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Crude Oil Positioning at a Level Consistent with Tops Since 2011

By , Sr. Technical Strategist
04 February 2013 20:28 GMT

Latest CFTC Release dated January 29, 2013:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

37

Euro

100

British Pound

51

Australian Dollar

88

Japanese Yen

12

Canadian Dollar

37

Swiss Franc

86

Gold

25

Silver

76

Copper

94

Crude

96

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 – White

COTDiff (COT Index) – White

US Dollar

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_usd.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Euro

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_eur.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

British Pound

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_GBP.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_AUD.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_JPY.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_cad.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_chf.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Gold

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_gold.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Silver

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_silver.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Copper

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_copper.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

Crude

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_crude.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

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04 February 2013 20:28 GMT