Currencies | Jul 06 2011
COT Positioning Indicates That Commodity Currencies May Weaken
By Jamie Saettele, CMT, Sr. Technical Analyst
Latest CFTC Release dated June 28, 2011:
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 13 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 13 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. This is not always true however (especially for equity futures) –group behavior varies across markets.
Charts
Non Commercials (speculators) – Red
Commercials – Blue
Small Speculators – Black
13 Week Index – Black
Volume and 13 week average – Red and blue
US Dollar
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Technical limitations
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