FOREX ALERTS >>
DailyFX Plus Login

gbp cot

Article

COT 01/06
Tuesday, 06 January 2009 16:46:08 GMT  |  Jamie Saettele, Senior Currency Strategist
Delicious
Facebook

GBP: The COT index for the British Pound has also dropped from 0.

However, the percentage of commercial traders that are long is high (close to 80%) and the composite COT is increasing from historically low levels.  The weight of evidence favors bulls.

Implications: bullish

More Articles

Feedback Form