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COT-Silver Record Ownership Profile Indicates High Risk Market

COT-Silver Record Ownership Profile Indicates High Risk Market

2017-04-10 21:30:00
Jamie Saettele, CMT, Sr. Technical Strategist
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  • Small traders hold largest Euro long position in over 4 years
  • Speculators sell CAD for 5th straight week
  • Record ownership profile for silver indicates reversal risk

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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 April 4, 2017

Week (Data for Tuesdays)

52 week Percentile

US Dollar

53

Euro

98

British Pound

14

Australian Dollar

90

Japanese Yen

31

Canadian Dollar

0

Swiss Franc

33

Mexican Peso

94

Gold

33

Silver

100

Copper

63

Crude

65

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

Volume-Red

US Dollar ICEUS Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Australian Dollar CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Japanese Yen CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Canadian Dollar CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Silver COMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

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.

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

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