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COT-Specs Increase Euro Longs Most Since June 2015

COT-Specs Increase Euro Longs Most Since June 2015

Jamie Saettele, CMT, Sr. Technical Strategist
  • Largest net short position for large Cable traders since August 2013
  • GBP open interest turns down from record
  • Largest increase in large speculative crude net long position since March 2014

For more analysis and trade setups, visit SB Trade Desk

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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.

Latest CFTC Release dated January 26th, 2015:

Week (Data for Tuesdays)

52 week Percentile

US Dollar

28

Euro

84

British Pound

2

Australian Dollar

75

Japanese Yen

96

Canadian Dollar

26

Swiss Franc

20

Mexican Peso

8

Gold

57

Silver

75

Copper

10

Crude

10

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar ICEUS Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

The line plotted below price is the 1 week change of net speculative positioning – net commercial positioning. A high reading indicates heavy speculative (trend following) buying and heavy commercial (hedging) selling. The most recent data point is the highest since June. The red dots on the chart indicate values at least as high as the most recent data point. The high reading has led to exhaustion a few times (most recently in June) but more often than not price does continue higher.

British Pound CME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Australian DollarCME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Japanese YenCME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Canadian DollarCME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Silver COMEX Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

COT-Specs Increase Euro Longs Most Since June 2015

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

Jamie is the author of Sentiment in the Forex Market and co-founder of SB Trade Desk.

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

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