Cot 06/16

[B]Implications: [/B]Bullish


[B]GBP[/B]: The 52 and 13 week indexes are at 12 and 50 after being at 2 and 8 last week. The British Pound is in the exact same position as the Euro. In other words, a bearish sentiment extreme has been realized and strength is likely (especially against the USD) in the coming weeks.