30 Oct

COT Metals Charts: Gold Speculator bullish bets jump to 8-Week High

October 30, 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 26th 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 COT metals data is the speculator’s bullishness in gold. The gold speculative position jumped by over +21,000 contracts this week which marked the biggest one-week jump of the past ten weeks. This brought the overall bullish position back above the +200,000 net contract level for the first time in six weeks and to the second highest bullish standing since May 25th. Gold positions have now been in a continuous bullish position all the way back to November 13th of 2018 when positions dipped to a total of -9,247 contracts.

Data Snapshot of Commodity Market Traders | Columns Legend
Oct-26-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,144,35933423,71847-472,4124148,69484
Gold509,79428214,56062-239,6543825,09441
Silver141,581837,53260-51,5044813,97221
Copper222,9274337,27969-45,870288,59175
Palladium10,20517-2,95422,96297-844
Platinum58,1611914,90224-21,280796,37851
Natural Gas1,295,27142-138,1883796,3616141,82785
Brent200,76840-17,8109812,64815,16281
Heating Oil423,1436325,79180-49,6351823,84481
Soybeans658,9601243,23041-10,17763-33,05317
Corn1,438,93011307,81069-252,05936-55,75111
Coffee307,1956467,59398-71,91634,32318
Sugar874,74221198,60777-244,3412245,73464
Wheat405,62533763488,75349-9,51656

 

Gold Comex Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe Gold Comex Futures large speculator standing this week reached a net position of 214,560 contracts in the data reported through Tuesday. This was a weekly gain of 21,211 contracts from the previous week which had a total of 193,349 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 Bullish with a score of 61.7 percent. The commercials are Bearish with a score of 38.0 percent and the small traders (not shown in chart) are Bearish with a score of 41.1 percent.

Gold Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:61.520.39.4
– Percent of Open Interest Shorts:19.467.34.4
– Net Position:214,560-239,65425,094
– Gross Longs:313,646103,42347,707
– Gross Shorts:99,086343,07722,613
– Long to Short Ratio:3.2 to 10.3 to 12.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):61.738.041.1
– COT Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:1.9-1.4-3.6

 

Silver Comex Futures:

2-Year Treasury Bonds Futures COT ChartThe Silver Comex Futures large speculator standing this week reached a net position of 37,532 contracts in the data reported through Tuesday. This was a weekly lift of 7,176 contracts from the previous week which had a total of 30,356 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 59.8 percent. The commercials are Bearish with a score of 48.4 percent and the small traders (not shown in chart) are Bearish with a score of 21.4 percent.

Silver Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:47.127.818.6
– Percent of Open Interest Shorts:20.664.18.8
– Net Position:37,532-51,50413,972
– Gross Longs:66,67739,28926,376
– Gross Shorts:29,14590,79312,404
– Long to Short Ratio:2.3 to 10.4 to 12.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):59.848.421.4
– COT Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:10.8-11.13.0

 

Copper Grade #1 Futures:

5-Year Treasury Bonds Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week reached a net position of 37,279 contracts in the data reported through Tuesday. This was a weekly decline of -3,305 contracts from the previous week which had a total of 40,584 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 69.2 percent. The commercials are Bearish with a score of 27.9 percent and the small traders (not shown in chart) are Bullish with a score of 75.0 percent.

Copper Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:44.136.09.0
– Percent of Open Interest Shorts:27.356.55.1
– Net Position:37,279-45,8708,591
– Gross Longs:98,23280,16820,017
– Gross Shorts:60,953126,03811,426
– Long to Short Ratio:1.6 to 10.6 to 11.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):69.227.975.0
– COT Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.1-6.77.3

 

Platinum Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe Platinum Futures large speculator standing this week reached a net position of 14,902 contracts in the data reported through Tuesday. This was a weekly increase of 58 contracts from the previous week which had a total of 14,844 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 23.9 percent. The commercials are Bullish with a score of 78.6 percent and the small traders (not shown in chart) are Bullish with a score of 51.0 percent.

Platinum Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:50.629.715.8
– Percent of Open Interest Shorts:25.066.34.8
– Net Position:14,902-21,2806,378
– Gross Longs:29,44517,2659,174
– Gross Shorts:14,54338,5452,796
– Long to Short Ratio:2.0 to 10.4 to 13.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):23.978.651.0
– COT Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:23.1-21.4-14.5

 

Palladium Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Palladium Futures large speculator standing this week reached a net position of -2,954 contracts in the data reported through Tuesday. This was a weekly reduction of -538 contracts from the previous week which had a total of -2,416 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 1.6 percent. The commercials are Bullish-Extreme with a score of 96.6 percent and the small traders (not shown in chart) are Bearish with a score of 44.2 percent.

Palladium Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:26.451.814.1
– Percent of Open Interest Shorts:55.322.814.2
– Net Position:-2,9542,962-8
– Gross Longs:2,6915,2851,437
– Gross Shorts:5,6452,3231,445
– Long to Short Ratio:0.5 to 12.3 to 11.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):1.696.644.2
– COT Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-6.74.819.1

 

Article By InvestMacro.com – Receive our weekly COT Reports by Email

*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).


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