CHF and JPY at Bullish Extremes

Latest CFTC Release Dated November 13, 2007:

Week (Data for Tuesdays) COMM % SPEC % 52 COTINDEX 13 COTINDEX
Canadian Dollar 33 86 59 8


CAD: The % of total commercial positions that are long measured through a 52 week percentile is at 33 and the % of total speculative positions that are long measured through a 52 week percentile is at 86. After turning when conditions were at a CAD bullish extreme, this should prove to be a major turn towards CAD weakness.