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COT 07/21

Monday, 21 July 2008 18:36:35 GMT

Written by Jamie Saettele, Technical Currency Analyst

Implications: Bearish

COT5_7-21

CHF: The 52 and 13 week readings are at 94 and 92.  The indexes have been extremely volatile lately.  A bearish extreme reading from the 13 week index in May turned us CHF bullish (USDCHF bearish) but the pair is at a bullish extreme now.  Expect weakness (USDCHF strength).

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