COT Energy Charts: #2 Heating Oil Speculator bets gain for 3rd week as futures prices hit multi-year high

October 8, 2021

By InvestMacro.com COT Home | Data Tables | Data Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday October 5th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Heating Oil speculators increased their bullish bets for a third straight week as heating oil prices continue to rise. Speculative positions have stayed above the +20,000 contracts now for twenty-one straight weeks and have a strength index score of 91.9 which shows a bullish-extreme reading (the level of bullish speculator positioning over the past three-year range). Heating Oil futures market prices have also jumped to the highest level since 2014 above $2.4 a gallon this week.


Data Snapshot of Commodity Market Traders | Columns Legend
Oct-05-2021 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 2,230,794 48 398,307 39 -443,259 50 44,952 78
Gold 483,789 21 182,582 53 -203,702 47 21,120 31
Silver 139,763 7 16,379 39 -27,778 72 11,399 6
Copper 185,655 16 14,417 53 -18,918 46 4,501 51
Palladium 9,705 14 -3,230 0 3,510 99 -280 28
Platinum 62,109 25 5,515 10 -10,403 94 4,888 30
Natural Gas 1,376,788 50 -133,708 38 96,637 61 37,071 73
Brent 197,795 38 -37,021 51 30,935 42 6,086 89
Heating Oil 440,286 77 37,548 92 -66,885 0 29,337 100
Soybeans 715,835 25 51,401 43 -22,592 61 -28,809 24
Corn 1,397,458 4 297,005 68 -237,593 38 -59,412 9
Coffee 306,363 63 66,571 97 -71,022 4 4,451 19
Sugar 888,354 28 247,375 87 -293,135 13 45,760 64
Wheat 373,320 17 7,312 53 3,695 44 -11,007 49

 


WTI Crude Oil Futures:

WTI Crude Oil Futures COT ChartThe WTI Crude Oil Futures large speculator standing this week reached a net position of 398,307 contracts in the data reported through Tuesday. This was a weekly advance of 24,493 contracts from the previous week which had a total of 373,814 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.8 percent. The commercials are Bearish with a score of 49.6 percent and the small traders (not shown in chart) are Bullish with a score of 78.4 percent.


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WTI Crude Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.6 32.6 4.6
– Percent of Open Interest Shorts: 6.7 52.5 2.6
– Net Position: 398,307 -443,259 44,952
– Gross Longs: 548,561 726,829 103,241
– Gross Shorts: 150,254 1,170,088 58,289
– Long to Short Ratio: 3.7 to 1 0.6 to 1 1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 38.8 49.6 78.4
– COT Index Reading (3 Year Range): Bearish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.7 -10.6 15.9

 


Brent Crude Oil Futures:

Brent Last Day Crude Oil Futures COT ChartThe Brent Crude Oil Futures large speculator standing this week reached a net position of -37,021 contracts in the data reported through Tuesday. This was a weekly rise of 4,339 contracts from the previous week which had a total of -41,360 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.2 percent. The commercials are Bearish with a score of 41.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.8 percent.

Brent Crude Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 16.2 52.1 5.8
– Percent of Open Interest Shorts: 35.0 36.5 2.8
– Net Position: -37,021 30,935 6,086
– Gross Longs: 32,129 103,093 11,563
– Gross Shorts: 69,150 72,158 5,477
– Long to Short Ratio: 0.5 to 1 1.4 to 1 2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 51.2 41.8 88.8
– COT Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.2 -4.3 52.3

 


Natural Gas Futures:

Natural Gas Futures COT ChartThe Natural Gas Futures large speculator standing this week reached a net position of -133,708 contracts in the data reported through Tuesday. This was a weekly rise of 12,972 contracts from the previous week which had a total of -146,680 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.4 percent. The commercials are Bullish with a score of 61.3 percent and the small traders (not shown in chart) are Bullish with a score of 72.8 percent.

Natural Gas Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.0 44.4 4.7
– Percent of Open Interest Shorts: 30.7 37.3 2.0
– Net Position: -133,708 96,637 37,071
– Gross Longs: 289,262 610,703 64,111
– Gross Shorts: 422,970 514,066 27,040
– Long to Short Ratio: 0.7 to 1 1.2 to 1 2.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 38.4 61.3 72.8
– COT Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 9.9 -10.6 1.6

 


Gasoline Blendstock Futures:

RBOB Gasoline Energy Futures COT ChartThe Gasoline Blendstock Futures large speculator standing this week reached a net position of 51,052 contracts in the data reported through Tuesday. This was a weekly advance of 7,875 contracts from the previous week which had a total of 43,177 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 22.1 percent. The commercials are Bullish with a score of 78.2 percent and the small traders (not shown in chart) are Bullish with a score of 58.1 percent.

Nasdaq Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.7 43.1 7.1
– Percent of Open Interest Shorts: 14.4 61.8 4.6
– Net Position: 51,052 -58,840 7,788
– Gross Longs: 96,435 135,314 22,305
– Gross Shorts: 45,383 194,154 14,517
– Long to Short Ratio: 2.1 to 1 0.7 to 1 1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 22.1 78.2 58.1
– COT Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 14.4 -16.2 11.8

 


#2 Heating Oil NY-Harbor Futures:

NY Harbor Heating Oil Energy Futures COT ChartThe #2 Heating Oil NY-Harbor Futures large speculator standing this week reached a net position of 37,548 contracts in the data reported through Tuesday. This was a weekly increase of 958 contracts from the previous week which had a total of 36,590 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.9 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

Heating Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 16.4 47.5 11.3
– Percent of Open Interest Shorts: 7.9 62.7 4.7
– Net Position: 37,548 -66,885 29,337
– Gross Longs: 72,173 208,955 49,824
– Gross Shorts: 34,625 275,840 20,487
– Long to Short Ratio: 2.1 to 1 0.8 to 1 2.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 91.9 0.0 100.0
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.9 -15.3 37.5

 


Bloomberg Commodity Index Futures:

Bloomberg Commodity Index Futures COT ChartThe Bloomberg Commodity Index Futures large speculator standing this week reached a net position of -12,674 contracts in the data reported through Tuesday. This was a weekly fall of -3,056 contracts from the previous week which had a total of -9,618 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.3 percent. The commercials are Bullish with a score of 67.4 percent and the small traders (not shown in chart) are Bearish with a score of 43.7 percent.

Bloomberg Index Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 55.5 37.8 1.4
– Percent of Open Interest Shorts: 89.1 5.3 0.3
– Net Position: -12,674 12,233 441
– Gross Longs: 20,938 14,249 536
– Gross Shorts: 33,612 2,016 95
– Long to Short Ratio: 0.6 to 1 7.1 to 1 5.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 32.3 67.4 43.7
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.7 -7.0 4.6

 


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*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).