Sunday, 22 December 2013

Latest CFTC/COT figures (of Dec 17th)

COT data of Dec 17th 2013

Note that Commercials have changed stance in Cotton in quite a big way - after staying for several weeks near square, they are cutting longs and adding considerably to shorts.

In Sugar, the reverse is happening - Commercials are adding to longs and severely cutting shorts. In Coffee, they're acting the same as Cotton, although not so obviously - cutting longs and adding to shorts.

In Copper, they're much less enthusiastic than they were 4 - 5 weeks ago, cutting longs and adding to shorts, and moving to barely long overall.

Saturday, 7 December 2013

Common Sense? or is it just me?

H.L. Mencken once said that a cynic is a man who, when he smells flowers, looks around for a coffin.