U.S. Markets open in 2 hrs 35 mins

Speculative Copper Shorts are Largest Since at Least 2002

Jamie Saettele, CMT

View COT data in MT4


Latest CFTC Release dated April 9, 2013:


Week (Data for Tuesdays)


52 week Percentile / Comment (if applicable)

US Dollar

90 – non-commercial USD longs slightly off of record

Euro

63

British Pound

0-COT index is lowest since October 2011

Australian Dollar

75

Japanese Yen

22

Canadian Dollar

0- COT index is lowest since March 2007

Swiss Franc

53

Gold

22

Silver

10

Copper

0 – specs are most short since at least 2002

Crude

67



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

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_usd.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT



Euro

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_eur.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


British Pound

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_GBP.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Australian Dollar

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_AUD.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Japanese Yen

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_JPY.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Canadian Dollar

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_cad.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Swiss Franc

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_chf.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Gold

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_gold.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Silver

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_silver.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Copper

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_copper.png, Speculative Copper Shorts are Largest Since at Least 2002

Chart prepared by Jamie Saettele, CMT


Crude

Speculative_Copper_Shorts_are_Largest_Since_at_Least_2002_body_crude.png, Speculative Copper Shorts are Largest Since at Least 2002

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.