The latest COT report shows that speculative shorts have returned to early May levels. There is room again for selling.
Latest CFTC Release dated August 07, 2012:
|
Week (Data for Tuesdays) |
52 week Percentile / Comment (if applicable) |
|
US Dollar |
61 |
|
Euro |
41 |
|
British Pound |
65 |
|
Australian Dollar |
80 |
|
Japanese Yen |
49 |
|
Canadian Dollar |
73 |
|
Swiss Franc |
22 |
|
Gold |
8 |
|
Silver |
53 |
|
Copper |
4 |
|
Crude |
76 |
The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.
Charts
Non Commercials (speculators) – Red
Commercials – Blue
Small Speculators – Black
COTDiff – Black
Volume on bottom
US Dollar
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Chart prepared by Jamie Saettele, CMT
Euro
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British Pound
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Australian Dollar
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Japanese Yen
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Canadian Dollar
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Swiss Franc
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Gold
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Silver
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Copper
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Crude
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Chart prepared by Jamie Saettele, CMT
— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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Jamie is the author of Sentiment in the Forex Market.
This article (Euro Short Positions Moderate to May Levels) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.