Check out our New Trading Guides page for forecasts and educational material. Displayed in the table below are the net positions of large speculators i. Gold — Large speculators are once again ramping up their net long position, as the current Perhaps the bigger concern here is not the overall size of the position, but the speed at which it has been built. In other words, we have seen net long positioning go from the smallest in a year to nearly its largest in a year over a period of less than two months.
In the past, such sharp moves have proceeded reversals or periods of choppy trading, even during the raging bull days of The last time we saw a similarly sharp rise in long positions was in early prior to gold chopping sideways for three months before eventually making another thrust higher.
Euro — Through last week, large speculators built their net long position to its largest size Evidence is building that we may soon see the euro make a meaningful turn lower, as momentum wanes at long-term resistance while sentiment is at an extreme.
Back in May, when large specs trend-followers flipped from net short to net long we noted their propensity for accurately identifying trends in the euro. But at this juncture, risk of a shake-out is growing by the week. Other f utures contracts and large speculator positioning: Paul conducts webinars every week from Tuesday-Friday.
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Gold large speculators ramp up buying at extremely fast clip, suggests pause is coming Euro net-long at highest level since May , buying slowing as price action slows Charts of large spec positions for other major currencies and markets Check out our New Trading Guides page for forecasts and educational material.
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