COT Chart for the Swiss Franc, June 28th 2005

I am not primarily a currency trader and the currency market is not 'controlled' by the COT to the same degree as some other markets. Still the track record for the commercials in the Swiss Franc has been quite impressive the past four and a half years. Take a look at the previous market bottoms and tops and the corresponding COT positions.


I don't know how resilient the current dollar rally will prove but I see good reason to expect a correction in the short term both for technical, fundamental and COT reasons. Make your own conclusions. 

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