Latest CFTC Release dated May 08, 2012:
52 week Percentile / Comment (if applicable)
0 – commercial longs and speculative shorts at record levels
0 – commercials turn long and speculators turn short for first time since 2008 and record
0 - positioning difference is greatest since 2007
0 - positioning difference is greatest since 2008
0 – positioning difference is greatest since 2009
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
***
The latest developments in positioning warrant additional comments. As you review the charts, keep in mind that the COT Index (bottom line) moves with price and extreme levels tend to give way to at least a countertrend move. This week’s open (USD gap lower) underscores this point. Expect continued 2 way action into early June.
US Dollar
Chart prepared by Jamie Saettele, CMT
Euro
Chart prepared by Jamie Saettele, CMT
British Pound
Chart prepared by Jamie Saettele, CMT
Australian Dollar
Chart prepared by Jamie Saettele, CMT
Japanese Yen
Chart prepared by Jamie Saettele, CMT
Canadian Dollar
Chart prepared by Jamie Saettele, CMT
Swiss Franc
Chart prepared by Jamie Saettele, CMT
Gold
Chart prepared by Jamie Saettele, CMT
Silver
Chart prepared by Jamie Saettele, CMT
Copper
Chart prepared by Jamie Saettele, CMT
Crude
Chart prepared by Jamie Saettele, CMT
52 week Percentile / Comment (if applicable)
0 – commercial longs and speculative shorts at record levels
0 – commercials turn long and speculators turn short for first time since 2008 and record
0 - positioning difference is greatest since 2007
0 - positioning difference is greatest since 2008
0 – positioning difference is greatest since 2009
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
***
The latest developments in positioning warrant additional comments. As you review the charts, keep in mind that the COT Index (bottom line) moves with price and extreme levels tend to give way to at least a countertrend move. This week’s open (USD gap lower) underscores this point. Expect continued 2 way action into early June.
US Dollar
Chart prepared by Jamie Saettele, CMT Euro
Chart prepared by Jamie Saettele, CMT British Pound
Chart prepared by Jamie Saettele, CMT Australian Dollar
Chart prepared by Jamie Saettele, CMT Japanese Yen
Chart prepared by Jamie Saettele, CMT Canadian Dollar
Chart prepared by Jamie Saettele, CMT Swiss Franc
Chart prepared by Jamie Saettele, CMT
Gold
Chart prepared by Jamie Saettele, CMT Silver
Chart prepared by Jamie Saettele, CMT Copper
Chart prepared by Jamie Saettele, CMT Crude
Chart prepared by Jamie Saettele, CMT
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