COT 08/25

Published August 25th, 2008 - 08:31 GMT
Al Bawaba
Al Bawaba

CAD:  We wrote last week that “the 52 week index is at 0, indicating potential for a CAD bottom of sorts to form.” 



The CAD has strengthened as expected.  With the index remaining at 0, there is no reason to change out opinion.

                      

Implications: bullish