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DX COT positioning favors USD longs

|Includes:Dynex Capital Inc. (DX)
Click to enlarge

USD Index COT shows Commercials and Large traders are positioned as they were in Sept 2008.

 

The vertical lines show the extreme expansions and the points where the Commercials and large traders flipped from long to short and vice versa.

 

The obvious recap from the chart is that until the Commercials are hedging their USD downside the trend in USD is UP.

 for more info:
http://constellation1976.blogspot.com/

Stocks: DX