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COT Currency Speculators raised British Pound Sterling bearish bets for 10th week

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

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

The latest COT data is updated through Tuesday May 10th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data this week was the rise in bearish bets for the British pound sterling currency futures contracts. Pound speculators have raised their bearish bets for a tenth consecutive week this week and for the eleventh time out of the past twelve weeks. Over the past ten-week time-frame, pound bets have dropped by a total of -79,261 contracts, going from -337 net positions on March 1st to a total of -79,598 net positions this week. The deterioration in speculator sentiment has now pushed the pound net position to the most bearish standing of the past one hundred and thirty-seven weeks, dating back to September 24th of 2019.

Pound sterling sentiment has been hit by a recent slowing economy as the UK GDP declined by 0.1 percent in March after flat growth in February. Also, weighing on the UK economy is the war in Ukraine that has sharply raised inflation in the country (and elsewhere) and which could see the UK economy with the lowest growth rate among G7 countries in 2023, according to the IMF.

Overall, the currencies with higher speculator bets this week were the Euro (22,907 contracts), US Dollar Index (1,705 contracts), Bitcoin (315 contracts) and the Mexican peso (2,102 contracts).

The currencies with declining bets were the Japanese yen (-9,660 contracts), Australian dollar (-13,198 contracts), Brazil real (-1,010 contracts), Swiss franc (-1,856 contracts), British pound sterling (-5,785 contracts), New Zealand dollar (-6,386 contracts), Canadian dollar (-14,436 contracts), Russian ruble (-263 contracts) and the Mexican peso (2,102 contracts).


Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Forex Market Traders | Columns Legend
May-10-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 57,556 84 34,776 86 -37,174 13 2,398 43
EUR 705,046 84 16,529 40 -43,026 64 26,497 18
GBP 264,594 80 -79,598 17 95,245 86 -15,647 23
JPY 247,278 87 -110,454 1 124,927 97 -14,473 24
CHF 51,282 37 -15,763 40 29,819 69 -14,056 16
CAD 151,009 31 -5,407 38 2,939 67 2,468 35
AUD 153,209 47 -41,714 46 47,126 54 -5,412 39
NZD 56,235 56 -12,996 49 16,874 56 -3,878 7
MXN 153,858 28 16,725 34 -20,866 64 4,141 61
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 61,450 55 40,778 90 -42,031 10 1,253 79
Bitcoin 10,841 57 703 100 -789 0 86 15

Open Interest is the amount of contracts that were live in the marketplace at time of data.


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week came in at a net position of 34,776 contracts in the data reported through Tuesday. This was a weekly lift of 1,705 contracts from the previous week which had a total of 33,071 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 85.8 percent. The commercials are Bearish-Extreme with a score of 12.8 percent and the small traders (not shown in chart) are Bearish with a score of 42.8 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 86.6 3.2 8.6
– Percent of Open Interest Shorts: 26.2 67.8 4.5
– Net Position: 34,776 -37,174 2,398
– Gross Longs: 49,864 1,837 4,970
– Gross Shorts: 15,088 39,011 2,572
– Long to Short Ratio: 3.3 to 1 0.0 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 85.8 12.8 42.8
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.6 -3.4 -19.3

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week came in at a net position of 16,529 contracts in the data reported through Tuesday. This was a weekly increase of 22,907 contracts from the previous week which had a total of -6,378 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 40.1 percent. The commercials are Bullish with a score of 63.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.4 53.3 12.0
– Percent of Open Interest Shorts: 30.0 59.4 8.3
– Net Position: 16,529 -43,026 26,497
– Gross Longs: 228,230 376,043 84,921
– Gross Shorts: 211,701 419,069 58,424
– Long to Short Ratio: 1.1 to 1 0.9 to 1 1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 40.1 63.8 18.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -1.5 1.2 0.9

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week came in at a net position of -79,598 contracts in the data reported through Tuesday. This was a weekly fall of -5,785 contracts from the previous week which had a total of -73,813 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 16.6 percent. The commercials are Bullish-Extreme with a score of 86.0 percent and the small traders (not shown in chart) are Bearish with a score of 23.2 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 11.1 79.6 7.6
– Percent of Open Interest Shorts: 41.2 43.6 13.5
– Net Position: -79,598 95,245 -15,647
– Gross Longs: 29,469 210,627 20,157
– Gross Shorts: 109,067 115,382 35,804
– Long to Short Ratio: 0.3 to 1 1.8 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 16.6 86.0 23.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -28.5 25.6 -7.7

 


Japanese Yen Futures:

The Japanese Yen large speculator standing this week came in at a net position of -110,454 contracts in the data reported through Tuesday. This was a weekly decline of -9,660 contracts from the previous week which had a total of -100,794 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 0.8 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 24.0 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 4.5 86.2 8.0
– Percent of Open Interest Shorts: 49.2 35.7 13.9
– Net Position: -110,454 124,927 -14,473
– Gross Longs: 11,196 213,084 19,811
– Gross Shorts: 121,650 88,157 34,284
– Long to Short Ratio: 0.1 to 1 2.4 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 0.8 96.6 24.0
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.1 0.0 16.7

 


Swiss Franc Futures:

The Swiss Franc large speculator standing this week came in at a net position of -15,763 contracts in the data reported through Tuesday. This was a weekly fall of -1,856 contracts from the previous week which had a total of -13,907 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 39.8 percent. The commercials are Bullish with a score of 69.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.5 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 9.2 74.6 16.1
– Percent of Open Interest Shorts: 40.0 16.5 43.5
– Net Position: -15,763 29,819 -14,056
– Gross Longs: 4,727 38,258 8,271
– Gross Shorts: 20,490 8,439 22,327
– Long to Short Ratio: 0.2 to 1 4.5 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.8 69.2 15.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.7 8.0 -7.6

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week came in at a net position of -5,407 contracts in the data reported through Tuesday. This was a weekly fall of -14,436 contracts from the previous week which had a total of 9,029 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 38.3 percent. The commercials are Bullish with a score of 66.9 percent and the small traders (not shown in chart) are Bearish with a score of 34.7 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 25.6 49.8 21.8
– Percent of Open Interest Shorts: 29.2 47.9 20.1
– Net Position: -5,407 2,939 2,468
– Gross Longs: 38,679 75,215 32,880
– Gross Shorts: 44,086 72,276 30,412
– Long to Short Ratio: 0.9 to 1 1.0 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 38.3 66.9 34.7
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.0 14.5 -29.0

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week came in at a net position of -41,714 contracts in the data reported through Tuesday. This was a weekly decrease of -13,198 contracts from the previous week which had a total of -28,516 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 46.2 percent. The commercials are Bullish with a score of 54.0 percent and the small traders (not shown in chart) are Bearish with a score of 39.2 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.1 59.9 13.1
– Percent of Open Interest Shorts: 51.3 29.1 16.7
– Net Position: -41,714 47,126 -5,412
– Gross Longs: 36,869 91,731 20,131
– Gross Shorts: 78,583 44,605 25,543
– Long to Short Ratio: 0.5 to 1 2.1 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 46.2 54.0 39.2
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.3 4.7 -34.4

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week came in at a net position of -12,996 contracts in the data reported through Tuesday. This was a weekly fall of -6,386 contracts from the previous week which had a total of -6,610 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 49.5 percent. The commercials are Bullish with a score of 56.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.4 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 27.0 68.5 3.9
– Percent of Open Interest Shorts: 50.1 38.5 10.8
– Net Position: -12,996 16,874 -3,878
– Gross Longs: 15,203 38,541 2,216
– Gross Shorts: 28,199 21,667 6,094
– Long to Short Ratio: 0.5 to 1 1.8 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 49.5 56.4 7.4
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -20.4 26.0 -54.4

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week came in at a net position of 16,725 contracts in the data reported through Tuesday. This was a weekly advance of 2,102 contracts from the previous week which had a total of 14,623 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 34.5 percent. The commercials are Bullish with a score of 64.1 percent and the small traders (not shown in chart) are Bullish with a score of 60.6 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 41.5 53.1 4.2
– Percent of Open Interest Shorts: 30.7 66.7 1.5
– Net Position: 16,725 -20,866 4,141
– Gross Longs: 63,921 81,735 6,467
– Gross Shorts: 47,196 102,601 2,326
– Long to Short Ratio: 1.4 to 1 0.8 to 1 2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 34.5 64.1 60.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 10.6 -10.1 -3.5

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week came in at a net position of 40,778 contracts in the data reported through Tuesday. This was a weekly lowering of -1,010 contracts from the previous week which had a total of 41,788 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 90.5 percent. The commercials are Bearish-Extreme with a score of 10.3 percent and the small traders (not shown in chart) are Bullish with a score of 79.4 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 79.5 15.4 5.0
– Percent of Open Interest Shorts: 13.1 83.8 3.0
– Net Position: 40,778 -42,031 1,253
– Gross Longs: 48,835 9,454 3,070
– Gross Shorts: 8,057 51,485 1,817
– Long to Short Ratio: 6.1 to 1 0.2 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 90.5 10.3 79.4
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -1.8 3.5 -20.6

 


Russian Ruble Futures:

Russian Ruble Futures COT ChartThe Russian Ruble large speculator standing this week came in at a net position of 7,543 contracts in the data reported through Tuesday. This was a weekly fall of -263 contracts from the previous week which had a total of 7,806 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 31.2 percent. The commercials are Bullish with a score of 69.1 percent and the small traders (not shown in chart) are Bearish with a score of 23.9 percent.

RUSSIAN RUBLE Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 36.6 60.6 2.8
– Percent of Open Interest Shorts: 0.5 94.7 4.7
– Net Position: 7,543 -7,150 -393
– Gross Longs: 7,658 12,679 593
– Gross Shorts: 115 19,829 986
– Long to Short Ratio: 66.6 to 1 0.6 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 31.2 69.1 23.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -15.6 16.7 -18.8

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week came in at a net position of 703 contracts in the data reported through Tuesday. This was a weekly gain of 315 contracts from the previous week which had a total of 388 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 0.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.9 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 81.1 2.1 9.1
– Percent of Open Interest Shorts: 74.6 9.4 8.3
– Net Position: 703 -789 86
– Gross Longs: 8,789 227 989
– Gross Shorts: 8,086 1,016 903
– Long to Short Ratio: 1.1 to 1 0.2 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 100.0 0.0 14.9
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 19.0 -24.9 -13.6

 


Article By InvestMacroReceive 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.

COT Metals Charts: Speculator bets mostly lower this week

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 COT data is updated through Tuesday May 10th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Metals speculator bets overall were lower this week with four out of the five metals markets we cover seeing lower bets on the week. The metals markets are seeing a cool off in their speculative positions as well as their prices as most of these markets are down from a short-term peak in early March.

The only market with higher speculator bets this week was Platinum (2,904 contracts).

The markets with declining speculator bets this week were Silver (-8,986 contracts), Gold (-5,853 contracts), Copper (-7,003 contracts) and Palladium (-493 contracts).


Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Commodity Market Traders | Columns Legend
May-10-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,736,594 0 310,803 2 -354,479 98 43,676 77
Gold 571,447 34 193,315 40 -227,756 57 34,441 57
Silver 142,752 9 19,082 41 -30,519 69 11,437 9
Copper 184,502 15 -22,626 26 19,249 73 3,377 45
Palladium 8,832 11 -3,245 3 3,434 96 -189 33
Platinum 66,064 32 1,363 5 -5,373 98 4,010 18
Natural Gas 1,108,451 6 -112,529 45 64,006 51 48,523 100
Brent 173,911 19 -31,215 59 30,562 44 653 18
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 694,454 20 174,608 72 -147,698 33 -26,910 26
Corn 1,510,783 23 470,908 90 -415,345 13 -55,563 11
Coffee 212,659 5 32,555 69 -33,559 37 1,004 0
Sugar 797,453 0 187,185 75 -220,611 26 33,426 49
Wheat 308,326 0 21,686 48 -17,779 34 -3,907 92

 


Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week reached a net position of 193,315 contracts in the data reported through Tuesday. This was a weekly lowering of -5,853 contracts from the previous week which had a total of 199,168 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 39.9 percent. The commercials are Bullish with a score of 56.8 percent and the small traders (not shown in chart) are Bullish with a score of 57.3 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 50.6 23.1 9.1
– Percent of Open Interest Shorts: 16.7 63.0 3.1
– Net Position: 193,315 -227,756 34,441
– Gross Longs: 288,947 132,251 52,098
– Gross Shorts: 95,632 360,007 17,657
– Long to Short Ratio: 3.0 to 1 0.4 to 1 3.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.9 56.8 57.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -24.1 21.0 19.4

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week reached a net position of 19,082 contracts in the data reported through Tuesday. This was a weekly fall of -8,986 contracts from the previous week which had a total of 28,068 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 41.4 percent. The commercials are Bullish with a score of 69.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.5 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 41.9 36.9 17.4
– Percent of Open Interest Shorts: 28.5 58.3 9.4
– Net Position: 19,082 -30,519 11,437
– Gross Longs: 59,829 52,637 24,862
– Gross Shorts: 40,747 83,156 13,425
– Long to Short Ratio: 1.5 to 1 0.6 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 41.4 69.0 9.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -29.1 30.3 -9.9

 


Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week reached a net position of -22,626 contracts in the data reported through Tuesday. This was a weekly lowering of -7,003 contracts from the previous week which had a total of -15,623 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 26.1 percent. The commercials are Bullish with a score of 72.7 percent and the small traders (not shown in chart) are Bearish with a score of 44.8 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.2 50.6 9.3
– Percent of Open Interest Shorts: 43.4 40.1 7.5
– Net Position: -22,626 19,249 3,377
– Gross Longs: 57,510 93,318 17,183
– Gross Shorts: 80,136 74,069 13,806
– Long to Short Ratio: 0.7 to 1 1.3 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 26.1 72.7 44.8
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -38.3 38.9 -19.5

 


Platinum Futures:

The Platinum Futures large speculator standing this week reached a net position of 1,363 contracts in the data reported through Tuesday. This was a weekly rise of 2,904 contracts from the previous week which had a total of -1,541 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 5.3 percent. The commercials are Bullish-Extreme with a score of 97.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.9 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 43.6 39.8 12.2
– Percent of Open Interest Shorts: 41.5 47.9 6.1
– Net Position: 1,363 -5,373 4,010
– Gross Longs: 28,774 26,293 8,029
– Gross Shorts: 27,411 31,666 4,019
– Long to Short Ratio: 1.0 to 1 0.8 to 1 2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 5.3 97.6 17.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -18.1 21.2 -38.4

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week reached a net position of -3,245 contracts in the data reported through Tuesday. This was a weekly decrease of -493 contracts from the previous week which had a total of -2,752 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 3.0 percent. The commercials are Bullish-Extreme with a score of 96.1 percent and the small traders (not shown in chart) are Bearish with a score of 32.9 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 11.5 59.0 11.1
– Percent of Open Interest Shorts: 48.2 20.1 13.3
– Net Position: -3,245 3,434 -189
– Gross Longs: 1,013 5,209 982
– Gross Shorts: 4,258 1,775 1,171
– Long to Short Ratio: 0.2 to 1 2.9 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 3.0 96.1 32.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.1 11.8 -48.4

 


Article By InvestMacroReceive 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.

COT Bonds Futures Charts: Speculator bets higher this week

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 COT data is updated through Tuesday May 10th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Bonds market speculator bets mostly rose this week as seven out of the eight bond markets we cover saw higher positioning this week. Most of these markets are deeply bearish (speculator levels and price levels) as bond markets have been declining mightily in this higher interest rate environment this year. This week’s rise in bond speculator bets will likely be short-lived although there have been increasing calls that bond markets may have hit or are approaching a short term bottom.

Overall, the markets with higher speculator bets this week were 2-Year Bond (2,342 contracts), Eurodollar (87,521 contracts), 10-Year Bond (61,565 contracts), Ultra 10-Year (15,302 contracts), Long US Bond (1,942 contracts), Fed Funds (104,415 contracts) and the Ultra US Bond (7,666 contracts).

The only market with declining speculator bets this week was the 5-Year Bond (-6,738 contracts).


Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Bond Market Traders | Columns Legend
May-10-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
Eurodollar 10,439,124 33 -2,600,587 3 3,030,504 97 -429,917 10
FedFunds 1,750,404 55 49,162 46 -49,266 54 104 60
2-Year 2,264,774 21 -126,829 57 201,609 64 -74,780 17
Long T-Bond 1,207,560 50 15,453 90 -4,991 19 -10,462 44
10-Year 3,722,697 45 -85,972 59 268,376 54 -182,404 36
5-Year 3,813,677 38 -325,674 26 502,383 75 -176,709 32

 


3-Month Eurodollars Futures:

Eurodollar Bonds Futures COT ChartThe 3-Month Eurodollars large speculator standing this week reached a net position of -2,600,587 contracts in the data reported through Tuesday. This was a weekly boost of 87,521 contracts from the previous week which had a total of -2,688,108 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 3.3 percent. The commercials are Bullish-Extreme with a score of 96.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.8 percent.

3-Month Eurodollars Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 3.4 75.3 4.1
– Percent of Open Interest Shorts: 28.3 46.3 8.2
– Net Position: -2,600,587 3,030,504 -429,917
– Gross Longs: 356,101 7,861,403 422,820
– Gross Shorts: 2,956,688 4,830,899 852,737
– Long to Short Ratio: 0.1 to 1 1.6 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 3.3 96.6 9.8
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -3.3 3.2 -0.4

 


30-Day Federal Funds Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe 30-Day Federal Funds large speculator standing this week reached a net position of 49,162 contracts in the data reported through Tuesday. This was a weekly gain of 104,415 contracts from the previous week which had a total of -55,253 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 45.7 percent. The commercials are Bullish with a score of 53.9 percent and the small traders (not shown in chart) are Bullish with a score of 60.0 percent.

30-Day Federal Funds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.9 75.2 2.3
– Percent of Open Interest Shorts: 3.1 78.0 2.3
– Net Position: 49,162 -49,266 104
– Gross Longs: 103,238 1,316,147 39,627
– Gross Shorts: 54,076 1,365,413 39,523
– Long to Short Ratio: 1.9 to 1 1.0 to 1 1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 45.7 53.9 60.0
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.8 -10.3 53.3

 


2-Year Treasury Note Futures:

2-Year Treasury Bonds Futures COT ChartThe 2-Year Treasury Note large speculator standing this week reached a net position of -126,829 contracts in the data reported through Tuesday. This was a weekly rise of 2,342 contracts from the previous week which had a total of -129,171 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 56.7 percent. The commercials are Bullish with a score of 63.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.4 percent.

2-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.1 77.3 6.2
– Percent of Open Interest Shorts: 17.7 68.4 9.5
– Net Position: -126,829 201,609 -74,780
– Gross Longs: 275,153 1,751,572 140,782
– Gross Shorts: 401,982 1,549,963 215,562
– Long to Short Ratio: 0.7 to 1 1.1 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 56.7 63.9 17.4
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -13.7 8.7 11.6

 


5-Year Treasury Note Futures:

5-Year Treasury Bonds Futures COT ChartThe 5-Year Treasury Note large speculator standing this week reached a net position of -325,674 contracts in the data reported through Tuesday. This was a weekly decrease of -6,738 contracts from the previous week which had a total of -318,936 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 26.1 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 32.5 percent.

5-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 7.6 83.0 7.1
– Percent of Open Interest Shorts: 16.2 69.9 11.8
– Net Position: -325,674 502,383 -176,709
– Gross Longs: 291,527 3,167,247 271,640
– Gross Shorts: 617,201 2,664,864 448,349
– Long to Short Ratio: 0.5 to 1 1.2 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 26.1 74.5 32.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.3 -11.7 16.6

 


10-Year Treasury Note Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe 10-Year Treasury Note large speculator standing this week reached a net position of -85,972 contracts in the data reported through Tuesday. This was a weekly advance of 61,565 contracts from the previous week which had a total of -147,537 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 59.4 percent. The commercials are Bullish with a score of 53.8 percent and the small traders (not shown in chart) are Bearish with a score of 36.2 percent.

10-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.9 76.5 8.4
– Percent of Open Interest Shorts: 13.2 69.2 13.3
– Net Position: -85,972 268,376 -182,404
– Gross Longs: 406,123 2,846,309 313,590
– Gross Shorts: 492,095 2,577,933 495,994
– Long to Short Ratio: 0.8 to 1 1.1 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 59.4 53.8 36.2
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 59.4 -46.2 -0.3

 


Ultra 10-Year Notes Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Ultra 10-Year Notes large speculator standing this week reached a net position of -95,416 contracts in the data reported through Tuesday. This was a weekly increase of 15,302 contracts from the previous week which had a total of -110,718 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 4.0 percent. The commercials are Bullish-Extreme with a score of 93.4 percent and the small traders (not shown in chart) are Bearish with a score of 48.6 percent.

Ultra 10-Year Notes Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 4.5 82.9 11.3
– Percent of Open Interest Shorts: 12.2 66.3 20.3
– Net Position: -95,416 207,218 -111,802
– Gross Longs: 56,783 1,034,536 141,487
– Gross Shorts: 152,199 827,318 253,289
– Long to Short Ratio: 0.4 to 1 1.3 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 4.0 93.4 48.6
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.7 0.4 12.4

 


US Treasury Bonds Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe US Treasury Bonds large speculator standing this week reached a net position of 15,453 contracts in the data reported through Tuesday. This was a weekly increase of 1,942 contracts from the previous week which had a total of 13,511 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 89.6 percent. The commercials are Bearish-Extreme with a score of 18.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.3 percent.

US Treasury Bonds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.9 72.1 13.0
– Percent of Open Interest Shorts: 9.6 72.5 13.8
– Net Position: 15,453 -4,991 -10,462
– Gross Longs: 131,916 870,932 156,698
– Gross Shorts: 116,463 875,923 167,160
– Long to Short Ratio: 1.1 to 1 1.0 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 89.6 18.5 44.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.2 -0.6 1.9

 


Ultra US Treasury Bonds Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe Ultra US Treasury Bonds large speculator standing this week reached a net position of -311,513 contracts in the data reported through Tuesday. This was a weekly advance of 7,666 contracts from the previous week which had a total of -319,179 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 58.1 percent. The commercials are Bullish with a score of 57.2 percent and the small traders (not shown in chart) are Bearish with a score of 43.2 percent.

Ultra US Treasury Bonds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 3.6 84.6 11.4
– Percent of Open Interest Shorts: 28.2 61.6 9.8
– Net Position: -311,513 290,655 20,858
– Gross Longs: 45,084 1,069,894 144,208
– Gross Shorts: 356,597 779,239 123,350
– Long to Short Ratio: 0.1 to 1 1.4 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 58.1 57.2 43.2
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.9 0.8 -9.9

 


Article By InvestMacroReceive 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.

COT Futures: This Week’s Energy Charts

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 COT data is updated through Tuesday May 10th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The energy markets with higher speculator bets this week were Natural Gas (5,177 contracts) and the Bloomberg Commodity Index (91 contracts).

The markets with declining speculator bets this week were WTI Crude Oil (-10,898 contracts), Brent Crude Oil (-3,897 contracts), Heating Oil (-9,228 contracts) and Gasoline (-7,003 contracts).


Data Snapshot of Commodity Market Traders | Columns Legend
May-10-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,736,594 0 310,803 2 -354,479 98 43,676 77
Gold 571,447 34 193,315 40 -227,756 57 34,441 57
Silver 142,752 9 19,082 41 -30,519 69 11,437 9
Copper 184,502 15 -22,626 26 19,249 73 3,377 45
Palladium 8,832 11 -3,245 3 3,434 96 -189 33
Platinum 66,064 32 1,363 5 -5,373 98 4,010 18
Natural Gas 1,108,451 6 -112,529 45 64,006 51 48,523 100
Brent 173,911 19 -31,215 59 30,562 44 653 18
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 694,454 20 174,608 72 -147,698 33 -26,910 26
Corn 1,510,783 23 470,908 90 -415,345 13 -55,563 11
Coffee 212,659 5 32,555 69 -33,559 37 1,004 0
Sugar 797,453 0 187,185 75 -220,611 26 33,426 49
Wheat 308,326 0 21,686 48 -17,779 34 -3,907 92

 


WTI Crude Oil Futures:

WTI Crude Oil Futures COT ChartThe WTI Crude Oil Futures large speculator standing this week equaled a net position of 310,803 contracts in the data reported through Tuesday. This was a weekly fall of -10,898 contracts from the previous week which had a total of 321,701 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 2.1 percent. The commercials are Bullish-Extreme with a score of 98.5 percent and the small traders (not shown in chart) are Bullish with a score of 76.6 percent.

WTI Crude Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 23.9 35.4 5.2
– Percent of Open Interest Shorts: 6.0 55.8 2.7
– Net Position: 310,803 -354,479 43,676
– Gross Longs: 415,170 614,716 90,689
– Gross Shorts: 104,367 969,195 47,013
– Long to Short Ratio: 4.0 to 1 0.6 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 2.1 98.5 76.6
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -2.8 2.2 3.2

 


Brent Crude Oil Futures:

Brent Last Day Crude Oil Futures COT ChartThe Brent Crude Oil Futures large speculator standing this week equaled a net position of -31,215 contracts in the data reported through Tuesday. This was a weekly fall of -3,897 contracts from the previous week which had a total of -27,318 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 58.8 percent. The commercials are Bearish with a score of 44.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.0 percent.

Brent Crude Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 19.2 48.1 5.0
– Percent of Open Interest Shorts: 37.2 30.5 4.6
– Net Position: -31,215 30,562 653
– Gross Longs: 33,423 83,639 8,698
– Gross Shorts: 64,638 53,077 8,045
– Long to Short Ratio: 0.5 to 1 1.6 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 58.8 44.1 18.0
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -10.1 14.9 -40.0

 


Natural Gas Futures:

Natural Gas Futures COT ChartThe Natural Gas Futures large speculator standing this week equaled a net position of -112,529 contracts in the data reported through Tuesday. This was a weekly boost of 5,177 contracts from the previous week which had a total of -117,706 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 44.8 percent. The commercials are Bullish with a score of 51.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

Natural Gas Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.1 37.9 6.6
– Percent of Open Interest Shorts: 31.3 32.2 2.2
– Net Position: -112,529 64,006 48,523
– Gross Longs: 234,306 420,582 73,144
– Gross Shorts: 346,835 356,576 24,621
– Long to Short Ratio: 0.7 to 1 1.2 to 1 3.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 44.8 51.0 100.0
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.5 -9.1 9.6

 


Gasoline Blendstock Futures:

RBOB Gasoline Energy Futures COT ChartThe Gasoline Blendstock Futures large speculator standing this week equaled a net position of 31,378 contracts in the data reported through Tuesday. This was a weekly decline of -7,003 contracts from the previous week which had a total of 38,381 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 2.1 percent. The commercials are Bullish-Extreme with a score of 93.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 97.3 percent.

Nasdaq Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.6 50.9 8.3
– Percent of Open Interest Shorts: 14.2 65.6 4.0
– Net Position: 31,378 -44,072 12,694
– Gross Longs: 73,929 152,809 24,799
– Gross Shorts: 42,551 196,881 12,105
– Long to Short Ratio: 1.7 to 1 0.8 to 1 2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 2.1 93.0 97.3
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -9.0 3.7 34.1

 


#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 equaled a net position of 6,455 contracts in the data reported through Tuesday. This was a weekly lowering 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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 17.0 50.8 14.4
– Percent of Open Interest Shorts: 15.1 60.1 6.9
– Net Position: 6,455 -32,434 25,979
– Gross Longs: 59,340 177,626 50,210
– Gross Shorts: 52,885 210,060 24,231
– Long to Short Ratio: 1.1 to 1 0.8 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 51.9 36.7 88.4
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.2 -10.3 23.6

 


Bloomberg Commodity Index Futures:

Bloomberg Commodity Index Futures COT ChartThe Bloomberg Commodity Index Futures large speculator standing this week equaled a net position of -13,263 contracts in the data reported through Tuesday. This was a weekly lift of 91 contracts from the previous week which had a total of -13,354 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 56.8 percent. The commercials are Bearish with a score of 41.9 percent and the small traders (not shown in chart) are Bearish with a score of 41.5 percent.

Bloomberg Index Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 57.7 36.7 2.0
– Percent of Open Interest Shorts: 96.2 0.0 0.2
– Net Position: -13,263 12,644 619
– Gross Longs: 19,888 12,644 703
– Gross Shorts: 33,151 0 84
– Long to Short Ratio: 0.6 to 1 inf to 1 8.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 56.8 41.9 41.5
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -15.0 16.3 -11.1

 


Article By InvestMacroReceive 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.

COT Soft Commodities Charts: Speculator bets mostly cool off this week

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 COT data is updated through Tuesday May 10th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Soft commodities speculator bets cooled off this week with nine out of the eleven markets we cover showing a decrease in their positioning. Soft commodities markets have been red hot this year with the war in Ukraine causing food disruptions, general production problems, food protectionism and, of course, with inflation rising throughout the world.

Overall, the soft commodities that saw higher bets this week were just Soybean Oil (3,305 contracts) and Wheat (1,674 contracts).

Meanwhile, the soft commodities that saw lower speculator bets on the week were Corn (-30,957 contracts), Sugar (-14,407 contracts), Coffee (-8,142 contracts), Soybeans (-15,794 contracts), Soybean Meal (-15,429 contracts), Live Cattle (-7,233 contracts), Lean Hogs (-5,671 contracts), Cotton (-1,674 contracts) and Cocoa (-15,513 contracts).


Data Snapshot of Commodity Market Traders | Columns Legend
May-10-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,736,594 0 310,803 2 -354,479 98 43,676 77
Gold 571,447 34 193,315 40 -227,756 57 34,441 57
Silver 142,752 9 19,082 41 -30,519 69 11,437 9
Copper 184,502 15 -22,626 26 19,249 73 3,377 45
Palladium 8,832 11 -3,245 3 3,434 96 -189 33
Platinum 66,064 32 1,363 5 -5,373 98 4,010 18
Natural Gas 1,108,451 6 -112,529 45 64,006 51 48,523 100
Brent 173,911 19 -31,215 59 30,562 44 653 18
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 694,454 20 174,608 72 -147,698 33 -26,910 26
Corn 1,510,783 23 470,908 90 -415,345 13 -55,563 11
Coffee 212,659 5 32,555 69 -33,559 37 1,004 0
Sugar 797,453 0 187,185 75 -220,611 26 33,426 49
Wheat 308,326 0 21,686 48 -17,779 34 -3,907 92

 


CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week totaled a net position of 470,908 contracts in the data reported through Tuesday. This was a weekly reduction of -30,957 contracts from the previous week which had a total of 501,865 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 90.2 percent. The commercials are Bearish-Extreme with a score of 12.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.1 percent.

CORN Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 37.9 42.7 8.9
– Percent of Open Interest Shorts: 6.8 70.2 12.6
– Net Position: 470,908 -415,345 -55,563
– Gross Longs: 573,327 644,830 134,903
– Gross Shorts: 102,419 1,060,175 190,466
– Long to Short Ratio: 5.6 to 1 0.6 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 90.2 12.8 11.1
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -1.4 1.3 1.1

 


SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week totaled a net position of 187,185 contracts in the data reported through Tuesday. This was a weekly lowering of -14,407 contracts from the previous week which had a total of 201,592 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 75.1 percent. The commercials are Bearish with a score of 26.3 percent and the small traders (not shown in chart) are Bearish with a score of 49.2 percent.

SUGAR Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.5 45.8 10.8
– Percent of Open Interest Shorts: 8.0 73.5 6.6
– Net Position: 187,185 -220,611 33,426
– Gross Longs: 251,330 365,263 86,129
– Gross Shorts: 64,145 585,874 52,703
– Long to Short Ratio: 3.9 to 1 0.6 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 75.1 26.3 49.2
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.3 -3.4 -9.6

 


COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week totaled a net position of 32,555 contracts in the data reported through Tuesday. This was a weekly decrease of -8,142 contracts from the previous week which had a total of 40,697 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 36.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

COFFEE Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 23.8 56.1 3.6
– Percent of Open Interest Shorts: 8.5 71.9 3.1
– Net Position: 32,555 -33,559 1,004
– Gross Longs: 50,564 119,399 7,690
– Gross Shorts: 18,009 152,958 6,686
– Long to Short Ratio: 2.8 to 1 0.8 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 69.2 36.5 0.0
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.9 7.3 -20.9

 


SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week totaled a net position of 174,608 contracts in the data reported through Tuesday. This was a weekly fall of -15,794 contracts from the previous week which had a total of 190,402 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 71.9 percent. The commercials are Bearish with a score of 33.1 percent and the small traders (not shown in chart) are Bearish with a score of 25.6 percent.

SOYBEANS Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.4 48.2 7.1
– Percent of Open Interest Shorts: 7.3 69.5 11.0
– Net Position: 174,608 -147,698 -26,910
– Gross Longs: 225,260 334,792 49,376
– Gross Shorts: 50,652 482,490 76,286
– Long to Short Ratio: 4.4 to 1 0.7 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 71.9 33.1 25.6
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -8.3 7.8 1.3

 


SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week totaled a net position of 100,596 contracts in the data reported through Tuesday. This was a weekly lift of 3,305 contracts from the previous week which had a total of 97,291 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 76.6 percent. The commercials are Bearish with a score of 21.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.5 percent.

SOYBEAN OIL Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.0 45.8 9.9
– Percent of Open Interest Shorts: 4.8 77.9 5.0
– Net Position: 100,596 -118,831 18,235
– Gross Longs: 118,463 169,761 36,820
– Gross Shorts: 17,867 288,592 18,585
– Long to Short Ratio: 6.6 to 1 0.6 to 1 2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 76.6 21.8 81.5
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.7 -8.6 10.0

 


SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week totaled a net position of 84,132 contracts in the data reported through Tuesday. This was a weekly reduction of -15,429 contracts from the previous week which had a total of 99,561 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 74.3 percent. The commercials are Bearish with a score of 26.8 percent and the small traders (not shown in chart) are Bullish with a score of 57.5 percent.

SOYBEAN MEAL Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.7 47.1 12.5
– Percent of Open Interest Shorts: 7.4 77.1 5.9
– Net Position: 84,132 -108,059 23,927
– Gross Longs: 110,648 169,583 45,065
– Gross Shorts: 26,516 277,642 21,138
– Long to Short Ratio: 4.2 to 1 0.6 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 74.3 26.8 57.5
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -21.0 22.2 -25.5

 


LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week totaled a net position of 39,803 contracts in the data reported through Tuesday. This was a weekly fall of -7,233 contracts from the previous week which had a total of 47,036 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 26.5 percent. The commercials are Bullish with a score of 66.7 percent and the small traders (not shown in chart) are Bullish with a score of 67.9 percent.

LIVE CATTLE Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 36.0 38.1 10.8
– Percent of Open Interest Shorts: 23.1 49.7 12.1
– Net Position: 39,803 -35,783 -4,020
– Gross Longs: 111,188 117,509 33,291
– Gross Shorts: 71,385 153,292 37,311
– Long to Short Ratio: 1.6 to 1 0.8 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 26.5 66.7 67.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -14.7 8.4 22.1

 


LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week totaled a net position of 16,360 contracts in the data reported through Tuesday. This was a weekly reduction of -5,671 contracts from the previous week which had a total of 22,031 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 24.6 percent. The commercials are Bullish-Extreme with a score of 80.7 percent and the small traders (not shown in chart) are Bullish with a score of 67.8 percent.

LEAN HOGS Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.7 38.0 10.2
– Percent of Open Interest Shorts: 23.1 43.0 12.8
– Net Position: 16,360 -10,817 -5,543
– Gross Longs: 66,483 82,353 22,102
– Gross Shorts: 50,123 93,170 27,645
– Long to Short Ratio: 1.3 to 1 0.9 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 24.6 80.7 67.8
– Strength Index Reading (3 Year Range): Bearish Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -40.1 40.4 13.7

 


COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week totaled a net position of 81,759 contracts in the data reported through Tuesday. This was a weekly decline of -1,674 contracts from the previous week which had a total of 83,433 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 74.8 percent. The commercials are Bearish with a score of 23.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.2 percent.

COTTON Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 46.8 33.8 8.5
– Percent of Open Interest Shorts: 6.3 79.6 3.1
– Net Position: 81,759 -92,603 10,844
– Gross Longs: 94,579 68,251 17,191
– Gross Shorts: 12,820 160,854 6,347
– Long to Short Ratio: 7.4 to 1 0.4 to 1 2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 74.8 23.9 81.2
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -1.5 2.7 -14.1

 


COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week totaled a net position of 21,046 contracts in the data reported through Tuesday. This was a weekly decline of -15,513 contracts from the previous week which had a total of 36,559 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 38.3 percent. The commercials are Bullish with a score of 59.9 percent and the small traders (not shown in chart) are Bullish with a score of 53.8 percent.

COCOA Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.0 44.1 6.1
– Percent of Open Interest Shorts: 23.5 53.6 4.0
– Net Position: 21,046 -26,770 5,724
– Gross Longs: 87,140 124,216 17,042
– Gross Shorts: 66,094 150,986 11,318
– 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): 38.3 59.9 53.8
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -18.3 21.1 -30.6

 


WHEAT Futures:

The WHEAT large speculator standing this week totaled a net position of 21,686 contracts in the data reported through Tuesday. This was a weekly gain of 1,674 contracts from the previous week which had a total of 20,012 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 48.3 percent. The commercials are Bearish with a score of 34.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.3 percent.

WHEAT Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 36.2 39.1 9.7
– Percent of Open Interest Shorts: 29.1 44.9 10.9
– Net Position: 21,686 -17,779 -3,907
– Gross Longs: 111,546 120,631 29,835
– Gross Shorts: 89,860 138,410 33,742
– Long to Short Ratio: 1.2 to 1 0.9 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 48.3 34.4 92.3
– Strength Index Reading (3 Year Range): Bearish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 10.4 -11.9 1.2

 


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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.

Currency Speculators drop Euro bets into bearish territory on interest rates & low growth

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

COT Open Interest Currencies Forex

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. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the continued drop in speculator bets for European common currency futures contracts. Euro speculators reduced their bets for the third straight week this week and have now trimmed the net position by a total of -45,438 contracts over this three-week period. This decreasing sentiment among speculators accelerated this week with a large drop of -28,579 contracts and knocked the net contract level back into a bearish position for the first time since the beginning of October 2021.

The fundamental backdrop for the euro is one of weak growth and low interest rates compared to many of the other major currency countries. The Eurozone GDP for the first quarter of 2022 amounted to just 0.2 percent growth following a fourth quarter of 2021 growth reading of 0.3 percent. The war in Ukraine combined with surging inflation and weakening consumer demand has some banks believing a GDP contraction could be on the horizon while others see parity in the euro versus the US dollar as inevitable. Eurozone interest rates are forecasted to rise this year but they have been behind their major currency counterparts. The US, Canada, UK, Australia and New Zealand have all raised their benchmark interest rates over the past quarter and look likely to see more over the year, possibly widening the interest rate differential even more if the European Central Bank does not act.

This week was a very rare week when all the currencies we cover had lower speculator bets including the Euro (-28,579 contracts), Canadian dollar (-11,852 contracts), New Zealand dollar (-6,676 contracts), Mexican peso (-5,503 contracts), Japanese yen (-5,259 contracts), Brazil real (-5,096 contracts), British pound sterling (-4,192 contracts), Swiss franc (-1,038 contracts), US Dollar Index (-808 contracts), Australian dollar (-865 contracts) and Bitcoin (-24 contracts).


Forex Strength Speculators levels

Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Forex Market Traders | Columns Legend
May-03-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 54,092 76 33,071 83 -35,684 15 2,613 45
EUR 694,926 80 -6,378 33 -24,586 69 30,964 26
GBP 268,496 82 -73,813 21 89,026 82 -15,213 24
JPY 254,813 92 -100,794 7 120,264 94 -19,470 14
CHF 49,385 31 -13,907 46 30,542 68 -16,635 7
CAD 152,779 32 9,029 56 -12,959 51 3,930 38
AUD 152,257 46 -28,516 58 34,225 44 -5,709 39
NZD 50,844 45 -6,610 60 9,879 46 -3,269 14
MXN 151,933 27 14,623 34 -18,552 65 3,929 60
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 61,549 56 41,788 91 -43,371 9 1,583 83
Bitcoin 10,051 52 388 100 -429 0 41 14

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week came in at a net position of 33,071 contracts in the data reported through Tuesday. This was a weekly lowering of -808 contracts from the previous week which had a total of 33,879 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 82.8 percent. The commercials are Bearish-Extreme with a score of 15.3 percent and the small traders (not shown in chart) are Bearish with a score of 45.1 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 85.5 2.7 9.8
– Percent of Open Interest Shorts: 24.4 68.6 5.0
– Net Position: 33,071 -35,684 2,613
– Gross Longs: 46,264 1,439 5,296
– Gross Shorts: 13,193 37,123 2,683
– Long to Short Ratio: 3.5 to 1 0.0 to 1 2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 82.8 15.3 45.1
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.9 -3.6 -13.9

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week came in at a net position of -6,378 contracts in the data reported through Tuesday. This was a weekly lowering of -28,579 contracts from the previous week which had a total of 22,201 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 33.0 percent. The commercials are Bullish with a score of 69.0 percent and the small traders (not shown in chart) are Bearish with a score of 25.7 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.0 55.1 12.7
– Percent of Open Interest Shorts: 30.9 58.7 8.2
– Net Position: -6,378 -24,586 30,964
– Gross Longs: 208,449 383,222 88,267
– Gross Shorts: 214,827 407,808 57,303
– Long to Short Ratio: 1.0 to 1 0.9 to 1 1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 33.0 69.0 25.7
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -9.3 6.2 13.9

 


British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week came in at a net position of -73,813 contracts in the data reported through Tuesday. This was a weekly decline of -4,192 contracts from the previous week which had a total of -69,621 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 20.8 percent. The commercials are Bullish-Extreme with a score of 82.3 percent and the small traders (not shown in chart) are Bearish with a score of 24.1 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.5 77.7 7.7
– Percent of Open Interest Shorts: 40.0 44.6 13.3
– Net Position: -73,813 89,026 -15,213
– Gross Longs: 33,536 208,754 20,590
– Gross Shorts: 107,349 119,728 35,803
– Long to Short Ratio: 0.3 to 1 1.7 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 20.8 82.3 24.1
– Strength Index Reading (3 Year Range): Bearish Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -26.3 22.8 -4.3

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week came in at a net position of -100,794 contracts in the data reported through Tuesday. This was a weekly lowering of -5,259 contracts from the previous week which had a total of -95,535 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 6.8 percent. The commercials are Bullish-Extreme with a score of 94.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.9 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 7.3 84.6 7.1
– Percent of Open Interest Shorts: 46.8 37.4 14.7
– Net Position: -100,794 120,264 -19,470
– Gross Longs: 18,585 215,563 18,007
– Gross Shorts: 119,379 95,299 37,477
– Long to Short Ratio: 0.2 to 1 2.3 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 6.8 94.3 13.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -13.7 7.5 13.9

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week came in at a net position of -13,907 contracts in the data reported through Tuesday. This was a weekly decline of -1,038 contracts from the previous week which had a total of -12,869 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 45.7 percent. The commercials are Bullish with a score of 68.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.3 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 8.8 75.8 15.0
– Percent of Open Interest Shorts: 37.0 13.9 48.7
– Net Position: -13,907 30,542 -16,635
– Gross Longs: 4,357 37,429 7,397
– Gross Shorts: 18,264 6,887 24,032
– Long to Short Ratio: 0.2 to 1 5.4 to 1 0.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 45.7 68.3 7.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -9.6 11.9 -14.5

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week came in at a net position of 9,029 contracts in the data reported through Tuesday. This was a weekly decrease of -11,852 contracts from the previous week which had a total of 20,881 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 55.7 percent. The commercials are Bullish with a score of 51.2 percent and the small traders (not shown in chart) are Bearish with a score of 37.6 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 29.2 47.5 21.0
– Percent of Open Interest Shorts: 23.3 56.0 18.4
– Net Position: 9,029 -12,959 3,930
– Gross Longs: 44,670 72,629 32,093
– Gross Shorts: 35,641 85,588 28,163
– Long to Short Ratio: 1.3 to 1 0.8 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 55.7 51.2 37.6
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 13.8 -4.0 -17.1

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week came in at a net position of -28,516 contracts in the data reported through Tuesday. This was a weekly decrease of -865 contracts from the previous week which had a total of -27,651 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 58.4 percent. The commercials are Bearish with a score of 44.4 percent and the small traders (not shown in chart) are Bearish with a score of 38.5 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.9 52.6 14.0
– Percent of Open Interest Shorts: 49.6 30.2 17.8
– Net Position: -28,516 34,225 -5,709
– Gross Longs: 46,995 80,147 21,330
– Gross Shorts: 75,511 45,922 27,039
– Long to Short Ratio: 0.6 to 1 1.7 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 58.4 44.4 38.5
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 21.0 -10.6 -20.8

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week came in at a net position of -6,610 contracts in the data reported through Tuesday. This was a weekly decrease of -6,676 contracts from the previous week which had a total of 66 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 60.2 percent. The commercials are Bearish with a score of 45.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.4 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 34.3 60.6 4.8
– Percent of Open Interest Shorts: 47.3 41.1 11.2
– Net Position: -6,610 9,879 -3,269
– Gross Longs: 17,427 30,789 2,423
– Gross Shorts: 24,037 20,910 5,692
– Long to Short Ratio: 0.7 to 1 1.5 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 60.2 45.6 14.4
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -15.3 18.4 -32.3

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week came in at a net position of 14,623 contracts in the data reported through Tuesday. This was a weekly reduction of -5,503 contracts from the previous week which had a total of 20,126 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 33.6 percent. The commercials are Bullish with a score of 65.1 percent and the small traders (not shown in chart) are Bullish with a score of 59.7 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 42.0 52.3 4.5
– Percent of Open Interest Shorts: 32.4 64.5 1.9
– Net Position: 14,623 -18,552 3,929
– Gross Longs: 63,860 79,394 6,771
– Gross Shorts: 49,237 97,946 2,842
– Long to Short Ratio: 1.3 to 1 0.8 to 1 2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 33.6 65.1 59.7
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 13.9 -13.5 -0.9

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week came in at a net position of 41,788 contracts in the data reported through Tuesday. This was a weekly lowering of -5,096 contracts from the previous week which had a total of 46,884 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 91.4 percent. The commercials are Bearish-Extreme with a score of 9.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.3 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 81.2 13.5 5.3
– Percent of Open Interest Shorts: 13.3 83.9 2.8
– Net Position: 41,788 -43,371 1,583
– Gross Longs: 49,991 8,280 3,278
– Gross Shorts: 8,203 51,651 1,695
– Long to Short Ratio: 6.1 to 1 0.2 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 91.4 9.0 83.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 0.2 1.1 -15.4

 

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week came in at a net position of 388 contracts in the data reported through Tuesday. This was a weekly decrease of -24 contracts from the previous week which had a total of 412 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 99.5 percent. The commercials are Bearish-Extreme with a score of 7.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.9 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 80.8 3.0 8.6
– Percent of Open Interest Shorts: 76.9 7.2 8.2
– Net Position: 388 -429 41
– Gross Longs: 8,121 298 867
– Gross Shorts: 7,733 727 826
– Long to Short Ratio: 1.1 to 1 0.4 to 1 1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 99.5 7.1 13.9
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 8.0 4.2 -10.0

 


Article By InvestMacroReceive 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.

Copper Speculator bets fall to 2-year low as China lockdowns dent demand

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.

Highlighting the COT metals data is the recent decline in the Copper futures bets. The speculative net position in the Copper futures has fallen for two consecutive weeks and by a total of -19,408 contracts over that time-frame. This weakness has dropped the current standing for Copper net positions into a bearish position for a second straight week. Last week was the first time Copper has been in a bearish position since June 2nd of 2020, a span of ninety-nine weeks. This week’s further decline in speculator bets brings the current net standing (-15,623 contracts) to the lowest level in two years, dating back to May 5th of 2020.

Weighing heavily on the Copper sentiment is the shut downs in China due to Covid-19 outbreaks, particularly in Shanghai and Beijing. China is among the largest producers of Copper in the world and is the largest consumer of Copper in the world with the red metal being used in numerous manufacturing processes, industries and electronics being produced in the country. Any prolonged slowdown in China economic activity will have an outsized effect on the current demand for Copper.

The Copper price has pulled back recently with declines in each of the last four weeks that has taken approximately 10 percent off the futures price. Copper has been on a torrid bullish run that started in March 2020 when the pandemic burst open globally. Since the lows in March of 2020, Copper’s price rose by over 100 percent and now currently trades around the $4.25 per pound futures level.

The only metals market we cover with higher speculator bets this week was Platinum (+816 contracts) while the markets with lower spec bets were Silver (-7,338 contracts), Gold (-18,856 contracts), Copper (-11,838 contracts) and Palladium (-245 contracts).


COT_Commodities

Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Commodity Market Traders | Columns Legend
May-03-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,751,564 2 321,701 6 -366,213 94 44,512 78
Gold 560,441 31 199,168 42 -231,852 55 32,684 57
Silver 137,692 5 28,068 50 -39,317 60 11,249 8
Copper 185,255 16 -15,623 31 10,080 66 5,543 57
Palladium 7,638 6 -2,752 6 2,455 90 297 61
Platinum 66,545 33 -1,541 1 -3,667 100 5,208 35
Natural Gas 1,138,319 12 -117,706 43 72,861 54 44,845 92
Brent 168,128 14 -27,318 65 26,014 37 1,304 27
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 700,856 22 190,402 77 -165,353 27 -25,049 29
Corn 1,513,880 23 501,865 94 -451,210 8 -50,655 14
Coffee 206,337 1 40,697 77 -43,007 28 2,310 5
Sugar 818,627 1 201,592 78 -236,394 23 34,802 51
Wheat 319,233 0 20,012 60 -14,225 30 -5,787 82

 


Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week was a net position of 199,168 contracts in the data reported through Tuesday. This was a weekly reduction of -18,856 contracts from the previous week which had a total of 218,024 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 42.1 percent. The commercials are Bullish with a score of 55.4 percent and the small traders (not shown in chart) are Bullish with a score of 57.0 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 52.4 23.3 9.1
– Percent of Open Interest Shorts: 16.8 64.7 3.3
– Net Position: 199,168 -231,852 32,684
– Gross Longs: 293,439 130,795 51,270
– Gross Shorts: 94,271 362,647 18,586
– Long to Short Ratio: 3.1 to 1 0.4 to 1 2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 42.1 55.4 57.0
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -18.3 17.9 -2.5

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week was a net position of 28,068 contracts in the data reported through Tuesday. This was a weekly decrease of -7,338 contracts from the previous week which had a total of 35,406 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 50.3 percent. The commercials are Bullish with a score of 60.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.4 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 41.2 36.4 17.3
– Percent of Open Interest Shorts: 20.8 65.0 9.2
– Net Position: 28,068 -39,317 11,249
– Gross Longs: 56,764 50,184 23,860
– Gross Shorts: 28,696 89,501 12,611
– Long to Short Ratio: 2.0 to 1 0.6 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 50.3 60.3 8.4
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -19.8 24.8 -31.2

 


Copper Grade #1 Futures:

Copper Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week was a net position of -15,623 contracts in the data reported through Tuesday. This was a weekly reduction of -11,838 contracts from the previous week which had a total of -3,785 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 31.1 percent. The commercials are Bullish with a score of 66.4 percent and the small traders (not shown in chart) are Bullish with a score of 57.3 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 35.4 46.7 9.7
– Percent of Open Interest Shorts: 43.8 41.2 6.7
– Net Position: -15,623 10,080 5,543
– Gross Longs: 65,590 86,458 18,009
– Gross Shorts: 81,213 76,378 12,466
– Long to Short Ratio: 0.8 to 1 1.1 to 1 1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 31.1 66.4 57.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -30.6 30.7 -13.0

 


Platinum Futures:

Platinum Futures COT ChartThe Platinum Futures large speculator standing this week was a net position of -1,541 contracts in the data reported through Tuesday. This was a weekly gain of 816 contracts from the previous week which had a total of -2,357 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 1.2 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish with a score of 34.6 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 44.4 38.8 13.5
– Percent of Open Interest Shorts: 46.7 44.3 5.6
– Net Position: -1,541 -3,667 5,208
– Gross Longs: 29,516 25,830 8,956
– Gross Shorts: 31,057 29,497 3,748
– Long to Short Ratio: 1.0 to 1 0.9 to 1 2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 1.2 100.0 34.6
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -30.5 32.3 -28.3

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week was a net position of -2,752 contracts in the data reported through Tuesday. This was a weekly lowering of -245 contracts from the previous week which had a total of -2,507 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 5.8 percent. The commercials are Bullish-Extreme with a score of 90.5 percent and the small traders (not shown in chart) are Bullish with a score of 61.1 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.7 59.8 16.9
– Percent of Open Interest Shorts: 48.8 27.7 13.0
– Net Position: -2,752 2,455 297
– Gross Longs: 973 4,567 1,290
– Gross Shorts: 3,725 2,112 993
– Long to Short Ratio: 0.3 to 1 2.2 to 1 1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 5.8 90.5 61.1
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -8.8 12.7 -38.9

 


Article By InvestMacroReceive 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.

COT Futures: This Week’s Energy Markets Charts

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-03-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,751,564 2 321,701 6 -366,213 94 44,512 78
Gold 560,441 31 199,168 42 -231,852 55 32,684 57
Silver 137,692 5 28,068 50 -39,317 60 11,249 8
Copper 185,255 16 -15,623 31 10,080 66 5,543 57
Palladium 7,638 6 -2,752 6 2,455 90 297 61
Platinum 66,545 33 -1,541 1 -3,667 100 5,208 35
Natural Gas 1,138,319 12 -117,706 43 72,861 54 44,845 92
Brent 168,128 14 -27,318 65 26,014 37 1,304 27
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 700,856 22 190,402 77 -165,353 27 -25,049 29
Corn 1,513,880 23 501,865 94 -451,210 8 -50,655 14
Coffee 206,337 1 40,697 77 -43,007 28 2,310 5
Sugar 818,627 1 201,592 78 -236,394 23 34,802 51
Wheat 319,233 0 20,012 60 -14,225 30 -5,787 82

 


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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.0 35.4 5.2
– Percent of Open Interest Shorts: 5.6 56.3 2.6
– Net Position: 321,701 -366,213 44,512
– Gross Longs: 419,692 620,327 90,371
– Gross Shorts: 97,991 986,540 45,859
– Long to Short Ratio: 4.3 to 1 0.6 to 1 2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 5.9 93.9 77.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.4 5.4 6.2

 


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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 20.6 46.7 4.1
– Percent of Open Interest Shorts: 36.9 31.2 3.3
– Net Position: -27,318 26,014 1,304
– Gross Longs: 34,685 78,491 6,840
– Gross Shorts: 62,003 52,477 5,536
– Long to Short Ratio: 0.6 to 1 1.5 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 65.4 36.6 26.9
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.5 5.6 -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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.7 38.9 6.4
– Percent of Open Interest Shorts: 32.0 32.5 2.5
– Net Position: -117,706 72,861 44,845
– Gross Longs: 247,092 442,604 72,900
– Gross Shorts: 364,798 369,743 28,055
– Long to Short Ratio: 0.7 to 1 1.2 to 1 2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 43.3 53.8 92.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 9.5 -11.0 7.5

 


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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 25.5 52.1 7.3
– Percent of Open Interest Shorts: 13.1 68.0 3.9
– Net Position: 38,381 -48,991 10,610
– Gross Longs: 79,017 161,247 22,690
– Gross Shorts: 40,636 210,238 12,080
– Long to Short Ratio: 1.9 to 1 0.8 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 9.2 88.0 83.4
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -10.2 4.7 35.3

 


#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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 17.0 50.8 14.4
– Percent of Open Interest Shorts: 15.1 60.1 6.9
– Net Position: 6,455 -32,434 25,979
– Gross Longs: 59,340 177,626 50,210
– Gross Shorts: 52,885 210,060 24,231
– Long to Short Ratio: 1.1 to 1 0.8 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 51.9 36.7 88.4
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.2 -10.3 23.6

 


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 Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 58.2 36.0 2.1
– Percent of Open Interest Shorts: 96.2 0.0 0.2
– Net Position: -13,354 12,665 689
– Gross Longs: 20,458 12,665 743
– Gross Shorts: 33,812 0 54
– Long to Short Ratio: 0.6 to 1 inf to 1 13.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 56.4 42.0 44.0
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.0 4.1 -1.5

 


Article By InvestMacroReceive 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.

COT Futures: This Week’s Bond Markets Charts

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

COT_Bonds_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 bond markets with higher speculator bets this week were the Eurodollar (85,554 contracts) and the Ultra US Bond (24,875 contracts).

The bond markets with lower speculator bets this week were the 2-Year Bond (-39,648 contracts), 10-Year Bond (-29,720 contracts), Ultra 10-Year (-40,831 contracts), Long US Bond (-6,588 contracts), Fed Funds (-94,206 contracts) and the 5-Year Bond (-44,787 contracts).


Speculator strength standings for each Bond where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength

 


Data Snapshot of Bond Market Traders | Columns Legend
May-03-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
Eurodollar 10,548,844 35 -2,688,108 2 3,107,103 98 -418,995 12
FedFunds 1,662,069 49 -55,253 33 60,532 67 -5,279 46
2-Year 2,232,148 18 -129,171 56 245,745 74 -116,574 0
Long T-Bond 1,187,151 47 13,511 89 5,068 22 -18,579 38
10-Year 3,680,764 42 -147,537 50 313,344 59 -165,807 40
5-Year 3,818,836 38 -318,936 27 509,720 75 -190,784 29

 


3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week totaled a net position of -2,688,108 contracts in the data reported through Tuesday. This was a weekly gain of 85,554 contracts from the previous week which had a total of -2,773,662 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 98.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.2 percent.

3-Month Eurodollars Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 3.4 74.6 4.0
– Percent of Open Interest Shorts: 28.9 45.1 8.0
– Net Position: -2,688,108 3,107,103 -418,995
– Gross Longs: 357,697 7,864,603 420,867
– Gross Shorts: 3,045,805 4,757,500 839,862
– Long to Short Ratio: 0.1 to 1 1.7 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 1.6 98.0 12.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.6 0.6 -0.3

 


30-Day Federal Funds Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe 30-Day Federal Funds large speculator standing this week totaled a net position of -55,253 contracts in the data reported through Tuesday. This was a weekly fall of -94,206 contracts from the previous week which had a total of 38,953 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 32.8 percent. The commercials are Bullish with a score of 67.2 percent and the small traders (not shown in chart) are Bearish with a score of 46.3 percent.

30-Day Federal Funds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 1.5 80.2 2.0
– Percent of Open Interest Shorts: 4.8 76.5 2.3
– Net Position: -55,253 60,532 -5,279
– Gross Longs: 24,608 1,332,707 32,724
– Gross Shorts: 79,861 1,272,175 38,003
– Long to Short Ratio: 0.3 to 1 1.0 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 32.8 67.2 46.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.2 3.7 28.0

 


2-Year Treasury Note Futures:

2-Year Treasury Bonds Futures COT ChartThe 2-Year Treasury Note large speculator standing this week totaled a net position of -129,171 contracts in the data reported through Tuesday. This was a weekly decrease of -39,648 contracts from the previous week which had a total of -89,523 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 56.2 percent. The commercials are Bullish with a score of 73.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

2-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 13.5 76.5 6.0
– Percent of Open Interest Shorts: 19.3 65.5 11.2
– Net Position: -129,171 245,745 -116,574
– Gross Longs: 301,359 1,708,203 133,733
– Gross Shorts: 430,530 1,462,458 250,307
– Long to Short Ratio: 0.7 to 1 1.2 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 56.2 73.6 0.0
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -16.5 26.1 -15.6

 


5-Year Treasury Note Futures:

5-Year Treasury Bonds Futures COT ChartThe 5-Year Treasury Note large speculator standing this week totaled a net position of -318,936 contracts in the data reported through Tuesday. This was a weekly decrease of -44,787 contracts from the previous week which had a total of -274,149 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 27.2 percent. The commercials are Bullish with a score of 75.4 percent and the small traders (not shown in chart) are Bearish with a score of 28.6 percent.

5-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 7.7 83.2 6.9
– Percent of Open Interest Shorts: 16.0 69.9 11.9
– Net Position: -318,936 509,720 -190,784
– Gross Longs: 293,082 3,178,614 262,964
– Gross Shorts: 612,018 2,668,894 453,748
– Long to Short Ratio: 0.5 to 1 1.2 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 27.2 75.4 28.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.0 -4.2 15.7

 


10-Year Treasury Note Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe 10-Year Treasury Note large speculator standing this week totaled a net position of -147,537 contracts in the data reported through Tuesday. This was a weekly lowering of -29,720 contracts from the previous week which had a total of -117,817 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 50.0 percent. The commercials are Bullish with a score of 59.1 percent and the small traders (not shown in chart) are Bearish with a score of 40.0 percent.

10-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.6 77.5 8.9
– Percent of Open Interest Shorts: 14.6 69.0 13.4
– Net Position: -147,537 313,344 -165,807
– Gross Longs: 391,455 2,853,366 325,869
– Gross Shorts: 538,992 2,540,022 491,676
– Long to Short Ratio: 0.7 to 1 1.1 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 50.0 59.1 40.0
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 17.7 -17.9 8.1

 


Ultra 10-Year Notes Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Ultra 10-Year Notes large speculator standing this week totaled a net position of -110,718 contracts in the data reported through Tuesday. This was a weekly decrease of -40,831 contracts from the previous week which had a total of -69,887 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 0.0 percent. The commercials are Bullish-Extreme with a score of 98.1 percent and the small traders (not shown in chart) are Bearish with a score of 46.9 percent.

Ultra 10-Year Notes Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 4.8 83.3 10.8
– Percent of Open Interest Shorts: 13.5 65.6 19.8
– Net Position: -110,718 225,309 -114,591
– Gross Longs: 60,984 1,060,049 136,897
– Gross Shorts: 171,702 834,740 251,488
– Long to Short Ratio: 0.4 to 1 1.3 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 0.0 98.1 46.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.0 2.7 5.3

 


US Treasury Bonds Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe US Treasury Bonds large speculator standing this week totaled a net position of 13,511 contracts in the data reported through Tuesday. This was a weekly decline of -6,588 contracts from the previous week which had a total of 20,099 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 89.0 percent. The commercials are Bearish with a score of 21.7 percent and the small traders (not shown in chart) are Bearish with a score of 37.8 percent.

US Treasury Bonds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 11.0 72.8 13.1
– Percent of Open Interest Shorts: 9.8 72.4 14.7
– Net Position: 13,511 5,068 -18,579
– Gross Longs: 130,124 864,328 155,544
– Gross Shorts: 116,613 859,260 174,123
– Long to Short Ratio: 1.1 to 1 1.0 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 89.0 21.7 37.8
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.2 3.3 6.8

 


Ultra US Treasury Bonds Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe Ultra US Treasury Bonds large speculator standing this week totaled a net position of -319,179 contracts in the data reported through Tuesday. This was a weekly lift of 24,875 contracts from the previous week which had a total of -344,054 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 55.0 percent. The commercials are Bullish with a score of 61.2 percent and the small traders (not shown in chart) are Bearish with a score of 42.9 percent.

Ultra US Treasury Bonds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 3.4 84.1 11.7
– Percent of Open Interest Shorts: 28.4 60.7 10.1
– Net Position: -319,179 298,805 20,374
– Gross Longs: 43,517 1,073,810 148,944
– Gross Shorts: 362,696 775,005 128,570
– Long to Short Ratio: 0.1 to 1 1.4 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 55.0 61.2 42.9
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -8.4 21.2 -16.2

 


Article By InvestMacroReceive 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.

COT Futures: This Week’s Soft Commodities Markets Charts

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 soft commodities that saw higher bets this week were Corn (4,240 contracts), Cotton (1,688 contracts) and Cocoa (11,905 contracts) while lower bets were seen in Sugar (-20,957 contracts), Coffee (-1,140 contracts), Soybeans (-13,404 contracts), Soybean Oil (-9,667 contracts), Soybean Meal (-16,734 contracts), Live Cattle (-14,313 contracts), Lean Hogs (-10,305 contracts) and Wheat (-1,638 contracts).

 


Data Snapshot of Commodity Market Traders | Columns Legend
May-03-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,751,564 2 321,701 6 -366,213 94 44,512 78
Gold 560,441 31 199,168 42 -231,852 55 32,684 57
Silver 137,692 5 28,068 50 -39,317 60 11,249 8
Copper 185,255 16 -15,623 31 10,080 66 5,543 57
Palladium 7,638 6 -2,752 6 2,455 90 297 61
Platinum 66,545 33 -1,541 1 -3,667 100 5,208 35
Natural Gas 1,138,319 12 -117,706 43 72,861 54 44,845 92
Brent 168,128 14 -27,318 65 26,014 37 1,304 27
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 700,856 22 190,402 77 -165,353 27 -25,049 29
Corn 1,513,880 23 501,865 94 -451,210 8 -50,655 14
Coffee 206,337 1 40,697 77 -43,007 28 2,310 5
Sugar 818,627 1 201,592 78 -236,394 23 34,802 51
Wheat 319,233 0 20,012 60 -14,225 30 -5,787 82

 


CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week recorded a net position of 501,865 contracts in the data reported through Tuesday. This was a weekly advance of 4,240 contracts from the previous week which had a total of 497,625 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 94.1 percent. The commercials are Bearish-Extreme with a score of 7.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.9 percent.

CORN Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 39.0 42.5 9.3
– Percent of Open Interest Shorts: 5.8 72.3 12.6
– Net Position: 501,865 -451,210 -50,655
– Gross Longs: 589,856 642,906 140,438
– Gross Shorts: 87,991 1,094,116 191,093
– Long to Short Ratio: 6.7 to 1 0.6 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 94.1 7.7 13.9
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -2.2 2.8 -1.2

 


SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week recorded a net position of 201,592 contracts in the data reported through Tuesday. This was a weekly lowering of -20,957 contracts from the previous week which had a total of 222,549 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 78.0 percent. The commercials are Bearish with a score of 23.3 percent and the small traders (not shown in chart) are Bullish with a score of 50.9 percent.

SUGAR Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.4 44.8 10.4
– Percent of Open Interest Shorts: 7.7 73.7 6.1
– Net Position: 201,592 -236,394 34,802
– Gross Longs: 264,899 366,584 85,022
– Gross Shorts: 63,307 602,978 50,220
– Long to Short Ratio: 4.2 to 1 0.6 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 78.0 23.3 50.9
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 9.4 -8.0 -4.6

 


COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week recorded a net position of 40,697 contracts in the data reported through Tuesday. This was a weekly fall of -1,140 contracts from the previous week which had a total of 41,837 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 76.7 percent. The commercials are Bearish with a score of 27.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 5.1 percent.

COFFEE Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 25.6 54.1 4.4
– Percent of Open Interest Shorts: 5.9 74.9 3.3
– Net Position: 40,697 -43,007 2,310
– Gross Longs: 52,804 111,613 9,017
– Gross Shorts: 12,107 154,620 6,707
– Long to Short Ratio: 4.4 to 1 0.7 to 1 1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 76.7 27.6 5.1
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.9 2.3 -13.6

 


SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week recorded a net position of 190,402 contracts in the data reported through Tuesday. This was a weekly fall of -13,404 contracts from the previous week which had a total of 203,806 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 77.4 percent. The commercials are Bearish with a score of 27.1 percent and the small traders (not shown in chart) are Bearish with a score of 28.7 percent.

SOYBEANS Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 34.2 46.5 7.3
– Percent of Open Interest Shorts: 7.0 70.1 10.9
– Net Position: 190,402 -165,353 -25,049
– Gross Longs: 239,355 325,746 51,469
– Gross Shorts: 48,953 491,099 76,518
– Long to Short Ratio: 4.9 to 1 0.7 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 77.4 27.1 28.7
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.0 6.7 -0.1

 


SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week recorded a net position of 97,291 contracts in the data reported through Tuesday. This was a weekly reduction of -9,667 contracts from the previous week which had a total of 106,958 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 76.3 percent. The commercials are Bearish with a score of 24.3 percent and the small traders (not shown in chart) are Bullish with a score of 65.6 percent.

SOYBEAN OIL Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.1 46.6 9.8
– Percent of Open Interest Shorts: 5.2 77.4 5.9
– Net Position: 97,291 -111,267 13,976
– Gross Longs: 116,132 168,590 35,309
– Gross Shorts: 18,841 279,857 21,333
– Long to Short Ratio: 6.2 to 1 0.6 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 76.3 24.3 65.6
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.5 0.1 -18.5

 


SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week recorded a net position of 99,561 contracts in the data reported through Tuesday. This was a weekly lowering of -16,734 contracts from the previous week which had a total of 116,295 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 82.9 percent. The commercials are Bearish with a score of 20.7 percent and the small traders (not shown in chart) are Bearish with a score of 38.3 percent.

SOYBEAN MEAL Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.7 46.1 12.0
– Percent of Open Interest Shorts: 5.6 78.7 6.5
– Net Position: 99,561 -119,714 20,153
– Gross Longs: 119,912 168,901 44,077
– Gross Shorts: 20,351 288,615 23,924
– Long to Short Ratio: 5.9 to 1 0.6 to 1 1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 82.9 20.7 38.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -16.3 19.4 -41.3

 


LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week recorded a net position of 47,036 contracts in the data reported through Tuesday. This was a weekly reduction of -14,313 contracts from the previous week which had a total of 61,349 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 31.2 percent. The commercials are Bullish with a score of 64.2 percent and the small traders (not shown in chart) are Bullish with a score of 62.2 percent.

LIVE CATTLE Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 36.8 38.5 9.6
– Percent of Open Interest Shorts: 21.7 51.9 11.5
– Net Position: 47,036 -41,382 -5,654
– Gross Longs: 114,213 119,484 29,911
– Gross Shorts: 67,177 160,866 35,565
– Long to Short Ratio: 1.7 to 1 0.7 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 31.2 64.2 62.2
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 0.3 -4.5 12.6

 


LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week recorded a net position of 22,031 contracts in the data reported through Tuesday. This was a weekly lowering of -10,305 contracts from the previous week which had a total of 32,336 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 30.7 percent. The commercials are Bullish with a score of 73.0 percent and the small traders (not shown in chart) are Bullish with a score of 72.3 percent.

LEAN HOGS Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.1 37.2 10.0
– Percent of Open Interest Shorts: 22.2 45.1 12.1
– Net Position: 22,031 -17,357 -4,674
– Gross Longs: 71,110 82,388 22,152
– Gross Shorts: 49,079 99,745 26,826
– Long to Short Ratio: 1.4 to 1 0.8 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 30.7 73.0 72.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -26.1 24.2 18.1

 


COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week recorded a net position of 83,433 contracts in the data reported through Tuesday. This was a weekly boost of 1,688 contracts from the previous week which had a total of 81,745 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 75.8 percent. The commercials are Bearish with a score of 21.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 91.4 percent.

COTTON Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 46.2 34.0 9.3
– Percent of Open Interest Shorts: 5.8 80.4 3.3
– Net Position: 83,433 -95,908 12,475
– Gross Longs: 95,320 70,082 19,238
– Gross Shorts: 11,887 165,990 6,763
– Long to Short Ratio: 8.0 to 1 0.4 to 1 2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 75.8 21.9 91.4
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -2.5 3.0 -7.4

 


COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week recorded a net position of 36,559 contracts in the data reported through Tuesday. This was a weekly advance of 11,905 contracts from the previous week which had a total of 24,654 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 53.5 percent. The commercials are Bearish with a score of 43.8 percent and the small traders (not shown in chart) are Bullish with a score of 63.8 percent.

COCOA Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 33.5 42.2 6.1
– Percent of Open Interest Shorts: 19.2 59.2 3.5
– Net Position: 36,559 -43,277 6,718
– Gross Longs: 85,562 107,815 15,602
– Gross Shorts: 49,003 151,092 8,884
– Long to Short Ratio: 1.7 to 1 0.7 to 1 1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 53.5 43.8 63.8
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.2 -2.7 -26.2

 


WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week recorded a net position of 20,012 contracts in the data reported through Tuesday. This was a weekly reduction of -1,638 contracts from the previous week which had a total of 21,650 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 60.0 percent. The commercials are Bearish with a score of 30.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 82.3 percent.

WHEAT Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 34.9 38.8 8.6
– Percent of Open Interest Shorts: 28.6 43.3 10.4
– Net Position: 20,012 -14,225 -5,787
– Gross Longs: 111,438 124,006 27,445
– Gross Shorts: 91,426 138,231 33,232
– Long to Short Ratio: 1.2 to 1 0.9 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 60.0 30.3 82.3
– Strength Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 10.0 -7.9 -17.7

 


Article By InvestMacroReceive 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.