British Pound Positioning at Levels Consistent with Top


Latest CFTC Release dated October 16, 2012:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

2

Euro

96

British Pound

90

Australian Dollar

45

Japanese Yen

35

Canadian Dollar

90

Swiss Franc

100

Gold

94

Silver

100

Copper

96

Crude

61

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

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff – Black

Volume on bottom

US Dollar

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_usd.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Euro

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_eur.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

British Pound

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_GBP.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Australian Dollar

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_AUD.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Japanese Yen

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_JPY.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_cad.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Swiss Franc

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_chf.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Gold

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_gold.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Silver

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_silver.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Copper

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_copper.png, British Pound Positioning at Levels Consistent with Top

Chart prepared by Jamie Saettele, CMT

Crude

British_Pound_Positioning_at_Levels_Consistent_with_Top_body_crude.png, British Pound Positioning at Levels Consistent with 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 him on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.