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COT 02/04

Monday, 04 February 2008 17:57:46 GMT

Written by Jamie Saettele,Technical Currency Strategist

Signal: Bullish

COT3_2-4

 GBP: The % of total commercial positions that are long measured through a 52 week percentile is at 90 and the % of total speculative positions that are long measured through a 52 week percentile is at 8.  Cable has turned from a bearish sentiment extreme and should continue to gain.

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