• USD commercials flip to short
  • GBP positioning at level last seen near early 2013 top
  • Crude speculators remain oddly long

Latest CFTC Release dated January 7, 2013:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

6 – commercials flip to short

Euro

49

British Pound

96

Australian Dollar

31

Japanese Yen

10

Canadian Dollar

12

Swiss Franc

69

Mexican Peso

41

Gold

24

Silver

75

Copper

88

Crude

77

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 (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Euro

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

British Pound

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Australian Dollar

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Japanese Yen

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Swiss Franc

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Mexican Peso

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Gold

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Silver

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Copper

British Pound Positioning at Level Last Seen at Early 2013 Top

Chart prepared by Jamie Saettele, CMT

Crude

British Pound Positioning at Level Last Seen at Early 2013 Top

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 me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.