COT Energy Charts: Speculators raise Heating Oil Futures bets to 156-week high

October 15, 2021

By InvestMacro.com COT Home | Data Tables | Data Downloads | 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 12th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting this week’s data is the Heating Oil bullish speculator positions which rose to the highest level in the past 156 weeks at a total of 39,137 contracts. This is the most bullish level dating back to October 16th of 2018 when the net position totaled 43,385 contracts. Heating Oil speculative contracts have increased for four straight weeks and for ten out of the last thirteen weeks. The speculator strength score is currently at 100 percent showing that speculator sentiment is at a three-year high.


Data Snapshot of Commodity Market Traders | Columns Legend
Oct-12-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,231,22748404,77641-453,6844648,90884
Gold484,38221185,53954-207,6144622,07533
Silver139,403617,98740-30,2926912,30511
Copper194,8172322,48159-25,867423,38645
Palladium9,29613-2,49642,62595-12937
Platinum59,3442110,91918-16,756855,83743
Natural Gas1,314,02240-130,9023991,2016039,70179
Brent205,52144-34,9245729,563375,36182
Heating Oil429,9086839,137100-65,644126,50790
Soybeans759,1013541,99041-9,66564-32,32518
Corn1,400,3774279,28866-223,33640-55,95211
Coffee305,1416269,08599-73,80824,72321
Sugar891,67225246,18887-294,6741248,48668
Wheat385,20423-4,5344312,96953-8,43561

 


WTI Crude Oil Futures:

WTI Crude Oil Futures COT ChartThe WTI Crude Oil Futures large speculator standing this week came in at a net position of 404,776 contracts in the data reported through Tuesday. This was a weekly advance of 6,469 contracts from the previous week which had a total of 398,307 net contracts.


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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 40.9 percent. The commercials are Bearish with a score of 46.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.9 percent.

WTI Crude Oil Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.332.34.7
– Percent of Open Interest Shorts:7.152.72.5
– Net Position:404,776-453,68448,908
– Gross Longs:564,001721,614105,276
– Gross Shorts:159,2251,175,29856,368
– Long to Short Ratio:3.5 to 10.6 to 11.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):40.946.583.9
– COT Index Reading (3 Year Range):BearishBearishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:15.5-17.815.7

 


Brent Crude Oil Futures:

Brent Last Day Crude Oil Futures COT ChartThe Brent Crude Oil Futures large speculator standing this week came in at a net position of -34,924 contracts in the data reported through Tuesday. This was a weekly rise of 2,097 contracts from the previous week which had a total of -37,021 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 56.6 percent. The commercials are Bearish with a score of 36.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 82.4 percent.

Brent Crude Oil Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:15.949.64.9
– Percent of Open Interest Shorts:32.935.22.3
– Net Position:-34,92429,5635,361
– Gross Longs:32,761101,89410,063
– Gross Shorts:67,68572,3314,702
– Long to Short Ratio:0.5 to 11.4 to 12.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):56.636.882.4
– COT Index Reading (3 Year Range):BullishBearishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:15.6-23.838.5

 


Natural Gas Futures:

Natural Gas Futures COT ChartThe Natural Gas Futures large speculator standing this week came in at a net position of -130,902 contracts in the data reported through Tuesday. This was a weekly boost of 2,806 contracts from the previous week which had a total of -133,708 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 39.3 percent. The commercials are Bullish with a score of 59.6 percent and the small traders (not shown in chart) are Bullish with a score of 79.5 percent.

Natural Gas Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:20.744.35.0
– Percent of Open Interest Shorts:30.737.42.0
– Net Position:-130,90291,20139,701
– Gross Longs:272,106582,32765,639
– Gross Shorts:403,008491,12625,938
– Long to Short Ratio:0.7 to 11.2 to 12.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):39.359.679.5
– COT Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:4.1-6.013.4

 


Gasoline Blendstock Futures:

RBOB Gasoline Energy Futures COT ChartThe Gasoline Blendstock Futures large speculator standing this week came in at a net position of 47,193 contracts in the data reported through Tuesday. This was a weekly fall of -3,859 contracts from the previous week which had a total of 51,052 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-Extreme with a score of 18.1 percent. The commercials are Bullish with a score of 79.3 percent and the small traders (not shown in chart) are Bullish with a score of 74.7 percent.

Nasdaq Mini Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.745.77.6
– Percent of Open Interest Shorts:14.563.14.4
– Net Position:47,193-57,75310,560
– Gross Longs:95,137151,40625,077
– Gross Shorts:47,944209,15914,517
– Long to Short Ratio:2.0 to 10.7 to 11.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):18.179.374.7
– COT Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:5.1-6.48.2

 


#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 came in at a net position of 39,137 contracts in the cot data reported through Tuesday. This was a weekly gain of 1,589 contracts from the previous week which had a total of 37,548 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 100.0 percent. The commercials are Bearish-Extreme with a score of 1.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 90.2 percent.

Heating Oil Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:16.949.711.6
– Percent of Open Interest Shorts:7.865.05.4
– Net Position:39,137-65,64426,507
– Gross Longs:72,833213,80849,877
– Gross Shorts:33,696279,45223,370
– Long to Short Ratio:2.2 to 10.8 to 12.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):100.01.390.2
– COT Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:0.8-9.529.1

 


Bloomberg Commodity Index Futures:

Bloomberg Commodity Index Futures COT ChartThe Bloomberg Commodity Index Futures large speculator standing this week came in at a net position of -16,117 contracts in the data reported through Tuesday. This was a weekly reduction of -3,443 contracts from the previous week which had a total of -12,674 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 25.1 percent. The commercials are Bullish with a score of 74.5 percent and the small traders (not shown in chart) are Bearish with a score of 47.3 percent.

Bloomberg Index Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:51.242.61.5
– Percent of Open Interest Shorts:90.24.90.2
– Net Position:-16,11715,593524
– Gross Longs:21,17817,609621
– Gross Shorts:37,2952,01697
– Long to Short Ratio:0.6 to 18.7 to 16.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):25.174.547.3
– COT Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.40.17.1

 


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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).