Commercials +1432 (from -8373) Large Specs -9303 (from -2392) Small Specs +7871 (from +10765)
Commercials (54.1% of total o/i) - 54.5% of Longs, 53.7% of Shorts, balance plus 0.8Large Specs (29.0% of total) - 26.2% of Longs, 31.7% of Shorts, balance minus 5.5
Small Specs (16.9% of total) - 19.3% of Longs, 14.6% of Shorts, balance plus 4.7
Once again, Commercials have moved longer (indeed, to a nett long position, for the first time since mid-September); this time however they have added considerably to Longs while slightly reducing their Shorts. Large Specs have increased their nett Short by reducing Longs sharply while leaving Shorts unchanged. Small Specs have reduced their overall commitment, and are likely to be less of a factor in the short term. It appears that Commercials may be being influenced by the more bullish Fundamentals on Sterling, with these COT figures showing some bias to the upside.
Please note - no report next weekend - back early December ...