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COT-Record British Pound Ownership Profile

DailyFX.com –

The latest COT data indicates the largest ever speculative British Pound net short position and largest ever commercial hedger long position. This ownership profile indicates a sentiment extreme and therefore warns of a major price bottom.

  • USD speculators are longest since March
  • Record British Pound ownership profile
  • 5th consecutive positioning record for silver

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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 July 26th, 2016

Week (Data for Tuesdays)

52 week Percentile

US Dollar

38

Euro

29

British Pound

0

Australian Dollar

88

Japanese Yen

51

Canadian Dollar

86

Swiss Franc

51

Mexican Peso

51

Gold

90

Silver

100

Copper

100

Crude

65

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar ICEUS Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Australian DollarCME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Japanese YenCME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Canadian DollarCME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Silver COMEX Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

COT-Record British Pound Ownership Profile

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

COT-Record British Pound Ownership Profile

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

Jamie is the author of Sentiment in the Forex Market and co-founder of SB Trade Desk.

original source

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COT-Record British Pound Ownership Profile