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COT-Copper Position Flips; Commercials are Short and Specs are Long

COT-Copper Position Flips; Commercials are Short and Specs are Long

2015-05-18 14:28:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:
  • CAD commercials close to a short position
  • Swiss Franc 52 week position extreme
  • Copper position flip-commercials are short and large specs are long

For more analysis and trade setups, visit SB Trade Desk

Latest CFTC Release dated May 05, 2015:

Week (Data for Tuesdays)

52 week Percentile

US Dollar

63

Euro

33

British Pound

33

Australian Dollar

63

Japanese Yen

94

Canadian Dollar

75

Swiss Franc

100

Mexican Peso

43

Gold

28

Silver

57

Copper

96

Crude

67

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A 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 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. 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

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Euro

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

British Pound

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Australian Dollar

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Japanese Yen

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Swiss Franc

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Mexican Peso

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Gold

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Silver

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Copper

COT-Copper Position Flips; Commercials are Short and Specs are Long

Chart prepared by Jamie Saettele, CMT

Crude

COT-Copper Position Flips; Commercials are Short and Specs are Long

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.

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

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