[Sparrow]

I've got little experience with the reports, so could someone please tell me if my interpretations are correct?

Here are this week's figures for the CAD futures

Commercials:
Long: 30,583 -5,937
Short: 91,730 +3,518

Non Commercials:
Long: 73,234 +5,221
Short: 21,889 -1,030

The weekly chart shows that price has been rejected at 0.9530 to 0.9570 for six consecutive weeks. Volatility is also decreasing and entering a congestion area. It's unlikely that the non commercials will gain the upper hand, the commercials have the deeper pockets and would be in a lot of pain if prices didn't drop.
For me that sounds like a compelling case to go short at the right price. Am i correct or is my approach flawed?

[Dogpile]

updating this thread with a longer-term chart of NQ Futures data. This has been a pretty good indicator for the market as a whole (not just Nasdaq).

Note that this is not showing a major bottom in place yet.

[Sparrow]

Very nice Dogpile. Is signing up to merrill lynch the only way to get these charts?

Writing a small program that does the charting based on the CFTC data wouldn't be so hard. The only thing i haven't figured out yet would be how to identify the oversold/overbought conditions.