Spike in Volume on Gold Futures Consistent with Reversal

Latest CFTC Release dated August 16, 2011:

Week (Data for Tuesdays)	Comment
US Dollar	COT difference downtrend is bearish
Euro
British Pound	COT difference uptrend is bullish
Australian Dollar
Japanese Yen
Canadian Dollar
Swiss Franc
Gold	Volume spike at top is bearish
Silver	COT difference uptrend is bullish
Copper	COT difference downtrend is bearish
Crude
E-Mini S&P
E-Mini NASDAQ
30 Yr US Bond
10 Yr US Note
2 Yr US Note

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 13 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 13 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. This is not always true however (especially for equity futures) -group behavior varies across markets. Use of the index is covered closely in detail in my book.



Charts

Non Commercials (speculators) - Red

Commercials - Blue

Small Speculators - Black



COTDiff - Black

Volume on bottom





US Dollar

Chart prepared by Jamie Saettele, CMT





Euro

Chart prepared by Jamie Saettele, CMT



British Pound



Chart prepared by Jamie Saettele, CMT



Australian Dollar

Chart prepared by Jamie Saettele, CMT



Japanese Yen

Chart prepared by Jamie Saettele, CMT



Canadian Dollar

Chart prepared by Jamie Saettele, CMT



Swiss Franc

Chart prepared by Jamie Saettele, CMT



Gold

Chart prepared by Jamie Saettele, CMT



Silver

Chart prepared by Jamie Saettele, CMT



Copper

Chart prepared by Jamie Saettele, CMT



Crude

Chart prepared by Jamie Saettele, CMT



E-Mini S&P

Chart prepared by Jamie Saettele, CMT



E-Mini Nasdaq

Chart prepared by Jamie Saettele, CMT



30 Yr US Treasury Bond

Chart prepared by Jamie Saettele, CMT



10 Yr US Treasury Note

Chart prepared by Jamie Saettele, CMT



2 Yr US Treasury Note

Chart prepared by Jamie Saettele, CMT









Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market. Send requests to receive his reports via email to jsaettele@dailyfx.com.