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

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).

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:

The 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:

The 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:

The 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:

The 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:

The 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 InvestMacro – Receive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

07 May

COT Futures: This Week’s Energy Markets Charts

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:

The 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:

The 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:

The 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:

The 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:

The #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:

The 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 InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Financial News

07 May

COT Futures: This Week’s Bond Markets Charts

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:

The 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:

The 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:

The 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:

The 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:

The 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:

The 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:

The 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 InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Financial News

07 May

COT Futures: This Week’s Soft Commodities Markets Charts

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:

The 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:

The 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:

The 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:

The 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:

The 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:

The 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:

The 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:

The 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:

The 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 InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News Soft Commodities

07 May

COT Futures: This Week’s Stock Market Charts

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 stock markets that saw higher speculator bets this week were VIX (10,496 contracts), Dow Jones Industrial Average Mini (2,604 contracts), Nasdaq Mini (259 contracts) and the MSCI EAFE Mini (6,851 contracts). The markets with lower speculator bets this week were S&P500 Mini (-70,543 contracts), Russell 2000 Mini (-538 contracts), Nikkei 225 USD (-4,249 contracts) and the MSCI Emerging Markets Mini (-12,388 contracts).

Speculator strength standings for each Stock Market 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 Stock Market Traders | Columns Legend

May-03-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,208,674	4	52,207	66	-58,797	55	6,590	28
Nikkei 225	11,749	0	-1,925	68	4,181	51	-2,256	0
Nasdaq-Mini	226,722	29	16,092	84	-6,367	23	-9,725	28
DowJones-Mini	79,448	41	-19,181	12	19,042	86	139	39
VIX	320,512	33	-61,729	78	69,674	23	-7,945	53
Nikkei 225 Yen	39,065	13	-4,440	11	21,337	81	-16,897	40

VIX Volatility Futures:

The VIX Volatility large speculator standing this week came in at a net position of -61,729 contracts in the data reported through Tuesday. This was a weekly gain of 10,496 contracts from the previous week which had a total of -72,225 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 78.3 percent. The commercials are Bearish with a score of 23.0 percent and the small traders (not shown in chart) are Bullish with a score of 52.8 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.0	53.4	7.4
– Percent of Open Interest Shorts:	37.2	31.7	9.9
– Net Position:	-61,729	69,674	-7,945
– Gross Longs:	57,620	171,272	23,726
– Gross Shorts:	119,349	101,598	31,671
– Long to Short Ratio:	0.5 to 1	1.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.3	23.0	52.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.7	1.6	0.5

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week came in at a net position of 52,207 contracts in the data reported through Tuesday. This was a weekly decrease of -70,543 contracts from the previous week which had a total of 122,750 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 65.9 percent. The commercials are Bullish with a score of 55.4 percent and the small traders (not shown in chart) are Bearish with a score of 27.7 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.3	69.9	11.1
– Percent of Open Interest Shorts:	14.0	72.5	10.8
– Net Position:	52,207	-58,797	6,590
– Gross Longs:	360,949	1,543,020	245,017
– Gross Shorts:	308,742	1,601,817	238,427
– Long to Short Ratio:	1.2 to 1	1.0 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.9	55.4	27.7
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.7	-20.5	1.7

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week came in at a net position of -19,181 contracts in the data reported through Tuesday. This was a weekly rise of 2,604 contracts from the previous week which had a total of -21,785 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-Extreme with a score of 11.9 percent. The commercials are Bullish-Extreme with a score of 85.8 percent and the small traders (not shown in chart) are Bearish with a score of 39.2 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.4	66.1	16.0
– Percent of Open Interest Shorts:	40.6	42.1	15.8
– Net Position:	-19,181	19,042	139
– Gross Longs:	13,061	52,518	12,717
– Gross Shorts:	32,242	33,476	12,578
– Long to Short Ratio:	0.4 to 1	1.6 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.9	85.8	39.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.4	4.3	4.3

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week came in at a net position of 16,092 contracts in the data reported through Tuesday. This was a weekly boost of 259 contracts from the previous week which had a total of 15,833 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 84.0 percent. The commercials are Bearish with a score of 22.6 percent and the small traders (not shown in chart) are Bearish with a score of 28.5 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.6	54.6	14.2
– Percent of Open Interest Shorts:	22.5	57.4	18.5
– Net Position:	16,092	-6,367	-9,725
– Gross Longs:	67,077	123,791	32,176
– Gross Shorts:	50,985	130,158	41,901
– Long to Short Ratio:	1.3 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.0	22.6	28.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.4	-14.2	20.1

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week came in at a net position of -44,795 contracts in the data reported through Tuesday. This was a weekly decline of -538 contracts from the previous week which had a total of -44,257 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 29.9 percent. The commercials are Bullish with a score of 75.0 percent and the small traders (not shown in chart) are Bearish with a score of 25.7 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.8	83.6	4.3
– Percent of Open Interest Shorts:	19.9	74.0	4.9
– Net Position:	-44,795	47,415	-2,620
– Gross Longs:	53,619	413,078	21,398
– Gross Shorts:	98,414	365,663	24,018
– Long to Short Ratio:	0.5 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.9	75.0	25.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.8	-0.9	-3.6

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week came in at a net position of -1,925 contracts in the data reported through Tuesday. This was a weekly lowering of -4,249 contracts from the previous week which had a total of 2,324 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 68.3 percent. The commercials are Bullish with a score of 50.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.5	71.3	20.7
– Percent of Open Interest Shorts:	23.8	35.7	39.9
– Net Position:	-1,925	4,181	-2,256
– Gross Longs:	877	8,372	2,436
– Gross Shorts:	2,802	4,191	4,692
– Long to Short Ratio:	0.3 to 1	2.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.3	50.6	0.0
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.9	8.9	-40.4

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week came in at a net position of -1,409 contracts in the data reported through Tuesday. This was a weekly rise of 6,851 contracts from the previous week which had a total of -8,260 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 21.9 percent. The commercials are Bullish with a score of 78.4 percent and the small traders (not shown in chart) are Bearish with a score of 45.3 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.8	92.0	2.4
– Percent of Open Interest Shorts:	5.2	92.4	1.7
– Net Position:	-1,409	-1,604	3,013
– Gross Longs:	19,862	378,067	9,917
– Gross Shorts:	21,271	379,671	6,904
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	21.9	78.4	45.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.4	-10.5	45.3

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News Stock Market News

23 Apr

Currency Speculators raise their bullish bets for Canadian Dollar to 40-week high

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 April 19th 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 is the rising of bullish bets in the Canadian ‘Loonie’ dollar currency futures contracts. CAD speculators raised their bullish bets for a fourth straight week this week and for the fifth time in the past six weeks. Over the past four-week time-frame, CAD bets have improved by a total of +26,166 contracts, going from -4,940 net positions on March 22nd to +21,226 net positions this week. These gains have brought this week’s speculator level to the most bullish position since July 13th of 2021, a span of forty weeks.

This recent improvement in Loonie sentiment has been helped out by the hike in interest rates by the Bank of Canada (BOC). The BOC recently pushed its key interest rate higher by 50 basis points on April 13th and has in the past few days hinted that more interest rate rises were to come. The recent inflation numbers out of Canada were above expectations (6.7 percent) and according to Bloomberg, market participants have pushed their odds to 100 percent for another 50 basis point hike in June.

Overall, the currencies with higher speculator bets this week were the US Dollar Index (2,943 contracts), Japanese yen (4,640 contracts), Swiss franc (2,492 contracts), New Zealand dollar (654 contracts), Canadian dollar (9,068 contracts)and the Mexican peso (6,704 contracts).

The currencies with declining bets were the Euro (-7,759 contracts), Brazil real (-1,557 contracts), Australian dollar (-122 contracts), Bitcoin (-361 contracts) and the British pound sterling (-5,860 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

Data Snapshot of Forex Market Traders | Columns Legend

Apr-19-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	54,524	77	32,580	82	-35,893	15	3,313	53
EUR	675,939	72	31,301	45	-49,726	62	18,425	5
GBP	249,529	70	-58,914	32	72,889	73	-13,975	27
JPY	251,291	90	-107,187	3	129,842	99	-22,655	7
CHF	44,269	20	-11,450	50	23,051	57	-11,601	29
CAD	153,302	32	21,226	68	-39,338	31	18,112	66
AUD	147,309	43	-28,837	58	20,800	34	8,037	72
NZD	41,098	26	365	72	503	31	-868	42
MXN	165,403	33	21,664	37	-26,214	62	4,550	62
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	70,553	68	44,572	94	-47,063	5	2,491	94
Bitcoin	11,276	61	-194	90	-175	0	369	21

US Dollar Index Futures:

The US Dollar Index large speculator standing this week reached a net position of 32,580 contracts in the data reported through Tuesday. This was a weekly lift of 2,943 contracts from the previous week which had a total of 29,637 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 82.0 percent. The commercials are Bearish-Extreme with a score of 15.0 percent and the small traders (not shown in chart) are Bullish with a score of 52.8 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	85.6	3.3	9.5
– Percent of Open Interest Shorts:	25.9	69.1	3.5
– Net Position:	32,580	-35,893	3,313
– Gross Longs:	46,685	1,778	5,198
– Gross Shorts:	14,105	37,671	1,885
– Long to Short Ratio:	3.3 to 1	0.0 to 1	2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.0	15.0	52.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.5	3.3	-5.8

Euro Currency Futures:

The Euro Currency large speculator standing this week reached a net position of 31,301 contracts in the data reported through Tuesday. This was a weekly lowering of -7,759 contracts from the previous week which had a total of 39,060 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 44.6 percent. The commercials are Bullish with a score of 61.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.9 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.7	53.7	11.4
– Percent of Open Interest Shorts:	28.1	61.0	8.7
– Net Position:	31,301	-49,726	18,425
– Gross Longs:	221,003	362,930	76,939
– Gross Shorts:	189,702	412,656	58,514
– Long to Short Ratio:	1.2 to 1	0.9 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.6	61.9	4.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.5	9.7	-10.9

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week reached a net position of -58,914 contracts in the data reported through Tuesday. This was a weekly decrease of -5,860 contracts from the previous week which had a total of -53,054 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 Bearish with a score of 31.6 percent. The commercials are Bullish with a score of 72.8 percent and the small traders (not shown in chart) are Bearish with a score of 26.7 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.8	74.6	8.8
– Percent of Open Interest Shorts:	38.4	45.4	14.4
– Net Position:	-58,914	72,889	-13,975
– Gross Longs:	36,811	186,134	21,987
– Gross Shorts:	95,725	113,245	35,962
– Long to Short Ratio:	0.4 to 1	1.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	31.6	72.8	26.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-33.4	28.1	-2.2

Japanese Yen Futures:

The Japanese Yen large speculator standing this week reached a net position of -107,187 contracts in the data reported through Tuesday. This was a weekly lift of 4,640 contracts from the previous week which had a total of -111,827 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 2.9 percent. The commercials are Bullish-Extreme with a score of 99.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.4 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.1	86.0	8.3
– Percent of Open Interest Shorts:	47.7	34.3	17.3
– Net Position:	-107,187	129,842	-22,655
– Gross Longs:	12,723	216,101	20,761
– Gross Shorts:	119,910	86,259	43,416
– Long to Short Ratio:	0.1 to 1	2.5 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.9	99.0	7.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-31.6	25.9	-3.8

Swiss Franc Futures:

The Swiss Franc large speculator standing this week reached a net position of -11,450 contracts in the data reported through Tuesday. This was a weekly increase of 2,492 contracts from the previous week which had a total of -13,942 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 50.0 percent. The commercials are Bullish with a score of 56.8 percent and the small traders (not shown in chart) are Bearish with a score of 29.2 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.6	71.7	21.7
– Percent of Open Interest Shorts:	32.4	19.6	47.9
– Net Position:	-11,450	23,051	-11,601
– Gross Longs:	2,900	31,735	9,599
– Gross Shorts:	14,350	8,684	21,200
– Long to Short Ratio:	0.2 to 1	3.7 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.0	56.8	29.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.0	1.3	1.8

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week reached a net position of 21,226 contracts in the data reported through Tuesday. This was a weekly advance of 9,068 contracts from the previous week which had a total of 12,158 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 67.7 percent. The commercials are Bearish with a score of 31.1 percent and the small traders (not shown in chart) are Bullish with a score of 65.8 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.7	45.0	24.6
– Percent of Open Interest Shorts:	14.9	70.7	12.8
– Net Position:	21,226	-39,338	18,112
– Gross Longs:	44,063	68,989	37,784
– Gross Shorts:	22,837	108,327	19,672
– Long to Short Ratio:	1.9 to 1	0.6 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.7	31.1	65.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.4	-17.2	20.4

Australian Dollar Futures:

The Australian Dollar large speculator standing this week reached a net position of -28,837 contracts in the data reported through Tuesday. This was a weekly decline of -122 contracts from the previous week which had a total of -28,715 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 Bearish with a score of 34.4 percent and the small traders (not shown in chart) are Bullish with a score of 72.0 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.6	53.8	19.2
– Percent of Open Interest Shorts:	46.2	39.6	13.7
– Net Position:	-28,837	20,800	8,037
– Gross Longs:	39,201	79,208	28,257
– Gross Shorts:	68,038	58,408	20,220
– Long to Short Ratio:	0.6 to 1	1.4 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.1	34.4	72.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	45.8	-42.8	19.6

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week reached a net position of 365 contracts in the data reported through Tuesday. This was a weekly boost of 654 contracts from the previous week which had a total of -289 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 31.2 percent and the small traders (not shown in chart) are Bearish with a score of 41.9 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	46.4	45.9	6.8
– Percent of Open Interest Shorts:	45.5	44.6	8.9
– Net Position:	365	503	-868
– Gross Longs:	19,081	18,853	2,797
– Gross Shorts:	18,716	18,350	3,665
– Long to Short Ratio:	1.0 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	71.9	31.2	41.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.4	-20.2	4.0

Mexican Peso Futures:

The Mexican Peso large speculator standing this week reached a net position of 21,664 contracts in the data reported through Tuesday. This was a weekly advance of 6,704 contracts from the previous week which had a total of 14,960 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 36.6 percent. The commercials are Bullish with a score of 61.9 percent and the small traders (not shown in chart) are Bullish with a score of 62.3 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.6	50.0	4.7
– Percent of Open Interest Shorts:	31.5	65.8	1.9
– Net Position:	21,664	-26,214	4,550
– Gross Longs:	73,710	82,643	7,701
– Gross Shorts:	52,046	108,857	3,151
– Long to Short Ratio:	1.4 to 1	0.8 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	36.6	61.9	62.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.4	12.1	10.1

Brazilian Real Futures:

The Brazilian Real large speculator standing this week reached a net position of 44,572 contracts in the data reported through Tuesday. This was a weekly fall of -1,557 contracts from the previous week which had a total of 46,129 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 94.2 percent. The commercials are Bearish-Extreme with a score of 5.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	76.2	17.6	6.1
– Percent of Open Interest Shorts:	13.1	84.3	2.5
– Net Position:	44,572	-47,063	2,491
– Gross Longs:	53,790	12,399	4,272
– Gross Shorts:	9,218	59,462	1,781
– Long to Short Ratio:	5.8 to 1	0.2 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.2	5.4	94.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.8	5.4	5.0

Bitcoin Futures:

The Bitcoin large speculator standing this week reached a net position of -194 contracts in the data reported through Tuesday. This was a weekly decline of -361 contracts from the previous week which had a total of 167 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 with a score of 27.4 percent and the small traders (not shown in chart) are Bearish with a score of 21.3 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	73.3	3.6	10.2
– Percent of Open Interest Shorts:	75.0	5.2	7.0
– Net Position:	-194	-175	369
– Gross Longs:	8,263	408	1,155
– Gross Shorts:	8,457	583	786
– Long to Short Ratio:	1.0 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	90.2	27.4	21.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.8	19.8	4.8

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News investing Opinions

23 Apr

COT Metals Speculators reduce their Gold bullish bets but positions remain strong

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 April 19th 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 Gold futures bets. The speculative net position in the Gold futures has fallen for two out of the past three weeks and in four out of the past six weeks. Previously, Gold speculator positions had added bullish bets for five consecutive weeks from February 8th through March 8th and brought the speculator bullish standing to the highest level in sixty-one weeks at +274,388 contracts.

The recent reduction in speculator bets and the slight cool off in the Gold price do not necessarily mean that sentiment for the shiny metal is turning. In fact, the Gold position may have greater heights in store as open interest levels have not recently touched any significant peak high (typically a surge of opinions and counter-opinions that can stop a trend especially at key levels) and the speculator strength level has not reached (or gotten close to) a bullish-extreme level (both of these levels can be signs of a top and exhaustion in trends). The net position for Gold, even after the recent weakness, remains above the 2022 weekly average of +230,004 contracts (the weekly average of all of 2021 was +204,623 contracts). So despite a rising interest rate environment (which may hurt or may help Gold), the combination of super-hot inflationary pressures, a war-time crisis and strong sentiment could help make Gold primed to stay on its bullish path.

Overall, the markets with higher speculator bets this week were Silver (443 contracts) and Platinum (1,122 contracts).

The markets with declining speculator bets this week were Gold (-14,530 contracts), Copper (-4,510 contracts) and Palladium (-149 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

Data Snapshot of Commodity Market Traders | Columns Legend

Apr-19-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,740,300	0	307,697	1	-351,252	100	43,555	76
Gold	575,202	40	239,757	60	-275,525	37	35,768	66
Silver	170,577	35	46,429	69	-63,288	37	16,859	41
Copper	203,896	29	18,840	56	-28,307	40	9,467	80
Palladium	6,435	0	-2,182	9	1,560	85	622	80
Platinum	61,603	24	7,537	13	-13,812	89	6,275	50
Natural Gas	1,144,047	14	-130,006	40	82,113	57	47,893	100
Brent	191,883	33	-40,102	44	37,663	56	2,439	42
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	762,855	36	200,098	80	-174,873	25	-25,225	28
Corn	1,625,198	42	500,612	94	-456,269	7	-44,343	18
Coffee	209,410	0	41,803	79	-45,447	24	3,644	15
Sugar	909,622	21	239,515	86	-295,470	12	55,955	77
Wheat	337,038	1	23,245	67	-20,425	21	-2,820	98

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week was a net position of 239,757 contracts in the data reported through Tuesday. This was a weekly decline of -14,530 contracts from the previous week which had a total of 254,287 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 60.4 percent. The commercials are Bearish with a score of 37.0 percent and the small traders (not shown in chart) are Bullish with a score of 65.7 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.5	22.5	9.6
– Percent of Open Interest Shorts:	15.8	70.4	3.3
– Net Position:	239,757	-275,525	35,768
– Gross Longs:	330,745	129,157	55,032
– Gross Shorts:	90,988	404,682	19,264
– Long to Short Ratio:	3.6 to 1	0.3 to 1	2.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.4	37.0	65.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.0	10.6	9.1

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week was a net position of 46,429 contracts in the data reported through Tuesday. This was a weekly increase of 443 contracts from the previous week which had a total of 45,986 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 68.6 percent. The commercials are Bearish with a score of 36.8 percent and the small traders (not shown in chart) are Bearish with a score of 41.0 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.5	32.1	16.7
– Percent of Open Interest Shorts:	13.3	69.2	6.8
– Net Position:	46,429	-63,288	16,859
– Gross Longs:	69,088	54,719	28,471
– Gross Shorts:	22,659	118,007	11,612
– Long to Short Ratio:	3.0 to 1	0.5 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.6	36.8	41.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.9	6.2	-2.6

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week was a net position of 18,840 contracts in the data reported through Tuesday. This was a weekly fall of -4,510 contracts from the previous week which had a total of 23,350 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 55.9 percent. The commercials are Bearish with a score of 40.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.0 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.8	39.4	10.1
– Percent of Open Interest Shorts:	31.6	53.3	5.4
– Net Position:	18,840	-28,307	9,467
– Gross Longs:	83,261	80,280	20,538
– Gross Shorts:	64,421	108,587	11,071
– Long to Short Ratio:	1.3 to 1	0.7 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.9	40.0	80.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.3	8.1	7.0

Platinum Futures:

The Platinum Futures large speculator standing this week was a net position of 7,537 contracts in the data reported through Tuesday. This was a weekly increase of 1,122 contracts from the previous week which had a total of 6,415 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 12.5 percent. The commercials are Bullish-Extreme with a score of 89.3 percent and the small traders (not shown in chart) are Bearish with a score of 49.6 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.9	35.1	15.0
– Percent of Open Interest Shorts:	33.7	57.5	4.8
– Net Position:	7,537	-13,812	6,275
– Gross Longs:	28,293	21,617	9,250
– Gross Shorts:	20,756	35,429	2,975
– Long to Short Ratio:	1.4 to 1	0.6 to 1	3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	12.5	89.3	49.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-26.6	26.6	-3.5

Palladium Futures:

The Palladium Futures large speculator standing this week was a net position of -2,182 contracts in the data reported through Tuesday. This was a weekly reduction of -149 contracts from the previous week which had a total of -2,033 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 9.1 percent. The commercials are Bullish-Extreme with a score of 85.4 percent and the small traders (not shown in chart) are Bullish with a score of 79.9 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.9	55.5	21.0
– Percent of Open Interest Shorts:	56.8	31.3	11.3
– Net Position:	-2,182	1,560	622
– Gross Longs:	1,475	3,573	1,349
– Gross Shorts:	3,657	2,013	727
– Long to Short Ratio:	0.4 to 1	1.8 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	9.1	85.4	79.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.9	12.1	-12.3

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

23 Apr

COT Soft Commodities Speculators raising bullish bets for Soybean Oil as prices hit record high

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 April 19th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT soft commodities data is the recent rises in Soybean Oil futures bets. The speculative net position in the Soybean Oil futures has gained for three straight weeks and has increased in eight out of the past ten weeks. Soybean Oil speculator positions have added a total of +39,176 contracts over the past ten weeks as well. This ascent in bullish bets has brought the current overall position to over +100,000 net contracts and to the highest level of the past fifty-six weeks, dating back to March 23rd of 2021.

Soybean Oil prices raced to a record high level at over $80 per pound this week and surpassed the previous price peaks of 2008 and 2021. The Soybean Oil prices have had a strong fundamental component driving it higher. The war in Ukraine has created a major disruption in Sunflower Oils (Ukraine and Russia are major suppliers) that has pushed the prices in alternative oils and other soft commodities sharply higher. Reuters news service also cited an Indonesia ban on exports of Palm Oil as having caused an even greater demand for alternative vegetable oils. The dreary outlook for vegetable oil production could mean we see even higher Soybean Oil prices.

Overall, the soft commodities that saw higher bets this week were Corn (5,031 contracts), Soybeans (1,803 contracts), Soybean Oil (6,887 contracts), Soybean Meal (6,498 contracts), Live Cattle (2,683 contracts), Lean Hogs (2,231 contracts) and Cotton (1,900 contracts).

The soft commodities that saw lower bets this week were Sugar (-349 contracts), Coffee (-6,126 contracts), Cocoa (-2,802 contracts) and Wheat (-641 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Apr-19-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,740,300	0	307,697	1	-351,252	100	43,555	76
Gold	575,202	40	239,757	60	-275,525	37	35,768	66
Silver	170,577	35	46,429	69	-63,288	37	16,859	41
Copper	203,896	29	18,840	56	-28,307	40	9,467	80
Palladium	6,435	0	-2,182	9	1,560	85	622	80
Platinum	61,603	24	7,537	13	-13,812	89	6,275	50
Natural Gas	1,144,047	14	-130,006	40	82,113	57	47,893	100
Brent	191,883	33	-40,102	44	37,663	56	2,439	42
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	762,855	36	200,098	80	-174,873	25	-25,225	28
Corn	1,625,198	42	500,612	94	-456,269	7	-44,343	18
Coffee	209,410	0	41,803	79	-45,447	24	3,644	15
Sugar	909,622	21	239,515	86	-295,470	12	55,955	77
Wheat	337,038	1	23,245	67	-20,425	21	-2,820	98

CORN Futures:

The CORN large speculator standing this week equaled a net position of 500,612 contracts in the data reported through Tuesday. This was a weekly lift of 5,031 contracts from the previous week which had a total of 495,581 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 94.0 percent. The commercials are Bearish-Extreme with a score of 6.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.5 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.1	45.0	9.4
– Percent of Open Interest Shorts:	5.3	73.1	12.1
– Net Position:	500,612	-456,269	-44,343
– Gross Longs:	586,638	731,004	152,407
– Gross Shorts:	86,026	1,187,273	196,750
– Long to Short Ratio:	6.8 to 1	0.6 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.0	6.9	17.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.3	0.1	-1.7

SUGAR Futures:

The SUGAR large speculator standing this week equaled a net position of 239,515 contracts in the data reported through Tuesday. This was a weekly decrease of -349 contracts from the previous week which had a total of 239,864 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 12.1 percent and the small traders (not shown in chart) are Bullish with a score of 77.0 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.6	44.2	11.6
– Percent of Open Interest Shorts:	6.3	76.7	5.5
– Net Position:	239,515	-295,470	55,955
– Gross Longs:	296,437	402,400	105,565
– Gross Shorts:	56,922	697,870	49,610
– Long to Short Ratio:	5.2 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	85.8	12.1	77.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.2	-19.8	20.0

COFFEE Futures:

The COFFEE large speculator standing this week equaled a net position of 41,803 contracts in the data reported through Tuesday. This was a weekly fall of -6,126 contracts from the previous week which had a total of 47,929 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 78.5 percent. The commercials are Bearish with a score of 24.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.4 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.5	53.8	4.7
– Percent of Open Interest Shorts:	5.5	75.5	2.9
– Net Position:	41,803	-45,447	3,644
– Gross Longs:	53,423	112,616	9,760
– Gross Shorts:	11,620	158,063	6,116
– Long to Short Ratio:	4.6 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.5	24.5	15.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.6	8.4	-2.5

SOYBEANS Futures:

The SOYBEANS large speculator standing this week equaled a net position of 200,098 contracts in the data reported through Tuesday. This was a weekly boost of 1,803 contracts from the previous week which had a total of 198,295 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 with a score of 79.8 percent. The commercials are Bearish with a score of 24.7 percent and the small traders (not shown in chart) are Bearish with a score of 28.4 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.8	46.0	7.2
– Percent of Open Interest Shorts:	6.6	69.0	10.5
– Net Position:	200,098	-174,873	-25,225
– Gross Longs:	250,566	351,286	55,231
– Gross Shorts:	50,468	526,159	80,456
– Long to Short Ratio:	5.0 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	79.8	24.7	28.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.1	3.4	3.6

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week equaled a net position of 105,211 contracts in the data reported through Tuesday. This was a weekly lift of 6,887 contracts from the previous week which had a total of 98,324 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 80.6 percent. The commercials are Bearish-Extreme with a score of 16.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 96.2 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.5	44.2	10.5
– Percent of Open Interest Shorts:	4.8	76.5	4.9
– Net Position:	105,211	-127,399	22,188
– Gross Longs:	124,302	174,162	41,383
– Gross Shorts:	19,091	301,561	19,195
– Long to Short Ratio:	6.5 to 1	0.6 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.6	16.1	96.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.3	-9.5	20.0

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week equaled a net position of 122,756 contracts in the data reported through Tuesday. This was a weekly boost of 6,498 contracts from the previous week which had a total of 116,258 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 95.8 percent. The commercials are Bearish-Extreme with a score of 2.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 99.0 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.5	42.4	13.1
– Percent of Open Interest Shorts:	3.1	80.7	5.2
– Net Position:	122,756	-154,801	32,045
– Gross Longs:	135,397	171,107	52,874
– Gross Shorts:	12,641	325,908	20,829
– Long to Short Ratio:	10.7 to 1	0.5 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	95.8	2.4	99.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.6	-2.2	13.0

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week equaled a net position of 54,525 contracts in the data reported through Tuesday. This was a weekly lift of 2,683 contracts from the previous week which had a total of 51,842 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 29.5 percent. The commercials are Bullish with a score of 67.0 percent and the small traders (not shown in chart) are Bullish with a score of 56.0 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.6	39.8	10.1
– Percent of Open Interest Shorts:	19.8	54.8	12.9
– Net Position:	54,525	-45,886	-8,639
– Gross Longs:	115,285	122,065	30,955
– Gross Shorts:	60,760	167,951	39,594
– Long to Short Ratio:	1.9 to 1	0.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.5	67.0	56.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.6	-12.0	-5.7

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week equaled a net position of 43,002 contracts in the data reported through Tuesday. This was a weekly increase of 2,231 contracts from the previous week which had a total of 40,771 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 53.6 percent. The commercials are Bearish with a score of 48.2 percent and the small traders (not shown in chart) are Bullish with a score of 69.8 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.4	34.4	10.7
– Percent of Open Interest Shorts:	17.6	51.1	12.7
– Net Position:	43,002	-38,275	-4,727
– Gross Longs:	83,133	78,601	24,424
– Gross Shorts:	40,131	116,876	29,151
– Long to Short Ratio:	2.1 to 1	0.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.6	48.2	69.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.3	6.1	16.7

COTTON Futures:

The COTTON large speculator standing this week equaled a net position of 85,120 contracts in the data reported through Tuesday. This was a weekly gain of 1,900 contracts from the previous week which had a total of 83,220 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 76.9 percent. The commercials are Bearish with a score of 20.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.6 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	46.6	35.0	9.4
– Percent of Open Interest Shorts:	6.0	81.8	3.1
– Net Position:	85,120	-98,107	12,987
– Gross Longs:	97,613	73,296	19,582
– Gross Shorts:	12,493	171,403	6,595
– Long to Short Ratio:	7.8 to 1	0.4 to 1	3.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.9	20.6	94.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.1	-1.0	20.9

COCOA Futures:

The COCOA large speculator standing this week equaled a net position of 36,357 contracts in the data reported through Tuesday. This was a weekly reduction of -2,802 contracts from the previous week which had a total of 39,159 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 53.3 percent. The commercials are Bearish with a score of 44.0 percent and the small traders (not shown in chart) are Bullish with a score of 65.1 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.5	45.6	6.3
– Percent of Open Interest Shorts:	16.4	63.5	3.5
– Net Position:	36,357	-43,099	6,742
– Gross Longs:	75,822	109,538	15,230
– Gross Shorts:	39,465	152,637	8,488
– Long to Short Ratio:	1.9 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.3	44.0	65.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.5	-2.9	-34.9

WHEAT Futures:

The WHEAT large speculator standing this week equaled a net position of 23,245 contracts in the data reported through Tuesday. This was a weekly fall of -641 contracts from the previous week which had a total of 23,886 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 66.8 percent. The commercials are Bearish with a score of 21.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 98.1 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.0	37.6	9.5
– Percent of Open Interest Shorts:	29.1	43.7	10.4
– Net Position:	23,245	-20,425	-2,820
– Gross Longs:	121,339	126,766	32,116
– Gross Shorts:	98,094	147,191	34,936
– 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):	66.8	21.0	98.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.0	-14.5	22.9

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

16 Apr

COT Currency Speculators drop their Japanese Yen bets to 183-week low

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 April 12th 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 further rise of bearish bets in the Japanese yen currency futures contracts. Yen speculators pushed their bearish bets higher for a fifth straight week this week and for the sixth time in the past seven weeks. Over the past five weeks, yen bets have fallen by a total of -55,971 contracts, going from a total of -55,856 net positions on March 8th to a total of -111,827 net positions this week. Speculator positions have now slid all the way to the lowest standing of the past one hundred and eight-three weeks, dating back to October 9th of 2019.

This recent weakness in yen positions and the yen price has taken place while open interest has been increasing which shows an accelerating downtrend as prices have been falling as more traders have been entering the market on the bearish side. The speculator strength index is also showing that the Japanese yen positions are at a bearish extreme position with the strength index at a zero percent level (strength index is the current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme).

The fundamental backdrop has been the major driver of yen weakness. The Bank of Japan has continued on with its stimulus program and has not indicated any plans to move interest rates off their near-zero level while other central banks around the world have put the breaks on their stimulus actions and have started hiking their interest rates to try to tame inflationary pressures. The yen this week hit the lowest level in twenty years against the US dollar as the USDJPY currency pair trades above the 126.00 level. The other major currencies have all hit multi-year highs versus the yen as well.

Overall, the currencies with higher speculator bets this week were the Euro (11,690 contracts), Brazil real (603 contracts), New Zealand dollar (1,280 contracts), Canadian dollar (5,235 contracts), Bitcoin (411 contracts), Australian dollar (8,798 contracts) and the Mexican peso (14,050 contracts).

The currencies with declining bets were the US Dollar Index (-2,215 contracts), Japanese yen (-7,998 contracts), Swiss franc (-1,549 contracts) and the British pound sterling (-11,296 contracts).

Speculator strength standings for each Currency 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

Apr-12-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	54,836	78	29,637	77	-36,045	15	6,408	87
EUR	678,607	73	39,060	47	-60,750	59	21,690	10
GBP	246,152	68	-53,054	36	70,949	72	-17,895	19
JPY	245,403	86	-111,827	0	131,902	100	-20,075	13
CHF	41,231	16	-13,942	46	22,299	56	-8,357	39
CAD	155,390	34	12,158	59	-33,450	35	21,292	72
AUD	150,939	45	-28,715	58	17,876	32	10,839	79
NZD	37,585	20	-289	71	-429	30	718	60
MXN	175,905	38	14,960	34	-19,553	65	4,593	62
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	67,772	64	46,129	96	-48,954	4	2,825	98
Bitcoin	10,632	56	167	98	-439	0	272	19

US Dollar Index Futures:

The US Dollar Index large speculator standing this week resulted in a net position of 29,637 contracts in the data reported through Tuesday. This was a weekly lowering of -2,215 contracts from the previous week which had a total of 31,852 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 76.9 percent. The commercials are Bearish-Extreme with a score of 14.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.6 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.8	2.2	15.3
– Percent of Open Interest Shorts:	26.7	68.0	3.6
– Net Position:	29,637	-36,045	6,408
– Gross Longs:	44,303	1,226	8,402
– Gross Shorts:	14,666	37,271	1,994
– Long to Short Ratio:	3.0 to 1	0.0 to 1	4.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.9	14.7	86.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.9	5.6	19.6

Euro Currency Futures:

The Euro Currency large speculator standing this week resulted in a net position of 39,060 contracts in the data reported through Tuesday. This was a weekly advance of 11,690 contracts from the previous week which had a total of 27,370 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 47.0 percent. The commercials are Bullish with a score of 58.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.3 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.7	53.0	11.7
– Percent of Open Interest Shorts:	26.9	62.0	8.5
– Net Position:	39,060	-60,750	21,690
– Gross Longs:	221,645	359,853	79,165
– Gross Shorts:	182,585	420,603	57,475
– Long to Short Ratio:	1.2 to 1	0.9 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.0	58.6	10.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.9	9.7	-14.0

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week resulted in a net position of -53,054 contracts in the data reported through Tuesday. This was a weekly lowering of -11,296 contracts from the previous week which had a total of -41,758 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 35.8 percent. The commercials are Bullish with a score of 71.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.6 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.4	75.7	8.0
– Percent of Open Interest Shorts:	36.0	46.9	15.3
– Net Position:	-53,054	70,949	-17,895
– Gross Longs:	35,514	186,343	19,803
– Gross Shorts:	88,568	115,394	37,698
– Long to Short Ratio:	0.4 to 1	1.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	35.8	71.6	18.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-38.0	33.6	-8.5

Japanese Yen Futures:

The Japanese Yen large speculator standing this week resulted in a net position of -111,827 contracts in the data reported through Tuesday. This was a weekly decrease of -7,998 contracts from the previous week which had a total of -103,829 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 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.7 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.0	86.7	8.2
– Percent of Open Interest Shorts:	49.6	33.0	16.3
– Net Position:	-111,827	131,902	-20,075
– Gross Longs:	9,925	212,850	20,022
– Gross Shorts:	121,752	80,948	40,097
– Long to Short Ratio:	0.1 to 1	2.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	12.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-26.5	25.5	-18.8

Swiss Franc Futures:

The Swiss Franc large speculator standing this week resulted in a net position of -13,942 contracts in the data reported through Tuesday. This was a weekly lowering of -1,549 contracts from the previous week which had a total of -12,393 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 45.6 percent. The commercials are Bullish with a score of 55.9 percent and the small traders (not shown in chart) are Bearish with a score of 38.8 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.0	74.7	21.2
– Percent of Open Interest Shorts:	37.8	20.6	41.5
– Net Position:	-13,942	22,299	-8,357
– Gross Longs:	1,642	30,798	8,742
– Gross Shorts:	15,584	8,499	17,099
– Long to Short Ratio:	0.1 to 1	3.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.6	55.9	38.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.3	1.6	-8.0

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week resulted in a net position of 12,158 contracts in the data reported through Tuesday. This was a weekly gain of 5,235 contracts from the previous week which had a total of 6,923 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 35.4 percent and the small traders (not shown in chart) are Bullish with a score of 72.2 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.3	49.5	25.0
– Percent of Open Interest Shorts:	16.5	71.0	11.3
– Net Position:	12,158	-33,450	21,292
– Gross Longs:	37,724	76,922	38,796
– Gross Shorts:	25,566	110,372	17,504
– Long to Short Ratio:	1.5 to 1	0.7 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.8	35.4	72.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.0	-8.6	27.6

Australian Dollar Futures:

The Australian Dollar large speculator standing this week resulted in a net position of -28,715 contracts in the data reported through Tuesday. This was a weekly increase of 8,798 contracts from the previous week which had a total of -37,513 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 58.2 percent. The commercials are Bearish with a score of 32.2 percent and the small traders (not shown in chart) are Bullish with a score of 78.9 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.3	53.9	19.3
– Percent of Open Interest Shorts:	45.4	42.1	12.1
– Net Position:	-28,715	17,876	10,839
– Gross Longs:	39,770	81,396	29,106
– Gross Shorts:	68,485	63,520	18,267
– Long to Short Ratio:	0.6 to 1	1.3 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.2	32.2	78.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	46.0	-52.2	49.4

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week resulted in a net position of -289 contracts in the data reported through Tuesday. This was a weekly boost of 1,280 contracts from the previous week which had a total of -1,569 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 70.8 percent. The commercials are Bearish with a score of 29.7 percent and the small traders (not shown in chart) are Bullish with a score of 60.1 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.4	45.9	10.0
– Percent of Open Interest Shorts:	44.1	47.0	8.1
– Net Position:	-289	-429	718
– Gross Longs:	16,295	17,233	3,773
– Gross Shorts:	16,584	17,662	3,055
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	70.8	29.7	60.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.3	-25.5	30.2

Mexican Peso Futures:

The Mexican Peso large speculator standing this week resulted in a net position of 14,960 contracts in the data reported through Tuesday. This was a weekly advance of 14,050 contracts from the previous week which had a total of 910 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 33.7 percent. The commercials are Bullish with a score of 64.6 percent and the small traders (not shown in chart) are Bullish with a score of 62.5 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	46.4	48.8	4.3
– Percent of Open Interest Shorts:	37.9	59.9	1.7
– Net Position:	14,960	-19,553	4,593
– Gross Longs:	81,582	85,784	7,517
– Gross Shorts:	66,622	105,337	2,924
– Long to Short Ratio:	1.2 to 1	0.8 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	33.7	64.6	62.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.7	10.9	4.9

Brazilian Real Futures:

The Brazilian Real large speculator standing this week resulted in a net position of 46,129 contracts in the data reported through Tuesday. This was a weekly lift of 603 contracts from the previous week which had a total of 45,526 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 95.7 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 97.9 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.6	15.6	6.6
– Percent of Open Interest Shorts:	9.6	87.9	2.5
– Net Position:	46,129	-48,954	2,825
– Gross Longs:	52,624	10,591	4,496
– Gross Shorts:	6,495	59,545	1,671
– Long to Short Ratio:	8.1 to 1	0.2 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	95.7	3.5	97.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.2	3.3	10.9

Bitcoin Futures:

The Bitcoin large speculator standing this week resulted in a net position of 167 contracts in the data reported through Tuesday. This was a weekly gain of 411 contracts from the previous week which had a total of -244 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 97.9 percent. The commercials are Bearish-Extreme with a score of 6.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.1 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.2	3.6	10.0
– Percent of Open Interest Shorts:	75.6	7.7	7.4
– Net Position:	167	-439	272
– Gross Longs:	8,207	382	1,058
– Gross Shorts:	8,040	821	786
– Long to Short Ratio:	1.0 to 1	0.5 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	97.9	6.3	19.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.9	6.3	-3.8

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

16 Apr

Metals Speculators reduce Platinum bets for 3rd week to 13-week low

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 April 12th 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 declines in the Platinum futures bets. The speculative net position in Platinum futures has fallen for three consecutive weeks and in four out of the past five weeks. Speculator positions have dropped by a total of -19,418 contracts over those past five weeks and the current speculator standing has now decreased to the lowest level in the past thirteen weeks, dating back to November 11th. Despite a strong environment in general for commodities, Platinum speculator bets are under performing in 2022 with a weekly average of +13,284 contracts compared to weekly contract averages of +25,542 contracts in all of 2020 and +19,324 contracts in all of 2021. Overall, Platinum and Palladium (-2,033 net position this week) have been seeing weakness in their speculative positions as well as their prices compared to the other metals (Gold, Silver and Copper).

The metals markets with higher speculator bets this week were Silver (952 contracts), Gold (8,746 contracts) and Palladium (8 contracts) while the metals markets with declining speculator bets this week were Copper (-12,792 contracts) and Platinum (-4,875 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

Apr-12-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,783,725	0	304,778	0	-350,603	100	45,825	80
Gold	577,639	40	254,287	69	-288,093	30	33,806	60
Silver	158,813	24	45,986	68	-63,690	36	17,704	46
Copper	204,825	30	23,350	59	-29,249	39	5,899	59
Palladium	6,340	0	-2,033	10	1,402	84	631	80
Platinum	63,363	27	6,415	11	-13,233	90	6,818	57
Natural Gas	1,170,828	20	-137,549	37	90,221	59	47,328	99
Brent	190,488	32	-36,318	50	33,933	50	2,385	41
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	752,157	34	198,295	79	-170,694	26	-27,601	24
Corn	1,589,848	36	495,581	93	-443,706	9	-51,875	13
Coffee	214,938	0	47,929	83	-52,716	19	4,787	24
Sugar	916,130	23	239,864	86	-301,628	11	61,764	84
Wheat	338,271	1	23,886	67	-21,258	20	-2,628	99

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week equaled a net position of 254,287 contracts in the data reported through Tuesday. This was a weekly lift of 8,746 contracts from the previous week which had a total of 245,541 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 Bullish with a score of 68.6 percent. The commercials are Bearish with a score of 29.7 percent and the small traders (not shown in chart) are Bullish with a score of 60.1 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	58.5	21.7	9.6
– Percent of Open Interest Shorts:	14.5	71.6	3.7
– Net Position:	254,287	-288,093	33,806
– Gross Longs:	338,164	125,627	55,264
– Gross Shorts:	83,877	413,720	21,458
– Long to Short Ratio:	4.0 to 1	0.3 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.6	29.7	60.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.1	-0.7	16.0

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week equaled a net position of 45,986 contracts in the data reported through Tuesday. This was a weekly lift of 952 contracts from the previous week which had a total of 45,034 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 68.2 percent. The commercials are Bearish with a score of 36.4 percent and the small traders (not shown in chart) are Bearish with a score of 46.0 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.8	32.2	18.8
– Percent of Open Interest Shorts:	12.8	72.3	7.7
– Net Position:	45,986	-63,690	17,704
– Gross Longs:	66,356	51,139	29,877
– Gross Shorts:	20,370	114,829	12,173
– Long to Short Ratio:	3.3 to 1	0.4 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.2	36.4	46.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-6.4	32.0

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week equaled a net position of 23,350 contracts in the data reported through Tuesday. This was a weekly decline of -12,792 contracts from the previous week which had a total of 36,142 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 59.2 percent. The commercials are Bearish with a score of 39.4 percent and the small traders (not shown in chart) are Bullish with a score of 59.4 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.0	39.8	8.8
– Percent of Open Interest Shorts:	28.6	54.1	5.9
– Net Position:	23,350	-29,249	5,899
– Gross Longs:	81,940	81,559	17,972
– Gross Shorts:	58,590	110,808	12,073
– Long to Short Ratio:	1.4 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.2	39.4	59.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.9	0.1	-8.0

Platinum Futures:

The Platinum Futures large speculator standing this week equaled a net position of 6,415 contracts in the data reported through Tuesday. This was a weekly decline of -4,875 contracts from the previous week which had a total of 11,290 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 10.9 percent. The commercials are Bullish-Extreme with a score of 90.1 percent and the small traders (not shown in chart) are Bullish with a score of 57.2 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.0	34.0	16.5
– Percent of Open Interest Shorts:	34.9	54.9	5.7
– Net Position:	6,415	-13,233	6,818
– Gross Longs:	28,544	21,537	10,461
– Gross Shorts:	22,129	34,770	3,643
– Long to Short Ratio:	1.3 to 1	0.6 to 1	2.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.9	90.1	57.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.3	15.7	-6.8

Palladium Futures:

The Palladium Futures large speculator standing this week equaled a net position of -2,033 contracts in the data reported through Tuesday. This was a weekly gain of 8 contracts from the previous week which had a total of -2,041 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 10.0 percent. The commercials are Bullish-Extreme with a score of 84.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.4 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.1	51.6	21.7
– Percent of Open Interest Shorts:	58.1	29.5	11.7
– Net Position:	-2,033	1,402	631
– Gross Longs:	1,653	3,273	1,374
– Gross Shorts:	3,686	1,871	743
– Long to Short Ratio:	0.4 to 1	1.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.0	84.5	80.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.5	5.6	8.7

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