Crude Oil Positioning at a Level Consistent with Tops Since 2011

Jamie Saettele, CMT

Latest CFTC Release dated January 29, 2013:


Week (Data for Tuesdays)


52 week Percentile / Comment (if applicable)

US Dollar

37

Euro

100

British Pound

51

Australian Dollar

88

Japanese Yen

12

Canadian Dollar

37

Swiss Franc

86

Gold

25

Silver

76

Copper

94

Crude

96



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 – White


COTDiff (COT Index) – White


US Dollar

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_usd.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_usd.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT



Euro

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_eur.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_eur.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


British Pound

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_GBP.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_GBP.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Australian Dollar

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_AUD.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_AUD.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Japanese Yen

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_JPY.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_JPY.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Canadian Dollar

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_cad.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_cad.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Swiss Franc

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_chf.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_chf.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Gold

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_gold.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_gold.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Silver

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_silver.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_silver.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Copper

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_copper.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_copper.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

Chart prepared by Jamie Saettele, CMT


Crude

Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_crude.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011
View photos
Crude_Oil_Positioning_at_a_Level_Consistent_with_Tops_Since_2011_body_crude.png, Crude Oil Positioning at a Level Consistent with Tops Since 2011

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 me on Twitter for real time updates @JamieSaettele


Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.


Jamie is the author of Sentiment in the Forex Market.




DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.