COT: Coffee Spill
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Record positioning in Platinum…again
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Record positioning in Coffee and extreme 4 week position change
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Record positioning in Kiwi (NZD)
52 Week Ownership Profile Extremes – U.S. Dollar Index, New Zealand Dollar, Canadian Dollar, Nikkei, Platinum, Soybean Oil, Lean Hogs, Coffee
13 Week Volume Highs – None
The COT Index is the difference between net speculative positioning and net commercial positioning measured over a 52 week percentile. A reading of 100 indicates that the difference in positioning is the greatest it has been in 52 weeks with speculators buying and commercials selling. A reading of 0 indicates that the difference in positioning is the greatest it has been in 52 weeks with speculators selling and commercials buying. Speculators tend to be on the wrong side at the turn and commercials the correct side.
Latest CFTC Release dated July 3rd, 2018
Non Commercials (speculators) – Red
Commercials – Blue
Small Speculators – Black
COTDiff (COT Index) – Black
52 week Percentile (COT Diff) – Gray
Coffee ICEUS Continuous Contract
The ownership profile in Coffee is at a record. Simply, the extreme speculative short position and extreme commercial long position warns of a price low.
Coffee ICEUS Continuous Contract
The change in positions over a 4 week period in Coffee is also at a record! Extreme speculative selling and commercial buying suggests capitulation and therefore potential for a price low.
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