Latest CFTC Release dated January 31, 2012:
|
Week (Data for Tuesdays) |
Comment |
|
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
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Euro speculative positions are no longer at a record. This is not necessarily bullish however. In fact, a strategy that buys following a one week decrease from record shorts and goes short following a one week decrease from record longs generates negative equity curves for holding periods of 13 weeks to 52 weeks.
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Chart prepared by Jamie Saettele, CMT
Crude
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
To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com
Jamie is the author of Sentiment in the Forex Market.
