Cot 12/3

[B]GBP Signal: Bearish but forming a bottom[/B]

[B]GBP: [/B]The % of total commercial positions that are long measured through a 52 week percentile is at 88 and the % of total speculative positions that are long measured through a 52 week percentile is at 18. The COT index is trending down, which favors bears until conditions are extreme.