Trend Followers Pile on Australian Dollar Longs

Latest CFTC Release dated July 31, 2012:

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

Chart prepared by Jamie Saettele, CMT

Euro

Chart prepared by Jamie Saettele, CMT

British Pound

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Chart prepared by Jamie Saettele, CMT

Gold

Chart prepared by Jamie Saettele, CMT

Silver

Chart prepared by Jamie Saettele, CMT

Copper

Chart prepared by Jamie Saettele, CMT

Crude

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.