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COT 12/3

Tuesday, 04 December 2007 06:27:04 GMT

Written by Jamie Saettele, Technical Currency Strategist

Signal: Topped, bearish

12-03-2007cot6


JPY:  The % of total commercial positions that are long measured through a 52 week percentile is at 0 and the % of total speculative positions that are long measured through a 52 week percentile is at 98.  The 52 week COT index is at 98 and favors a reversal towards JPY weakness (bullish for Yen pairs).

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