Canadian Dollar Speculative Shorts are Highest Since March 2007

2013-03-11 17:03:00 Jamie Saettele, CMT, Sr. Technical Strategist

Latest CFTC Release dated March 05, 2013:

Week (Data for Tuesdays)	52 week Percentile / Comment (if applicable)
US Dollar	61
Euro	78
British Pound	0-COT index is lowest since October 2011
Australian Dollar	14
Japanese Yen	16
Canadian Dollar	0- COT index is lowest since March 2007
Swiss Franc	39
Gold	2
Silver	37
Copper	33
Crude	69

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 – White

COTDiff (COT Index) – White

US Dollar