Latest CFTC Release dated May 08, 2012:
Week (Data for Tuesdays) |
52 week Percentile / Comment (if applicable) |
US Dollar |
67 |
Euro |
0 – commercial longs and speculative shorts at record levels |
British Pound |
88 |
Australian Dollar |
0 – commercials turn long and speculators turn short for first time since 2008 and record |
Japanese Yen |
22 |
Canadian Dollar |
84 |
Swiss Franc |
0 - positioning difference is greatest since 2007 |
Gold |
0 - positioning difference is greatest since 2008 |
Silver |
6 |
Copper |
0 – positioning difference is greatest since 2009 |
Crude |
65 |
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
***
The latest developments in positioning warrant additional comments. As you review the charts, keep in mind that the COT Index (bottom line) moves with price and extreme levels tend to give way to at least a countertrend move. This week’s open (USD gap lower) underscores this point. Expect continued 2 way action into early June.
US Dollar

Chart prepared by Jamie Saettele, CMT
Euro

Chart prepared by Jamie Saettele, CMT
British Pound

Chart prepared by Jamie Saettele, CMT
Australian Dollar

Chart prepared by Jamie Saettele, CMT
Japanese Yen

Chart prepared by Jamie Saettele, CMT
Canadian Dollar

Chart prepared by Jamie Saettele, CMT
Swiss Franc

Chart prepared by Jamie Saettele, CMT
Gold

Chart prepared by Jamie Saettele, CMT
Silver

Chart prepared by Jamie Saettele, CMT
Copper

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
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Jamie is the author of Sentiment in the Forex Market.