[B]Signal: [/B]Bearish
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[B]CHF:[/B] The % of total commercial positions that are long measured through a 52 week percentile is at 12 and the % of total speculative positions that are long measured through a 52 week percentile is 88. Sentiment regarding the CHF appears to have turned from a bullish extreme a few weeks ago, so favor CHF weakness, especially against the GBP and EUR.