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COT 01/07

Monday, 07 January 2008 18:30:30 GMT

Written by Jamie Saettele, Currency Analyst

Signal: Bullish

01-07-08cot-chf

CHF: The % of total commercial positions that are long measured through a 52 week percentile is at 24 and the % of total speculative positions that are long measured through a 52 week percentile is 71. The most recent extreme registered on the 52 week index was a bullish one but the most recent extreme registered on the 13 week index was a bearish one.  With momentum towards CHF strength intact, remain bullish on CHF until further notice (bearish USDCHF).

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