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COT-Another Record Position Change in Crude Oil

COT-Another Record Position Change in Crude Oil

Jamie Saettele, CMT, Sr. Technical Strategist

Talking Points:

  • Largest 1 week JPY position chance since May
  • ANOTHER record for speculative copper longs
  • Largest 1 week position change in crude…ever

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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 December 6, 2016

Week (Data for Tuesdays)

52 week Percentile

US Dollar

100

Euro

27

British Pound

35

Australian Dollar

47

Japanese Yen

0

Canadian Dollar

33

Swiss Franc

0

Mexican Peso

47

Gold

20

Silver

39

Copper

100

Crude

94

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-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Australian Dollar CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Japanese Yen CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Canadian Dollar CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Silver COMEX Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

COT-Another Record Position Change in Crude Oil

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

COT-Another Record Position Change in Crude Oil

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.

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

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