Saturday, 17 March 2012

COT data of March 13th 2012

British Pounds - Tuesday's close was little changed from previously, at 1.5700, but Large Specs continued to add (slightly) to Shorts, taking their nett position up to minus 21.4, from minus 20.2, with their share of total longs down to 11.2% and total shorts fractionally up, to 32.6%. Small Specs reduced their longs as well as adding to shorts. More significantly, Commercials changed their nett position from plus 23.6 to plus 27.2, with their nett difference going up from +43326 to +53214.
All of this seems to confirm that long Sterling positions could prove profitable ....

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