Latest CFTC Release dated December 10, 2011:

Week (Data for Tuesdays)

Comment

US Dollar

Euro

at record bearish extreme (potential for bullish reversal)

British Pound

Australian Dollar

Japanese Yen

Spec longs highest since March 2008 – warns of a top

Canadian Dollar

Swiss Franc

Commercial longs highest since May 2010 – warns of a bottom

Gold

Silver

Copper

Crude

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. This is not always true however (especially for equity futures) –group behavior varies across markets. Use of the index is covered closely in detail in my book.

Charts

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff – Black

Volume on bottom

US Dollar

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_usd.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Euro

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_eur.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

British Pound

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_gbp.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_aud.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_jpy.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_cad.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_chf.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Gold

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_gold.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Silver

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_silver.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Copper

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_copper.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

Crude

Yen_Speculative_Longs_at_Highest_Level_Since_March_2008_body_crude.png, Yen Speculative Longs at Highest Level Since March 2008

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie, e-mail jsaettele@dailyfx.com. Follow him on Twitter @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.