Cot 09/02

[B]AUD:[/B] [B]The AUD index is at 0, but a closer look into the COT numbers reveals that the decline is probably not finished. [/B]

For one, composte COT is still positive at 3,590. A deeper negative reading should accompany an important low. Also, only 48% of commercials are long. Previous important lows occurred when 65% and 72% of commercials were long.

[B][/B]

[B]Implications: [/B][B]Bearish[/B]