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Positioning in Copper Flashes Warning Signal

Positioning in Copper Flashes Warning Signal

Jamie Saettele, CMT, Sr. Technical Strategist

Latest CFTC Release dated April 10, 2012:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

45

Euro

27

British Pound

59

Australian Dollar

35

Japanese Yen

4 – positioning most extreme since July 2007

Canadian Dollar

73

Swiss Franc

29

Gold

20

Silver

35

Copper

35 – speculators flip to net short is bearish

Crude

73

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. 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

Positioning_in_Copper_Flashes_Warning_Signal__body_usd.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Euro

Positioning_in_Copper_Flashes_Warning_Signal__body_eur.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

British Pound

Positioning_in_Copper_Flashes_Warning_Signal__body_GBP.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Positioning_in_Copper_Flashes_Warning_Signal__body_AUD.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Positioning_in_Copper_Flashes_Warning_Signal__body_JPY.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Positioning_in_Copper_Flashes_Warning_Signal__body_cad.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Positioning_in_Copper_Flashes_Warning_Signal__body_chf.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Gold

Positioning_in_Copper_Flashes_Warning_Signal__body_gold.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Silver

Positioning_in_Copper_Flashes_Warning_Signal__body_silver.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Copper

Positioning_in_Copper_Flashes_Warning_Signal__body_copper.png, Positioning in Copper Flashes Warning Signal

Chart prepared by Jamie Saettele, CMT

Crude

Positioning_in_Copper_Flashes_Warning_Signal__body_crude.png, Positioning in Copper Flashes Warning Signal

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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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