1700 contract
Mmmmmhhhh, menggiurkan juga.