Sunday 30 June 2013

COT data of June 25th 2013 - British Pound [BP]

British Pounds - Total o/i  123602; spreads 2643 - total is still very low. .

Nett differences:
Commercials +21781 (from +22615).  Large Specs -19429 (from -20406).  Small Specs -2352 (from -2209).  Indecision/lack of commitment continues. 

Proportions:  
Commercials (43.2% of total o/i) - 52.2% of Longs, 34.2% of Shorts, balance plus 18.0
Large Specs (36.5% of total) - 28.5% of Longs, 44.5% of Shorts, balance minus16.0
Small Specs (20.3% of total) - 19.3% of Longs, 21.3% of Shorts, balance minus 2.0
 
The price trend has continued downwards, and based on these figures looks set to continue - however, there is still a comparative lack of enthusiasm from the bull or bear camp - we still wait before committing.

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