COT Trend Traders Hold Record Net Short Position in Copper
Date
1/25/2016 4:21:28 PM
(MENAFN- DailyFX) Largest net short position for large Cable traders since January 2015 Yen ownership profile returns to February 2012 level Copper record net short position for trend followers
For more analysis and trade setups visit SB Trade Desk Subscribe to Jamie Saettele's distribution list in order to receive several free reports per week 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 19th 2015: Week (Data for Tuesdays) 52 week Percentile US Dollar 20 Euro 61 British Pound 4 Australian Dollar 51 Japanese Yen 100 Canadian Dollar 6 Swiss Franc 45 Mexican Peso 10 Gold 28 Silver 61 Copper 6 Crude 2 Charts (all charts are continuous contract) Non Commercials (speculators) – Red Commercials – Blue Small Speculators – Black COTDiff (COT Index) – Black US Dollar ICEUS Continuous Contract Chart prepared by Jamie Saettele CMT Euro CME Continuous Contract Chart prepared by Jamie Saettele CMT British Pound CME Continuous Contract Chart prepared by Jamie Saettele CMT Australian DollarCME Continuous Contract Chart prepared by Jamie Saettele CMT Japanese YenCME Continuous Contract Chart prepared by Jamie Saettele CMT Large speculators have flipped to a net long position (very small) after being net short since October 2012. Large speculators are trend followers and will catch the large move but get chopped up in sideways markets. Irrespective of multi-week pullbacks in Yen the massive shift in positioning is a clear change in behavior (which is seen in price of course too). For a shorter term look at sentiment check out SSI. Canadian DollarCME Continuous Contract Chart prepared by Jamie Saettele CMT Swiss Franc CME Continuous Contract Chart prepared by Jamie Saettele CMT Mexican Peso CME Continuous Contract Chart prepared by Jamie Saettele CMT Gold COMEX Continuous Contract Chart prepared by Jamie Saettele CMT Silver COMEX Continuous Contract Chart prepared by Jamie Saettele CMT Copper COMEX Continuous Contract Chart prepared by Jamie Saettele CMT Crude Oil NYMEX Continuous Contract Chart prepared by Jamie Saettele CMT --- Written by Jamie Saettele CMT Senior Technical Strategist for DailyFX.com To contact Jamie e-mail . 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.
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