By InvestMacro | COT | Data Tables | COT Leaders | 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 release was delayed by the CFTC due to the New Year’s holiday.
The latest COT data is updated through Tuesday December 28th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.
Highlighting the COT metals data is the positioning in the Copper futures. The speculative net position in the Copper futures rebounded strongly last week following nine consecutive weekly declines in speculator bets. The recent weakness had brought the overall net position in Copper futures to the lowest standing in the previous eighty-one weeks. Last week’s rise marked the largest one-week gain of the past ten weeks and pushed the overall net position to a six-week high.
Joining Copper (9,946 contracts) with gains on the week were Gold (7,345 contracts), Silver (5,532 contracts), Platinum (3,201 contracts) and Palladium (530 contracts).
| Dec-28-2021 | OI | OI-Index | Spec-Net | Spec-Index | Com-Net | COM-Index | Smalls-Net | Smalls-Index |
|---|---|---|---|---|---|---|---|---|
| WTI Crude | 1,867,339 | 0 | 338,429 | 20 | -373,092 | 71 | 34,663 | 64 |
| Gold | 508,912 | 22 | 213,156 | 56 | -245,664 | 43 | 32,508 | 56 |
| Silver | 141,246 | 8 | 26,458 | 49 | -41,928 | 58 | 15,470 | 30 |
| Copper | 180,736 | 13 | 14,383 | 53 | -19,679 | 46 | 5,296 | 56 |
| Palladium | 9,403 | 13 | -3,109 | 4 | 3,230 | 95 | -121 | 38 |
| Platinum | 60,353 | 22 | 4,469 | 9 | -10,655 | 94 | 6,186 | 48 |
| Natural Gas | 1,110,532 | 0 | -146,217 | 35 | 115,610 | 67 | 30,607 | 56 |
| Brent | 215,921 | 52 | -20,716 | 84 | 17,594 | 18 | 3,122 | 52 |
| Heating Oil | 302,721 | 3 | 4,897 | 50 | -21,060 | 49 | 16,163 | 54 |
| Soybeans | 647,225 | 9 | 125,285 | 61 | -93,079 | 44 | -32,206 | 18 |
| Corn | 1,522,692 | 25 | 458,176 | 89 | -411,793 | 13 | -46,383 | 16 |
| Coffee | 261,263 | 30 | 55,265 | 89 | -58,015 | 14 | 2,750 | 7 |
| Sugar | 864,262 | 9 | 184,686 | 75 | -209,011 | 29 | 24,325 | 38 |
| Wheat | 357,381 | 11 | 9,132 | 55 | -1,601 | 39 | -7,531 | 66 |
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Gold Comex Futures:
The Gold Comex Futures large speculator standing this week recorded a net position of 213,156 contracts in the data reported through Tuesday. This was a weekly gain of 7,345 contracts from the previous week which had a total of 205,811 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 55.6 percent. The commercials are Bearish with a score of 42.6 percent and the small traders (not shown in chart) are Bullish with a score of 56.5 percent.
| Gold Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 59.7 | 20.3 | 10.0 |
| – Percent of Open Interest Shorts: | 17.8 | 68.5 | 3.7 |
| – Net Position: | 213,156 | -245,664 | 32,508 |
| – Gross Longs: | 303,879 | 103,172 | 51,121 |
| – Gross Shorts: | 90,723 | 348,836 | 18,613 |
| – Long to Short Ratio: | 3.3 to 1 | 0.3 to 1 | 2.7 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 55.6 | 42.6 | 56.5 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -14.7 | 12.8 | 13.5 |
Silver Comex Futures:
The Silver Comex Futures large speculator standing this week recorded a net position of 26,458 contracts in the data reported through Tuesday. This was a weekly increase of 5,532 contracts from the previous week which had a total of 20,926 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 48.7 percent. The commercials are Bullish with a score of 57.8 percent and the small traders (not shown in chart) are Bearish with a score of 30.5 percent.
| Silver Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 45.2 | 29.3 | 19.0 |
| – Percent of Open Interest Shorts: | 26.5 | 59.0 | 8.1 |
| – Net Position: | 26,458 | -41,928 | 15,470 |
| – Gross Longs: | 63,873 | 41,386 | 26,850 |
| – Gross Shorts: | 37,415 | 83,314 | 11,380 |
| – Long to Short Ratio: | 1.7 to 1 | 0.5 to 1 | 2.4 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 48.7 | 57.8 | 30.5 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -19.1 | 23.8 | -30.5 |
Copper Grade #1 Futures:
The Copper Grade #1 Futures large speculator standing this week recorded a net position of 14,383 contracts in the data reported through Tuesday. This was a weekly lift of 9,946 contracts from the previous week which had a total of 4,437 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 52.7 percent. The commercials are Bearish with a score of 45.9 percent and the small traders (not shown in chart) are Bullish with a score of 55.9 percent.
| Copper Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 39.3 | 42.6 | 9.2 |
| – Percent of Open Interest Shorts: | 31.3 | 53.5 | 6.3 |
| – Net Position: | 14,383 | -19,679 | 5,296 |
| – Gross Longs: | 70,980 | 77,057 | 16,594 |
| – Gross Shorts: | 56,597 | 96,736 | 11,298 |
| – Long to Short Ratio: | 1.3 to 1 | 0.8 to 1 | 1.5 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 52.7 | 45.9 | 55.9 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -4.3 | 7.6 | -29.9 |
Platinum Futures:
The Platinum Futures large speculator standing this week recorded a net position of 4,469 contracts in the data reported through Tuesday. This was a weekly rise of 3,201 contracts from the previous week which had a total of 1,268 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 8.8 percent. The commercials are Bullish-Extreme with a score of 93.8 percent and the small traders (not shown in chart) are Bearish with a score of 48.3 percent.
| Platinum Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 45.0 | 35.9 | 15.9 |
| – Percent of Open Interest Shorts: | 37.6 | 53.5 | 5.6 |
| – Net Position: | 4,469 | -10,655 | 6,186 |
| – Gross Longs: | 27,133 | 21,661 | 9,568 |
| – Gross Shorts: | 22,664 | 32,316 | 3,382 |
| – Long to Short Ratio: | 1.2 to 1 | 0.7 to 1 | 2.8 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 8.8 | 93.8 | 48.3 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -23.9 | 25.2 | -14.3 |
Palladium Futures:
The Palladium Futures large speculator standing this week recorded a net position of -3,109 contracts in the data reported through Tuesday. This was a weekly increase of 530 contracts from the previous week which had a total of -3,639 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 3.6 percent. The commercials are Bullish-Extreme with a score of 95.3 percent and the small traders (not shown in chart) are Bearish with a score of 37.5 percent.
| Palladium Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 28.4 | 57.3 | 12.9 |
| – Percent of Open Interest Shorts: | 61.5 | 23.0 | 14.2 |
| – Net Position: | -3,109 | 3,230 | -121 |
| – Gross Longs: | 2,670 | 5,390 | 1,214 |
| – Gross Shorts: | 5,779 | 2,160 | 1,335 |
| – Long to Short Ratio: | 0.5 to 1 | 2.5 to 1 | 0.9 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 3.6 | 95.3 | 37.5 |
| – Strength Index Reading (3 Year Range): | Bearish-Extreme | Bullish-Extreme | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -5.8 | 6.6 | -10.8 |
Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
- Bitcoin hits an all-time high above $88,000. Oil remains under pressure Nov 12, 2024
- Brent Crude Stumbles as Market Sentiments Turn Cautious Nov 12, 2024
- Bitcoin hits new record high just shy of $82,000! Nov 11, 2024
- The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China Nov 11, 2024
