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Is Crude Oil COT Positioning Poison to Bull Move?

Jamie Saettele, CMT

View COT data in MT4


Latest CFTC Release dated July 16, 2013:


Week (Data for Tuesdays)


52 week Percentile / Comment (if applicable)

US Dollar

55

Euro

55

British Pound

31

Australian Dollar

2 - 2 weeks removed from most bearish extreme since at least 2004

Japanese Yen

25

Canadian Dollar

33

Swiss Franc

45

Mexican Peso

6

Gold

4 – COT index one week removed from lowest since at least 2004

Silver

14

Copper

16

Crude

100 – record positioning



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 (COT Index) – Black


US Dollar

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_usd.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT



Euro

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_eur.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


British Pound

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_GBP.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Australian Dollar

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_AUD.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Japanese Yen

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_JPY.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Canadian Dollar

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_cad.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Swiss Franc

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_chf.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Mexican Peso

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_mxn.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Gold

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_gold.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Silver

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_silver.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Copper

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_copper.png, Is Crude Oil COT Positioning Poison to Bull Move?

Chart prepared by Jamie Saettele, CMT


Crude

Is_Crude_Oil_COT_Positioning_Poison_to_Bull_Move_body_crude.png, Is Crude Oil COT Positioning Poison to Bull Move?

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


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Jamie is the author of Sentiment in the Forex Market.




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