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COT-Silver Record Ownership Profile Indicates High Risk Market

Jamie Saettele, CMT

DailyFX.com -

  • Small traders hold largest Euro long position in over 4 years
  • Speculators sell CAD for 5th straight week
  • Record ownership profile for silver indicates reversal risk


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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 April 4, 2017


Week (Data for Tuesdays)


52 week Percentile

US Dollar

53

Euro

98

British Pound

14

Australian Dollar

90

Japanese Yen

31

Canadian Dollar

0

Swiss Franc

33

Mexican Peso

94

Gold

33

Silver

100

Copper

63

Crude

65



Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

Volume-Red














US Dollar ICEUS Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Euro CME Continuous Contract


COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


British Pound CME Continuous Contract


COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Australian Dollar CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Japanese Yen CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Canadian Dollar CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Swiss Franc CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Mexican Peso CME Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Gold COMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Silver COMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Copper COMEX Continuous Contract

COT-Silver Record Ownership Profile Indicates High Risk Market

Chart prepared by Jamie Saettele, CMT


Crude Oil NYMEX Continuous Contract


COT-Silver Record Ownership Profile Indicates High Risk Market

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.




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