Forex Tutor: COT-Crude Oil Extreme Ownership Profile in 9 of Last 11 Weeks

martedì 28 febbraio 2017

COT-Crude Oil Extreme Ownership Profile in 9 of Last 11 Weeks

Largest long CAD position (specs) since June

Silver speculators closing in on a record long position

Crude oil traders have lost their minds

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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 February 21, 2017

Week (Data for Tuesdays)	52 week Percentile
US Dollar	67
Euro	75
British Pound	51
Australian Dollar	75
Japanese Yen	20
Canadian Dollar	96
Swiss Franc	37
Mexican Peso	43
Gold	18
Silver	92
Copper	75
Crude	100

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