COT 07/21

Published July 21st, 2008 - 10:36 GMT
Al Bawaba
Al Bawaba

Implications: Bearish




CHF: The 52 and 13 week readings are at 94 and 92.  The indexes have been extremely volatile lately.  A bearish extreme reading from the 13 week index in May turned us CHF bullish (USDCHF bearish) but the pair is at a bullish extreme now.  Expect weakness (USDCHF strength).