Cot 01/28

[B]Signal: [/B]Bearish

[B]JPY: [/B]The % of total commercial positions that are long measured through a 52 week percentile is at 8 and the % of total speculative positions that are long measured through a 52 week percentile is at 94. The 52 week COT index is also at 94, indicating that a bullish sentiment extreme has been registered. After reaching a bullish sentiment extreme, favor the downside.