Tuesday 21 May 2013

COT data of May 14th 2013 - British Pound [BP]


British Pounds - Total o/i  198068, spreads 3025 - around 1.5% of the total.

Nett differences:

Commercials +85169 (from +85429).  Large Specs -65355 (from -63086).  Small Specs -19814 (from -22343).

Proportions:  
Commercials (49.8% of total o/i) - 71.6% of Longs, 28.0% of Shorts, balance plus 43.6
Large Specs (35.7% of total) - 19.0% of Longs, 52.5% of Shorts, balance minus 33.5
Small Specs (14.5% of total) - 9.4% of Longs, 19.5% of Shorts, balance minus 10.1

With few extremes showing, the most significant change seems to be the increased share of total o/i held by the Large Specs - as this is the position that we find least helpful to follow, it might be best to wait until more commitment is shown by either Commercials or Small Specs - or both.

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