COT Futures: This Week’s Energy Markets Charts

May 7, 2022

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

COT_Commodities_OI

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 May 3rd 2022 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The markets with higher speculator bets this week were WTI Crude Oil (5,638 contracts) and Brent Crude Oil (11,213 contracts) while the markets with lower speculator bets this week were Natural Gas (-326 contracts), Heating Oil (-9,228 contracts), Gasoline (-860 contracts) and the Bloomberg Commodity Index (-2,138 contracts).


Data Snapshot of Commodity Market Traders | Columns Legend
May-03-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,751,5642321,7016-366,2139444,51278
Gold560,44131199,16842-231,8525532,68457
Silver137,692528,06850-39,3176011,2498
Copper185,25516-15,6233110,080665,54357
Palladium7,6386-2,75262,4559029761
Platinum66,54533-1,5411-3,6671005,20835
Natural Gas1,138,31912-117,7064372,8615444,84592
Brent168,12814-27,3186526,014371,30427
Heating Oil349,618316,45552-32,4343725,97988
Soybeans700,85622190,40277-165,35327-25,04929
Corn1,513,88023501,86594-451,2108-50,65514
Coffee206,337140,69777-43,007282,3105
Sugar818,6271201,59278-236,3942334,80251
Wheat319,233020,01260-14,22530-5,78782

 


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WTI Crude Oil Futures:

WTI Crude Oil Futures COT ChartThe WTI Crude Oil Futures large speculator standing this week reached a net position of 321,701 contracts in the data reported through Tuesday. This was a weekly gain of 5,638 contracts from the previous week which had a total of 316,063 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 5.9 percent. The commercials are Bullish-Extreme with a score of 93.9 percent and the small traders (not shown in chart) are Bullish with a score of 77.7 percent.

WTI Crude Oil Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.035.45.2
– Percent of Open Interest Shorts:5.656.32.6
– Net Position:321,701-366,21344,512
– Gross Longs:419,692620,32790,371
– Gross Shorts:97,991986,54045,859
– Long to Short Ratio:4.3 to 10.6 to 12.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):5.993.977.7
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-6.45.46.2

 


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 -27,318 contracts in the data reported through Tuesday. This was a weekly increase of 11,213 contracts from the previous week which had a total of -38,531 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 65.4 percent. The commercials are Bearish with a score of 36.6 percent and the small traders (not shown in chart) are Bearish with a score of 26.9 percent.

Brent Crude Oil Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:20.646.74.1
– Percent of Open Interest Shorts:36.931.23.3
– Net Position:-27,31826,0141,304
– Gross Longs:34,68578,4916,840
– Gross Shorts:62,00352,4775,536
– Long to Short Ratio:0.6 to 11.5 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):65.436.626.9
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.55.6-9.8

 


Natural Gas Futures:

Natural Gas Futures COT ChartThe Natural Gas Futures large speculator standing this week reached a net position of -117,706 contracts in the data reported through Tuesday. This was a weekly reduction of -326 contracts from the previous week which had a total of -117,380 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 43.3 percent. The commercials are Bullish with a score of 53.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.3 percent.

Natural Gas Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:21.738.96.4
– Percent of Open Interest Shorts:32.032.52.5
– Net Position:-117,70672,86144,845
– Gross Longs:247,092442,60472,900
– Gross Shorts:364,798369,74328,055
– Long to Short Ratio:0.7 to 11.2 to 12.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):43.353.892.3
– Strength Index Reading (3 Year Range):BearishBullishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.5-11.07.5

 


Gasoline Blendstock Futures:

RBOB Gasoline Energy Futures COT ChartThe Gasoline Blendstock Futures large speculator standing this week reached a net position of 38,381 contracts in the data reported through Tuesday. This was a weekly decline of -860 contracts from the previous week which had a total of 39,241 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 9.2 percent. The commercials are Bullish-Extreme with a score of 88.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.4 percent.

Nasdaq Mini Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.552.17.3
– Percent of Open Interest Shorts:13.168.03.9
– Net Position:38,381-48,99110,610
– Gross Longs:79,017161,24722,690
– Gross Shorts:40,636210,23812,080
– Long to Short Ratio:1.9 to 10.8 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):9.288.083.4
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-10.24.735.3

 


#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 6,455 contracts in the data reported through Tuesday. This was a weekly fall of -9,228 contracts from the previous week which had a total of 15,683 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 51.9 percent. The commercials are Bearish with a score of 36.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.4 percent.

Heating Oil Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:17.050.814.4
– Percent of Open Interest Shorts:15.160.16.9
– Net Position:6,455-32,43425,979
– Gross Longs:59,340177,62650,210
– Gross Shorts:52,885210,06024,231
– Long to Short Ratio:1.1 to 10.8 to 12.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):51.936.788.4
– Strength Index Reading (3 Year Range):BullishBearishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:4.2-10.323.6

 


Bloomberg Commodity Index Futures:

Bloomberg Commodity Index Futures COT ChartThe Bloomberg Commodity Index Futures large speculator standing this week reached a net position of -13,354 contracts in the data reported through Tuesday. This was a weekly fall of -2,138 contracts from the previous week which had a total of -11,216 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 56.4 percent. The commercials are Bearish with a score of 42.0 percent and the small traders (not shown in chart) are Bearish with a score of 44.0 percent.

Bloomberg Index Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:58.236.02.1
– Percent of Open Interest Shorts:96.20.00.2
– Net Position:-13,35412,665689
– Gross Longs:20,45812,665743
– Gross Shorts:33,812054
– Long to Short Ratio:0.6 to 1inf to 113.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):56.442.044.0
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.04.1-1.5

 


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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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.