FOREX ALERTS >>

gbp cot

Article

COT 09/02

Tuesday, 02 September 2008 19:44:56 GMT | Jamie Saettele, Senior Currency Strategist

Previous Articles

Print

RSS

Monday, 24 August 2009 21:32:50 GMT COT 08/24
Monday, 06 July 2009 22:11:46 GMT COT 7/06
Monday, 08 June 2009 18:37:37 GMT COT 6/08
Monday, 25 May 2009 15:19:20 GMT COT 05/25
Monday, 18 May 2009 15:04:48 GMT COT 05/18
Monday, 11 May 2009 19:59:47 GMT COT 05/11
Monday, 04 May 2009 19:30:40 GMT COT 05/04
Monday, 27 April 2009 20:32:10 GMT COT 04/27
Monday, 20 April 2009 20:25:51 GMT COT 04/20
Monday, 13 April 2009 19:04:59 GMT COT 04/13
Monday, 06 April 2009 20:04:55 GMT COT 04/06
Monday, 30 March 2009 18:20:49 GMT COT 03/30
Monday, 23 March 2009 18:03:32 GMT COT 03/23
Monday, 16 March 2009 18:03:41 GMT COT 03/16
Monday, 09 March 2009 19:42:38 GMT COT 03/09
Monday, 02 March 2009 20:00:15 GMT COT 03/02
Monday, 23 February 2009 20:00:12 GMT COT 02/23
Tuesday, 13 January 2009 16:20:57 GMT COT 01/13
Tuesday, 06 January 2009 16:46:08 GMT COT 01/06
Monday, 08 December 2008 18:49:45 GMT COT 12/8

GBP: The 52 week COT index remains at 0. This reading indicates a bearish sentiment extreme and potential for a low to form. Also, at -108,264, composite COT is the lowest ever! The previous low was -92,119 in July 1999 (see vertical line on the chart).

Cable was in a longer term downtrend at that point but rallied nearly 1,400 pips in less than 3 months following the extreme July 1999 reading. The difference between then and now is that the percentage of commercials that we were long was at 90% then. Now, just 80% commercials are long.

Implications: bottoming?

gbp cot

Article

More Articles