U.S. Markets close in 35 mins.

Gold Trader Positioning is at Level Consistent with a Bottom

Jamie Saettele, CMT

Latest CFTC Release dated February 19, 2013:


Week (Data for Tuesdays)


52 week Percentile / Comment (if applicable)

US Dollar

45

Euro

92

British Pound

4

Australian Dollar

31

Japanese Yen

18

Canadian Dollar

18

Swiss Franc

75

Gold

0 – speculators most short in over 52 weeks (see red bars on chart)

Silver

49

Copper

90

Crude

90



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

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_usd.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT



Euro

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_eur.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


British Pound

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_GBP.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Australian Dollar

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_AUD.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Japanese Yen

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_JPY.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Canadian Dollar

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_cad.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Swiss Franc

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_chf.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Gold

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_gold.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Silver

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_silver.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Copper

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_copper.png, Gold Trader Positioning is at Level Consistent with a Bottom

Chart prepared by Jamie Saettele, CMT


Crude

Gold_Trader_Positioning_is_at_Level_Consistent_with_a_Bottom__body_crude.png, Gold Trader Positioning is at Level Consistent with a Bottom

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.