CountingPips Forex Blog

Archive for CountingPips Forex Blog – Page 13

Brent Crude Speculators added bearish bets after multi-year lows

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 March 8th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT energy data is the Brent Oil (Last Day) futures bets. The speculative net position in the Brent Crude Oil futures last week saw speculator sharply raise their weekly bets and brought the overall net position (-6,707 contracts) to the least bearish level of the previous four hundred and twenty-two weeks, dating all the way back to February 4th of 2014 when spec positions totaled -4,253 contracts. Due to the particular dynamics of this market, there has not been a bullish net speculator position in this market since 2013.

This week saw speculators add to their net bearish standing but not by much (-5,005 contracts) and we could see a possible positive speculator reading in this market soon due to the Russian invasion of Ukraine and the toll it has taken on the oil markets.

Joining Brent Crude Oil (-5,005 contracts) in falling this week were WTI Crude Oil (-6,998 contracts), Natural Gas (-12,004 contracts), Heating Oil (-9,228 contracts), Gasoline (-15,543 contracts) and the Bloomberg Commodity Index (-1,693 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Mar-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,896,974	5	361,665	11	-408,809	80	47,144	81
Gold	638,502	57	274,388	75	-306,946	24	32,558	57
Silver	168,283	33	52,297	74	-69,609	31	17,312	44
Copper	198,844	26	31,819	65	-40,070	32	8,251	73
Palladium	7,631	5	-272	20	-563	73	835	94
Platinum	72,496	43	25,833	39	-32,358	63	6,525	53
Natural Gas	1,085,853	0	-138,413	37	97,671	62	40,742	82
Brent	196,832	37	-11,712	92	10,814	11	898	21
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	743,566	32	216,577	84	-189,219	21	-27,358	25
Corn	1,487,815	19	498,033	94	-456,684	7	-41,349	19
Coffee	224,222	3	52,113	86	-56,074	16	3,961	16
Sugar	837,413	5	151,076	68	-190,856	32	39,780	57
Wheat	342,996	4	12,625	58	-5,496	35	-7,129	72

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week resulted in a net position of 361,665 contracts in the data reported through Tuesday. This was a weekly lowering of -6,998 contracts from the previous week which had a total of 368,663 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 11.2 percent. The commercials are Bullish with a score of 79.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.5 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.0	36.7	5.3
– Percent of Open Interest Shorts:	4.9	58.3	2.8
– Net Position:	361,665	-408,809	47,144
– Gross Longs:	455,339	696,449	99,767
– Gross Shorts:	93,674	1,105,258	52,623
– Long to Short Ratio:	4.9 to 1	0.6 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.2	79.9	81.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.6	4.7	-0.1

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week resulted in a net position of -11,712 contracts in the data reported through Tuesday. This was a weekly reduction of -5,005 contracts from the previous week which had a total of -6,707 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.6 percent. The commercials are Bearish-Extreme with a score of 11.3 percent and the small traders (not shown in chart) are Bearish with a score of 21.4 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.6	37.8	4.8
– Percent of Open Interest Shorts:	31.5	32.3	4.3
– Net Position:	-11,712	10,814	898
– Gross Longs:	50,323	74,477	9,367
– Gross Shorts:	62,035	63,663	8,469
– Long to Short Ratio:	0.8 to 1	1.2 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.6	11.3	21.4
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.9	-21.7	-15.9

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week resulted in a net position of -138,413 contracts in the data reported through Tuesday. This was a weekly reduction of -12,004 contracts from the previous week which had a total of -126,409 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 37.0 percent. The commercials are Bullish with a score of 61.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 82.1 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.6	43.6	5.6
– Percent of Open Interest Shorts:	35.3	34.6	1.9
– Net Position:	-138,413	97,671	40,742
– Gross Longs:	245,092	473,729	60,990
– Gross Shorts:	383,505	376,058	20,248
– Long to Short Ratio:	0.6 to 1	1.3 to 1	3.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	37.0	61.7	82.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.2	0.0	34.8

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week resulted in a net position of 46,900 contracts in the data reported through Tuesday. This was a weekly lowering of -15,543 contracts from the previous week which had a total of 62,443 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 17.8 percent. The commercials are Bullish-Extreme with a score of 84.4 percent and the small traders (not shown in chart) are Bearish with a score of 45.6 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.6	51.0	6.6
– Percent of Open Interest Shorts:	11.6	67.9	4.8
– Net Position:	46,900	-52,610	5,710
– Gross Longs:	82,887	158,839	20,554
– Gross Shorts:	35,987	211,449	14,844
– Long to Short Ratio:	2.3 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	17.8	84.4	45.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.9	14.6	-11.2

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week resulted in a net position of 6,455 contracts in the data reported through Tuesday. This was a weekly lowering of -9,228 contracts from the previous week which had a total of 15,683 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.9 percent. The commercials are Bearish with a score of 36.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.4 percent.

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

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week resulted in a net position of -14,569 contracts in the data reported through Tuesday. This was a weekly decline of -1,693 contracts from the previous week which had a total of -12,876 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 51.8 percent. The commercials are Bearish with a score of 46.5 percent and the small traders (not shown in chart) are Bearish with a score of 45.9 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	62.5	32.8	1.9
– Percent of Open Interest Shorts:	95.4	1.5	0.2
– Net Position:	-14,569	13,825	744
– Gross Longs:	27,594	14,481	828
– Gross Shorts:	42,163	656	84
– Long to Short Ratio:	0.7 to 1	22.1 to 1	9.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.8	46.5	45.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.8	1.1	6.4

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.

12 Mar

COT Metals Speculators raise Gold bullish bets for 5th week to 61-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 March 8th 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 continued gains in the Gold futures bets. The speculative net position in the Gold futures has risen for five consecutive weeks and in six out of the past seven weeks. Gold bets have now increased by a total of +102,246 contracts over just these past five weeks as bullish sentiment has increased due to inflation and the war in Ukraine. The current speculator position has now ascended to the most bullish level (+274,388) in the past sixty-one weeks, dating back to October 15th of 2021 when bullish bets totaled +279,318 contracts.

All the metals markets we cover saw higher speculator bets with Silver (7,349 contracts), Gold (16,766 contracts), Copper (9,726 contracts), Platinum (8,943 contracts) and Palladium (632 contracts) all rising for the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Mar-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,896,974	5	361,665	11	-408,809	80	47,144	81
Gold	638,502	57	274,388	75	-306,946	24	32,558	57
Silver	168,283	33	52,297	74	-69,609	31	17,312	44
Copper	198,844	26	31,819	65	-40,070	32	8,251	73
Palladium	7,631	5	-272	20	-563	73	835	94
Platinum	72,496	43	25,833	39	-32,358	63	6,525	53
Natural Gas	1,085,853	0	-138,413	37	97,671	62	40,742	82
Brent	196,832	37	-11,712	92	10,814	11	898	21
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	743,566	32	216,577	84	-189,219	21	-27,358	25
Corn	1,487,815	19	498,033	94	-456,684	7	-41,349	19
Coffee	224,222	3	52,113	86	-56,074	16	3,961	16
Sugar	837,413	5	151,076	68	-190,856	32	39,780	57
Wheat	342,996	4	12,625	58	-5,496	35	-7,129	72

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week reached a net position of 274,388 contracts in the data reported through Tuesday. This was a weekly lift of 16,766 contracts from the previous week which had a total of 257,622 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 74.9 percent. The commercials are Bearish with a score of 24.0 percent and the small traders (not shown in chart) are Bullish with a score of 56.6 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.1	21.8	8.8
– Percent of Open Interest Shorts:	14.1	69.9	3.7
– Net Position:	274,388	-306,946	32,558
– Gross Longs:	364,618	139,397	55,964
– Gross Shorts:	90,230	446,343	23,406
– Long to Short Ratio:	4.0 to 1	0.3 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	74.9	24.0	56.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.1	-17.4	8.4

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week reached a net position of 52,297 contracts in the data reported through Tuesday. This was a weekly lift of 7,349 contracts from the previous week which had a total of 44,948 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 74.5 percent. The commercials are Bearish with a score of 30.6 percent and the small traders (not shown in chart) are Bearish with a score of 43.7 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.5	29.0	17.0
– Percent of Open Interest Shorts:	14.4	70.4	6.7
– Net Position:	52,297	-69,609	17,312
– Gross Longs:	76,565	48,816	28,583
– Gross Shorts:	24,268	118,425	11,271
– Long to Short Ratio:	3.2 to 1	0.4 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	74.5	30.6	43.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.1	-21.5	10.3

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week reached a net position of 31,819 contracts in the data reported through Tuesday. This was a weekly gain of 9,726 contracts from the previous week which had a total of 22,093 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 65.3 percent. The commercials are Bearish with a score of 31.9 percent and the small traders (not shown in chart) are Bullish with a score of 73.0 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.1	37.7	9.6
– Percent of Open Interest Shorts:	28.1	57.9	5.4
– Net Position:	31,819	-40,070	8,251
– Gross Longs:	87,744	74,975	19,023
– Gross Shorts:	55,925	115,045	10,772
– Long to Short Ratio:	1.6 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.3	31.9	73.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.8	-5.0	11.0

Platinum Futures:

The Platinum Futures large speculator standing this week reached a net position of 25,833 contracts in the data reported through Tuesday. This was a weekly gain of 8,943 contracts from the previous week which had a total of 16,890 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.2 percent. The commercials are Bullish with a score of 62.7 percent and the small traders (not shown in chart) are Bullish with a score of 53.1 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.6	26.1	12.5
– Percent of Open Interest Shorts:	22.0	70.8	3.5
– Net Position:	25,833	-32,358	6,525
– Gross Longs:	41,758	18,935	9,082
– Gross Shorts:	15,925	51,293	2,557
– Long to Short Ratio:	2.6 to 1	0.4 to 1	3.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.2	62.7	53.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.5	-18.8	15.2

Palladium Futures:

The Palladium Futures large speculator standing this week reached a net position of -272 contracts in the data reported through Tuesday. This was a weekly boost of 632 contracts from the previous week which had a total of -904 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 20.0 percent. The commercials are Bullish with a score of 73.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 93.8 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.4	42.6	22.1
– Percent of Open Interest Shorts:	38.0	49.9	11.2
– Net Position:	-272	-563	835
– Gross Longs:	2,624	3,247	1,686
– Gross Shorts:	2,896	3,810	851
– Long to Short Ratio:	0.9 to 1	0.9 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	20.0	73.2	93.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.8	-16.2	66.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

12 Mar

COT Soft Commodities Speculators drive their Sugar bullish bets sharply higher

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 March 8th 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 jump in the Sugar futures bets. The speculative net position in the Sugar futures rose sharply this week by the largest one-week amount (+66,537 contracts) in the past one hundred and seventeen weeks, dating back to December 10th of 2019. Over the past year, Sugar speculator bets had remained at a high bullish level with speculator positions reaching a high level of +302,267 contracts in August. The speculator sentiment started to trend lower over the last months of 2021 and fell below the +100,000 contract threshold in February for the first time in over a year. However, Sugar bets have now increased for three consecutive weeks and these gains have pushed the current Sugar speculator standing to the highest level of the past nine weeks at +151,076 contracts.

The soft commodities that saw higher bets this week were Corn (37,095 contracts), Sugar (66,537 contracts), Soybean Oil (6,730 contracts), Soybean Meal (8,421 contracts), Cocoa (4,331 contracts) and Wheat (6,182 contracts).

The soft commodities that saw lower bets this week were Coffee (-9,793 contracts), Soybeans (-2,330 contracts), Live Cattle (-19,472 contracts), Lean Hogs (-9,714 contracts) and Cotton (-4,997 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Mar-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,896,974	5	361,665	11	-408,809	80	47,144	81
Gold	638,502	57	274,388	75	-306,946	24	32,558	57
Silver	168,283	33	52,297	74	-69,609	31	17,312	44
Copper	198,844	26	31,819	65	-40,070	32	8,251	73
Palladium	7,631	5	-272	20	-563	73	835	94
Platinum	72,496	43	25,833	39	-32,358	63	6,525	53
Natural Gas	1,085,853	0	-138,413	37	97,671	62	40,742	82
Brent	196,832	37	-11,712	92	10,814	11	898	21
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	743,566	32	216,577	84	-189,219	21	-27,358	25
Corn	1,487,815	19	498,033	94	-456,684	7	-41,349	19
Coffee	224,222	3	52,113	86	-56,074	16	3,961	16
Sugar	837,413	5	151,076	68	-190,856	32	39,780	57
Wheat	342,996	4	12,625	58	-5,496	35	-7,129	72

CORN Futures:

The CORN large speculator standing this week came in at a net position of 498,033 contracts in the data reported through Tuesday. This was a weekly lift of 37,095 contracts from the previous week which had a total of 460,938 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 93.7 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 19.2 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.5	45.6	8.5
– Percent of Open Interest Shorts:	4.1	76.3	11.3
– Net Position:	498,033	-456,684	-41,349
– Gross Longs:	558,302	678,788	126,216
– Gross Shorts:	60,269	1,135,472	167,565
– Long to Short Ratio:	9.3 to 1	0.6 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	93.7	6.9	19.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.5	-9.6	4.8

SUGAR Futures:

The SUGAR large speculator standing this week came in at a net position of 151,076 contracts in the data reported through Tuesday. This was a weekly boost of 66,537 contracts from the previous week which had a total of 84,539 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 32.0 percent and the small traders (not shown in chart) are Bullish with a score of 57.0 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.5	51.3	10.7
– Percent of Open Interest Shorts:	7.5	74.1	6.0
– Net Position:	151,076	-190,856	39,780
– Gross Longs:	213,623	429,582	89,877
– Gross Shorts:	62,547	620,438	50,097
– Long to Short Ratio:	3.4 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.7	32.0	57.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.1	-9.1	22.4

COFFEE Futures:

The COFFEE large speculator standing this week came in at a net position of 52,113 contracts in the data reported through Tuesday. This was a weekly decline of -9,793 contracts from the previous week which had a total of 61,906 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 86.5 percent. The commercials are Bearish-Extreme with a score of 15.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.7 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.7	49.0	4.7
– Percent of Open Interest Shorts:	5.4	74.0	2.9
– Net Position:	52,113	-56,074	3,961
– Gross Longs:	64,268	109,942	10,460
– Gross Shorts:	12,155	166,016	6,499
– Long to Short Ratio:	5.3 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.5	15.9	15.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.9	7.0	4.5

SOYBEANS Futures:

The SOYBEANS large speculator standing this week came in at a net position of 216,577 contracts in the data reported through Tuesday. This was a weekly decline of -2,330 contracts from the previous week which had a total of 218,907 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 83.8 percent. The commercials are Bearish with a score of 21.3 percent and the small traders (not shown in chart) are Bearish with a score of 24.8 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.4	44.5	6.5
– Percent of Open Interest Shorts:	6.2	70.0	10.2
– Net Position:	216,577	-189,219	-27,358
– Gross Longs:	263,044	330,997	48,509
– Gross Shorts:	46,467	520,216	75,867
– Long to Short Ratio:	5.7 to 1	0.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	83.8	21.3	24.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.7	-18.0	14.8

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week came in at a net position of 91,682 contracts in the data reported through Tuesday. This was a weekly lift of 6,730 contracts from the previous week which had a total of 84,952 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 73.3 percent. The commercials are Bearish with a score of 25.5 percent and the small traders (not shown in chart) are Bullish with a score of 76.2 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.3	49.1	9.9
– Percent of Open Interest Shorts:	5.0	80.2	5.0
– Net Position:	91,682	-108,504	16,822
– Gross Longs:	108,997	171,067	34,341
– Gross Shorts:	17,315	279,571	17,519
– Long to Short Ratio:	6.3 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	73.3	25.5	76.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.5	-15.1	25.9

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week came in at a net position of 121,604 contracts in the data reported through Tuesday. This was a weekly increase of 8,421 contracts from the previous week which had a total of 113,183 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.0 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.2	44.7	12.0
– Percent of Open Interest Shorts:	3.1	84.3	4.3
– Net Position:	121,604	-150,565	28,961
– Gross Longs:	133,535	169,698	45,414
– Gross Shorts:	11,931	320,263	16,453
– Long to Short Ratio:	11.2 to 1	0.5 to 1	2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	86.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.9	-25.2	15.0

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week came in at a net position of 39,567 contracts in the data reported through Tuesday. This was a weekly lowering of -19,472 contracts from the previous week which had a total of 59,039 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 15.6 percent. The commercials are Bullish-Extreme with a score of 81.0 percent and the small traders (not shown in chart) are Bullish with a score of 70.4 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.7	42.0	10.0
– Percent of Open Interest Shorts:	20.7	52.0	12.1
– Net Position:	39,567	-32,718	-6,849
– Gross Longs:	107,356	137,930	32,744
– Gross Shorts:	67,789	170,648	39,593
– Long to Short Ratio:	1.6 to 1	0.8 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.6	81.0	70.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.1	8.8	-4.0

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week came in at a net position of 51,525 contracts in the data reported through Tuesday. This was a weekly fall of -9,714 contracts from the previous week which had a total of 61,239 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 62.9 percent. The commercials are Bearish with a score of 42.1 percent and the small traders (not shown in chart) are Bearish with a score of 45.2 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.4	35.4	8.9
– Percent of Open Interest Shorts:	16.2	53.2	12.2
– Net Position:	51,525	-43,476	-8,049
– Gross Longs:	90,959	86,189	21,651
– Gross Shorts:	39,434	129,665	29,700
– Long to Short Ratio:	2.3 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.9	42.1	45.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.1	1.7	21.9

COTTON Futures:

The COTTON large speculator standing this week came in at a net position of 86,831 contracts in the data reported through Tuesday. This was a weekly decline of -4,997 contracts from the previous week which had a total of 91,828 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 21.6 percent and the small traders (not shown in chart) are Bullish with a score of 73.7 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.0	41.0	7.7
– Percent of Open Interest Shorts:	5.1	83.1	3.5
– Net Position:	86,831	-96,466	9,635
– Gross Longs:	98,415	93,704	17,706
– Gross Shorts:	11,584	190,170	8,071
– Long to Short Ratio:	8.5 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.0	21.6	73.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.4	5.4	-13.8

COCOA Futures:

The COCOA large speculator standing this week came in at a net position of 29,762 contracts in the data reported through Tuesday. This was a weekly increase of 4,331 contracts from the previous week which had a total of 25,431 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 50.5 percent. The commercials are Bearish with a score of 43.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	46.0	8.1
– Percent of Open Interest Shorts:	16.8	62.5	3.8
– Net Position:	29,762	-40,088	10,326
– Gross Longs:	70,628	112,129	19,632
– Gross Shorts:	40,866	152,217	9,306
– Long to Short Ratio:	1.7 to 1	0.7 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.5	43.1	100.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-6.8	61.1

WHEAT Futures:

The WHEAT large speculator standing this week came in at a net position of 12,625 contracts in the data reported through Tuesday. This was a weekly gain of 6,182 contracts from the previous week which had a total of 6,443 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 57.8 percent. The commercials are Bearish with a score of 35.5 percent and the small traders (not shown in chart) are Bullish with a score of 71.8 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.0	43.2	8.9
– Percent of Open Interest Shorts:	29.3	44.8	11.0
– Net Position:	12,625	-5,496	-7,129
– Gross Longs:	113,208	148,158	30,677
– Gross Shorts:	100,583	153,654	37,806
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.8	35.5	71.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.8	-1.9	5.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

05 Mar

Large Currency Speculators raise their Brazilian Real bullish bets to 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 March 1st 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 jump in bullish bets in the Brazilian Real currency futures contracts. Real speculators increased their bullish bets for a fourth straight week this week and by a total of +63,801 contracts over this four-week time-frame. This bullishness has taken the Real speculator level from -13,353 net positions on February 1st to +50,448 net positions this week. The current overall speculator standing has now climbed to the most bullish level on record, according to the CFTC data that goes back to the mid-1990’s and eclipsing the previous high set in 2017. The BRLUSD currency pair price has been in an uptrend since the beginning of the year and has reached the highest levels since June just below the 0.2000 exchange rate.

The currencies with higher speculator bets this week were the Brazil real (26,003 contracts), Mexican peso (25,553 contracts), Euro (5,633 contracts), British pound sterling (5,472 contracts), Canadian dollar (4,887 contracts), Australian dollar (5,744 contracts) and Bitcoin (363 contracts).

The currencies with lower speculator bets were the US Dollar Index (-1,310 contracts), Japanese yen (-5,545 contracts), Swiss franc (-4,261 contracts), New Zealand dollar (-2,621 contracts) and the Russian ruble (-9,843 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Mar-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	56,651	82	34,774	86	-39,391	9	4,617	67
EUR	719,975	91	64,939	55	-95,105	49	30,166	24
GBP	211,869	46	-337	74	14,129	38	-13,792	27
JPY	208,629	61	-68,732	25	79,535	76	-10,803	27
CHF	47,273	24	-15,248	43	20,862	54	-5,614	47
CAD	143,507	26	14,140	61	-21,586	42	7,446	45
AUD	189,667	75	-78,336	12	87,737	84	-9,401	30
NZD	50,389	44	-14,172	47	16,090	55	-1,918	30
MXN	154,664	28	42,378	45	-45,811	54	3,433	58
RUB	24,753	11	9,674	36	-9,068	65	-606	18
BRL	94,577	100	24,445	74	-27,081	25	2,636	97
Bitcoin	9,980	51	80	99	-517	0	437	23

US Dollar Index Futures:

The US Dollar Index large speculator standing this week equaled a net position of 34,774 contracts in the data reported through Tuesday. This was a weekly fall of -1,310 contracts from the previous week which had a total of 36,084 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 9.1 percent and the small traders (not shown in chart) are Bullish with a score of 67.0 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.2	8.5	10.5
– Percent of Open Interest Shorts:	15.9	78.1	2.3
– Net Position:	34,774	-39,391	4,617
– Gross Longs:	43,761	4,831	5,942
– Gross Shorts:	8,987	44,222	1,325
– Long to Short Ratio:	4.9 to 1	0.1 to 1	4.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	85.8	9.1	67.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.9	5.0	-14.7

Euro Currency Futures:

The Euro Currency large speculator standing this week equaled a net position of 64,939 contracts in the data reported through Tuesday. This was a weekly boost of 5,633 contracts from the previous week which had a total of 59,306 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 54.9 percent. The commercials are Bearish with a score of 48.8 percent and the small traders (not shown in chart) are Bearish with a score of 24.4 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.7	54.2	11.7
– Percent of Open Interest Shorts:	22.7	67.4	7.5
– Net Position:	64,939	-95,105	30,166
– Gross Longs:	228,385	390,260	84,321
– Gross Shorts:	163,446	485,365	54,155
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.9	48.8	24.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.4	-12.6	7.1

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week equaled a net position of -337 contracts in the data reported through Tuesday. This was a weekly lift of 5,472 contracts from the previous week which had a total of -5,809 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 73.8 percent. The commercials are Bearish with a score of 38.0 percent and the small traders (not shown in chart) are Bearish with a score of 27.1 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.5	62.1	10.6
– Percent of Open Interest Shorts:	22.7	55.4	17.2
– Net Position:	-337	14,129	-13,792
– Gross Longs:	47,679	131,583	22,551
– Gross Shorts:	48,016	117,454	36,343
– Long to Short Ratio:	1.0 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	73.8	38.0	27.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.1	6.7	-23.2

Japanese Yen Futures:

The Japanese Yen large speculator standing this week equaled a net position of -68,732 contracts in the data reported through Tuesday. This was a weekly decrease of -5,545 contracts from the previous week which had a total of -63,187 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.6 percent. The commercials are Bullish with a score of 75.7 percent and the small traders (not shown in chart) are Bearish with a score of 26.5 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.0	80.3	10.7
– Percent of Open Interest Shorts:	40.0	42.2	15.9
– Net Position:	-68,732	79,535	-10,803
– Gross Longs:	14,665	167,605	22,407
– Gross Shorts:	83,397	88,070	33,210
– Long to Short Ratio:	0.2 to 1	1.9 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	24.6	75.7	26.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.7	-10.0	17.5

Swiss Franc Futures:

The Swiss Franc large speculator standing this week equaled a net position of -15,248 contracts in the data reported through Tuesday. This was a weekly reduction of -4,261 contracts from the previous week which had a total of -10,987 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 54.3 percent and the small traders (not shown in chart) are Bearish with a score of 46.8 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.5	74.1	21.4
– Percent of Open Interest Shorts:	35.7	30.0	33.3
– Net Position:	-15,248	20,862	-5,614
– Gross Longs:	1,651	35,045	10,127
– Gross Shorts:	16,899	14,183	15,741
– Long to Short Ratio:	0.1 to 1	2.5 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	43.3	54.3	46.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.8	8.0	-7.7

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week equaled a net position of 14,140 contracts in the data reported through Tuesday. This was a weekly increase of 4,887 contracts from the previous week which had a total of 9,253 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.4 percent. The commercials are Bearish with a score of 42.2 percent and the small traders (not shown in chart) are Bearish with a score of 44.6 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.5	40.1	21.5
– Percent of Open Interest Shorts:	25.6	55.2	16.3
– Net Position:	14,140	-21,586	7,446
– Gross Longs:	50,881	57,576	30,817
– Gross Shorts:	36,741	79,162	23,371
– Long to Short Ratio:	1.4 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	61.4	42.2	44.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.4	-5.4	2.4

Australian Dollar Futures:

The Australian Dollar large speculator standing this week equaled a net position of -78,336 contracts in the data reported through Tuesday. This was a weekly advance of 5,744 contracts from the previous week which had a total of -84,080 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 12.2 percent. The commercials are Bullish-Extreme with a score of 84.4 percent and the small traders (not shown in chart) are Bearish with a score of 29.5 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.7	80.1	10.5
– Percent of Open Interest Shorts:	48.0	33.8	15.4
– Net Position:	-78,336	87,737	-9,401
– Gross Longs:	12,720	151,922	19,865
– Gross Shorts:	91,056	64,185	29,266
– Long to Short Ratio:	0.1 to 1	2.4 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	12.2	84.4	29.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.4	-8.0	1.6

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week equaled a net position of -14,172 contracts in the data reported through Tuesday. This was a weekly reduction of -2,621 contracts from the previous week which had a total of -11,551 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 47.5 percent. The commercials are Bullish with a score of 55.2 percent and the small traders (not shown in chart) are Bearish with a score of 29.9 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.8	72.1	5.3
– Percent of Open Interest Shorts:	48.9	40.2	9.1
– Net Position:	-14,172	16,090	-1,918
– Gross Longs:	10,485	36,326	2,665
– Gross Shorts:	24,657	20,236	4,583
– Long to Short Ratio:	0.4 to 1	1.8 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.5	55.2	29.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.8	8.4	4.3

Mexican Peso Futures:

The Mexican Peso large speculator standing this week equaled a net position of 42,378 contracts in the data reported through Tuesday. This was a weekly advance of 25,553 contracts from the previous week which had a total of 16,825 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 45.4 percent. The commercials are Bullish with a score of 53.7 percent and the small traders (not shown in chart) are Bullish with a score of 57.6 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	48.5	46.9	4.1
– Percent of Open Interest Shorts:	21.1	76.5	1.9
– Net Position:	42,378	-45,811	3,433
– Gross Longs:	74,971	72,497	6,306
– Gross Shorts:	32,593	118,308	2,873
– Long to Short Ratio:	2.3 to 1	0.6 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.4	53.7	57.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.0	-16.0	3.7

Brazilian Real Futures:

The Brazilian Real large speculator standing this week equaled a net position of 24,445 contracts in the data reported through Tuesday. This was a weekly boost of 685 contracts from the previous week which had a total of 23,760 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 74.4 percent. The commercials are Bearish with a score of 24.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 97.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	55.0	40.2	4.8
– Percent of Open Interest Shorts:	29.1	68.9	2.0
– Net Position:	24,445	-27,081	2,636
– Gross Longs:	51,990	38,039	4,541
– Gross Shorts:	27,545	65,120	1,905
– Long to Short Ratio:	1.9 to 1	0.6 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	74.4	24.7	97.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	34.7	-37.1	31.8

Russian Ruble Futures:

The Russian Ruble large speculator standing this week equaled a net position of 9,674 contracts in the data reported through Tuesday. This was a weekly reduction of -9,843 contracts from the previous week which had a total of 19,517 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 36.3 percent. The commercials are Bullish with a score of 64.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.1 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.6	51.9	3.5
– Percent of Open Interest Shorts:	5.6	88.5	5.9
– Net Position:	9,674	-9,068	-606
– Gross Longs:	11,050	12,848	855
– Gross Shorts:	1,376	21,916	1,461
– Long to Short Ratio:	8.0 to 1	0.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	36.3	64.8	18.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.7	-4.2	-39.0

Bitcoin Futures:

The Bitcoin large speculator standing this week equaled a net position of 80 contracts in the data reported through Tuesday. This was a weekly rise of 363 contracts from the previous week which had a total of -283 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 98.7 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish with a score of 22.9 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.0	3.2	12.0
– Percent of Open Interest Shorts:	79.2	8.4	7.6
– Net Position:	80	-517	437
– Gross Longs:	7,981	321	1,198
– Gross Shorts:	7,901	838	761
– Long to Short Ratio:	1.0 to 1	0.4 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	98.7	0.0	22.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.8	-39.7	-3.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

05 Mar

COT Bonds Speculators drop their 5-Year US Treasuries bets to 172-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 March 1st 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 bonds data is the surge higher in the bearish bets of the 5-Year Bond futures. The speculative bearish position in the 5-Year has increased for four straight weeks and has seen bearish bets change by at least -125,000 contracts in each of the past two weeks. The cumulative decline over the past four weeks has now amounted to a total of -353,515 contracts. This bearishness has pushed the current speculator standing to the most negative level in the past one hundred and seventy-two weeks, dating back to November of 2018. The speculator strength index score also hit a zero percent score this week, reiterating the weakness of the 5-Year speculator sentiment (the speculator strength index is the current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme). Despite the speculator weakness, the 5-Year Bond price this week rose as safe havens were bid with the Russian invasion of Ukraine and the risk-off tone of the markets.

The bond markets with higher speculator positions this week were the 2-Year Bond (9,132 contracts), Eurodollar (163,136 contracts) and the Long US Treasury Bond (10,209 contracts) while the bond markets with lower speculator positions were the 5-Year Bond (-126,803 contracts), 10-Year Bond (-80,691 contracts), Ultra 10-Year (-17,360 contracts), Fed Funds (-112,320 contracts) and the Ultra US Bond (-880 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Mar-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	11,107,908	47	-2,219,731	3	2,611,337	96	-391,606	18
FedFunds	1,860,806	63	-139,272	22	159,332	79	-20,060	12
2-Year	2,047,626	11	-110,827	60	180,391	59	-69,564	14
Long T-Bond	1,113,867	34	-4,529	92	28,819	29	-24,290	33
10-Year	3,772,058	49	-365,783	16	585,754	95	-219,971	27
5-Year	3,807,232	37	-474,039	0	706,436	100	-232,397	17

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week reached a net position of -2,219,731 contracts in the data reported through Tuesday. This was a weekly increase of 163,136 contracts from the previous week which had a total of -2,382,867 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 3.3 percent. The commercials are Bullish-Extreme with a score of 95.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.3	74.8	3.7
– Percent of Open Interest Shorts:	25.3	51.3	7.2
– Net Position:	-2,219,731	2,611,337	-391,606
– Gross Longs:	591,420	8,313,755	411,021
– Gross Shorts:	2,811,151	5,702,418	802,627
– Long to Short Ratio:	0.2 to 1	1.5 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	3.3	95.7	18.3
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.0	7.6	0.8

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week reached a net position of -139,272 contracts in the data reported through Tuesday. This was a weekly lowering of -112,320 contracts from the previous week which had a total of -26,952 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 22.4 percent. The commercials are Bullish with a score of 79.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.1 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	2.3	78.7	1.4
– Percent of Open Interest Shorts:	9.8	70.2	2.5
– Net Position:	-139,272	159,332	-20,060
– Gross Longs:	43,149	1,464,992	26,323
– Gross Shorts:	182,421	1,305,660	46,383
– Long to Short Ratio:	0.2 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	22.4	79.2	12.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.7	15.1	5.7

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week reached a net position of -110,827 contracts in the data reported through Tuesday. This was a weekly advance of 9,132 contracts from the previous week which had a total of -119,959 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 59.9 percent. The commercials are Bullish with a score of 59.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.2 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.7	78.4	7.6
– Percent of Open Interest Shorts:	17.1	69.6	11.0
– Net Position:	-110,827	180,391	-69,564
– Gross Longs:	240,027	1,605,575	155,387
– Gross Shorts:	350,854	1,425,184	224,951
– 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):	59.9	59.3	14.2
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-30.2	33.6	-1.8

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week reached a net position of -474,039 contracts in the data reported through Tuesday. This was a weekly reduction of -126,803 contracts from the previous week which had a total of -347,236 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 17.2 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.2	83.1	7.0
– Percent of Open Interest Shorts:	19.7	64.5	13.1
– Net Position:	-474,039	706,436	-232,397
– Gross Longs:	275,611	3,163,442	267,288
– Gross Shorts:	749,650	2,457,006	499,685
– 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	100.0	17.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-45.1	27.8	8.1

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week reached a net position of -365,783 contracts in the data reported through Tuesday. This was a weekly decrease of -80,691 contracts from the previous week which had a total of -285,092 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 15.7 percent. The commercials are Bullish-Extreme with a score of 95.0 percent and the small traders (not shown in chart) are Bearish with a score of 27.4 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.5	77.5	8.5
– Percent of Open Interest Shorts:	20.2	62.0	14.3
– Net Position:	-365,783	585,754	-219,971
– Gross Longs:	397,091	2,925,060	319,742
– Gross Shorts:	762,874	2,339,306	539,713
– Long to Short Ratio:	0.5 to 1	1.3 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.7	95.0	27.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.5	5.8	11.0

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week reached a net position of 6,183 contracts in the data reported through Tuesday. This was a weekly reduction of -17,360 contracts from the previous week which had a total of 23,543 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 29.4 percent. The commercials are Bullish with a score of 76.0 percent and the small traders (not shown in chart) are Bearish with a score of 43.5 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.9	74.3	9.3
– Percent of Open Interest Shorts:	14.4	65.8	18.3
– Net Position:	6,183	113,368	-119,551
– Gross Longs:	199,058	992,920	124,560
– Gross Shorts:	192,875	879,552	244,111
– Long to Short Ratio:	1.0 to 1	1.1 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.4	76.0	43.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.4	2.5	36.5

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week reached a net position of -4,529 contracts in the data reported through Tuesday. This was a weekly lift of 10,209 contracts from the previous week which had a total of -14,738 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.8 percent. The commercials are Bearish with a score of 29.3 percent and the small traders (not shown in chart) are Bearish with a score of 33.3 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.9	72.8	13.8
– Percent of Open Interest Shorts:	11.3	70.2	16.0
– Net Position:	-4,529	28,819	-24,290
– Gross Longs:	120,945	810,886	154,016
– Gross Shorts:	125,474	782,067	178,306
– Long to Short Ratio:	1.0 to 1	1.0 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.8	29.3	33.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.4	-9.9	-9.3

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week reached a net position of -335,261 contracts in the data reported through Tuesday. This was a weekly lowering of -880 contracts from the previous week which had a total of -334,381 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.4 percent. The commercials are Bullish with a score of 60.8 percent and the small traders (not shown in chart) are Bullish with a score of 55.1 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.2	80.0	12.6
– Percent of Open Interest Shorts:	32.7	56.4	9.6
– Net Position:	-335,261	297,953	37,308
– Gross Longs:	79,120	1,012,450	159,109
– Gross Shorts:	414,381	714,497	121,801
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	48.4	60.8	55.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.3	-2.0	0.7

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

05 Mar

Silver Speculator’s bullish bets climb to 15-week high as prices rise above $25

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 March 1st 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 rising speculator sentiment in the Silver futures bets. The speculative net position in the Silver futures rose this week for the third consecutive week and for the seventh time out of the past ten weeks. Silver speculator bets have now gained by a total of +25,649 contracts over these past three weeks and this week’s rise by +14,646 contracts marked the largest one-week gain in the past one hundred and fourteen weeks, dating all the way back to December of 2019. The current speculator contract standing has reached the highest level of the past fifteen weeks with a total of +44,948 contracts. The Silver price has been on the upswing with prices reaching the best levels since August and above the $25.75 per ounce level.

Joining Silver (14,646 contracts) with higher speculator bets this week were Gold (14,474 contracts) and Palladium (525 contracts) while Copper (-3,482 contracts) and Platinum (-650 contracts) saw lower speculator positions for the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Mar-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,028,476	25	368,663	14	-410,955	79	42,292	75
Gold	615,600	51	257,622	70	-285,809	30	28,187	44
Silver	157,391	23	44,948	67	-57,150	43	12,202	14
Copper	195,398	23	22,093	58	-29,380	39	7,287	67
Palladium	7,242	4	-904	16	423	79	481	73
Platinum	65,383	31	16,890	26	-24,196	74	7,306	64
Natural Gas	1,112,832	3	-126,409	41	90,088	59	36,321	71
Brent	198,920	39	-6,707	100	4,004	0	2,703	46
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	758,796	35	218,907	84	-189,233	21	-29,674	21
Corn	1,484,670	18	460,938	89	-427,812	11	-33,126	24
Coffee	252,545	24	61,906	94	-66,290	8	4,384	19
Sugar	816,211	0	84,539	54	-105,323	48	20,784	34
Wheat	372,124	19	6,443	52	303	41	-6,746	69

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week equaled a net position of 257,622 contracts in the data reported through Tuesday. This was a weekly lift of 14,474 contracts from the previous week which had a total of 243,148 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.6 percent. The commercials are Bearish with a score of 30.4 percent and the small traders (not shown in chart) are Bearish with a score of 44.2 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.5	20.7	8.2
– Percent of Open Interest Shorts:	15.7	67.1	3.6
– Net Position:	257,622	-285,809	28,187
– Gross Longs:	354,177	127,231	50,266
– Gross Shorts:	96,555	413,040	22,079
– Long to Short Ratio:	3.7 to 1	0.3 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	69.6	30.4	44.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.1	-19.7	3.8

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week equaled a net position of 44,948 contracts in the data reported through Tuesday. This was a weekly increase of 14,646 contracts from the previous week which had a total of 30,302 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 67.2 percent. The commercials are Bearish with a score of 42.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.9 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.3	32.7	16.0
– Percent of Open Interest Shorts:	16.7	69.0	8.3
– Net Position:	44,948	-57,150	12,202
– Gross Longs:	71,235	51,440	25,234
– Gross Shorts:	26,287	108,590	13,032
– Long to Short Ratio:	2.7 to 1	0.5 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.2	42.8	13.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.2	-15.3	2.1

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week equaled a net position of 22,093 contracts in the data reported through Tuesday. This was a weekly lowering of -3,482 contracts from the previous week which had a total of 25,575 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 58.3 percent. The commercials are Bearish with a score of 39.3 percent and the small traders (not shown in chart) are Bullish with a score of 67.4 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	38.7	38.5	9.7
– Percent of Open Interest Shorts:	27.3	53.5	5.9
– Net Position:	22,093	-29,380	7,287
– Gross Longs:	75,526	75,232	18,908
– Gross Shorts:	53,433	104,612	11,621
– Long to Short Ratio:	1.4 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.3	39.3	67.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.2	0.8	-5.4

Platinum Futures:

The Platinum Futures large speculator standing this week equaled a net position of 16,890 contracts in the data reported through Tuesday. This was a weekly decline of -650 contracts from the previous week which had a total of 17,540 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 26.2 percent. The commercials are Bullish with a score of 74.4 percent and the small traders (not shown in chart) are Bullish with a score of 64.0 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	51.9	29.6	14.7
– Percent of Open Interest Shorts:	26.0	66.6	3.6
– Net Position:	16,890	-24,196	7,306
– Gross Longs:	33,902	19,330	9,637
– Gross Shorts:	17,012	43,526	2,331
– Long to Short Ratio:	2.0 to 1	0.4 to 1	4.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	26.2	74.4	64.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.1	-16.2	22.7

Palladium Futures:

The Palladium Futures large speculator standing this week equaled a net position of -904 contracts in the data reported through Tuesday. This was a weekly boost of 525 contracts from the previous week which had a total of -1,429 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.4 percent. The commercials are Bullish with a score of 78.9 percent and the small traders (not shown in chart) are Bullish with a score of 73.0 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.3	44.8	20.5
– Percent of Open Interest Shorts:	45.8	39.0	13.9
– Net Position:	-904	423	481
– Gross Longs:	2,412	3,248	1,488
– Gross Shorts:	3,316	2,825	1,007
– Long to Short Ratio:	0.7 to 1	1.1 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.4	78.9	73.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.8	-17.1	34.2

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

05 Mar

WTI Crude Oil Speculator bets see largest 1-week rise since 2020 on Russia Invasion

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 March 1st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT energy data is this week’s jump in the WTI Crude Oil futures bets. The speculative net position in the WTI Crude Oil futures rose this week for the first time in the past six weeks and had the largest one-week gain of the past sixty-six weeks, dating back to November 24th of 2020. The WTI Crude contract had been seeing a weakness in speculator positions despite the ramping up of the Russia-Ukraine situation as spec positions had fallen for six straight weeks before this week’s turnaround. Crude oil prices have surged on the Russian invasion of Ukraine with oil closing this week right below the $116 per barrel level which marks the highest price close since 2008.

Joining WTI Crude Oil (29,622 contracts) in gaining this week were Brent Crude Oil (19,648 contracts) and Natural Gas (4,220 contracts) while Heating Oil (-9,228 contracts), Gasoline (-1,144 contracts) and the Bloomberg Commodity Index (-709 contracts) saw falling contracts.

Data Snapshot of Commodity Market Traders | Columns Legend

Mar-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,028,476	25	368,663	14	-410,955	79	42,292	75
Gold	615,600	51	257,622	70	-285,809	30	28,187	44
Silver	157,391	23	44,948	67	-57,150	43	12,202	14
Copper	195,398	23	22,093	58	-29,380	39	7,287	67
Palladium	7,242	4	-904	16	423	79	481	73
Platinum	65,383	31	16,890	26	-24,196	74	7,306	64
Natural Gas	1,112,832	3	-126,409	41	90,088	59	36,321	71
Brent	198,920	39	-6,707	100	4,004	0	2,703	46
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	758,796	35	218,907	84	-189,233	21	-29,674	21
Corn	1,484,670	18	460,938	89	-427,812	11	-33,126	24
Coffee	252,545	24	61,906	94	-66,290	8	4,384	19
Sugar	816,211	0	84,539	54	-105,323	48	20,784	34
Wheat	372,124	19	6,443	52	303	41	-6,746	69

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week was a net position of 368,663 contracts in the data reported through Tuesday. This was a weekly boost of 29,622 contracts from the previous week which had a total of 339,041 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 14.0 percent. The commercials are Bullish with a score of 79.1 percent and the small traders (not shown in chart) are Bullish with a score of 74.6 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.9	36.0	4.9
– Percent of Open Interest Shorts:	4.8	56.2	2.8
– Net Position:	368,663	-410,955	42,292
– Gross Longs:	465,365	729,585	99,568
– Gross Shorts:	96,702	1,140,540	57,276
– Long to Short Ratio:	4.8 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	14.0	79.1	74.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.7	6.4	1.4

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week was a net position of -6,707 contracts in the data reported through Tuesday. This was a weekly rise of 19,648 contracts from the previous week which had a total of -26,355 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish with a score of 45.8 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.1	40.9	4.2
– Percent of Open Interest Shorts:	26.5	38.9	2.9
– Net Position:	-6,707	4,004	2,703
– Gross Longs:	45,940	81,376	8,390
– Gross Shorts:	52,647	77,372	5,687
– Long to Short Ratio:	0.9 to 1	1.1 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	45.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.7	-21.9	-4.0

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week was a net position of -126,409 contracts in the data reported through Tuesday. This was a weekly rise of 4,220 contracts from the previous week which had a total of -130,629 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 40.6 percent. The commercials are Bullish with a score of 59.3 percent and the small traders (not shown in chart) are Bullish with a score of 70.9 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.1	43.6	5.3
– Percent of Open Interest Shorts:	33.4	35.5	2.1
– Net Position:	-126,409	90,088	36,321
– Gross Longs:	245,502	484,644	59,416
– Gross Shorts:	371,911	394,556	23,095
– 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):	40.6	59.3	70.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.5	1.2	11.2

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week was a net position of 62,443 contracts in the data reported through Tuesday. This was a weekly lowering of -1,144 contracts from the previous week which had a total of 63,587 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.6 percent. The commercials are Bullish with a score of 64.5 percent and the small traders (not shown in chart) are Bullish with a score of 71.4 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	50.4	6.3
– Percent of Open Interest Shorts:	9.6	70.4	3.6
– Net Position:	62,443	-72,465	10,022
– Gross Longs:	97,185	182,352	22,896
– Gross Shorts:	34,742	254,817	12,874
– Long to Short Ratio:	2.8 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	33.6	64.5	71.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	-5.2	21.2

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week was a net position of 6,455 contracts in the data reported through Tuesday. This was a weekly reduction of -9,228 contracts from the previous week which had a total of 15,683 net contracts.

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 was a net position of -12,876 contracts in the data reported through Tuesday. This was a weekly lowering of -709 contracts from the previous week which had a total of -12,167 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 with a score of 58.2 percent. The commercials are Bearish with a score of 36.9 percent and the small traders (not shown in chart) are Bullish with a score of 73.8 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	63.4	29.1	3.9
– Percent of Open Interest Shorts:	94.6	1.6	0.2
– Net Position:	-12,876	11,345	1,531
– Gross Longs:	26,144	12,001	1,605
– Gross Shorts:	39,020	656	74
– Long to Short Ratio:	0.7 to 1	18.3 to 1	21.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.2	36.9	73.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.0	-16.8	34.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

05 Mar

COT Soft Commodities Speculators push their Corn bullish bets to 42-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 March 1st 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 continued gains in the Corn futures bets. The speculative net position in the Corn futures rose this week for a second consecutive week and for the fourth time in six weeks. Corn speculator bets have risen by a total of +46,446 contracts over these past two weeks and pushed the current net speculator standing to the highest level in the last forty-two weeks, dating back to May 11th of 2021 when the net position totaled +500,856 contracts. The Russian invasion of Ukraine has boosted already rising soft commodities markets with Corn, Soybeans and Wheat seeing especially sharp gains in the past two weeks.

The soft commodities that saw higher bets this week were Corn (9,196 contracts), Sugar (9,293 contracts), Soybean Oil (1,859 contracts), Soybean Meal (1,083 contracts), Cotton (1,526 contracts) and Wheat (10,345 contracts).

The soft commodities that saw lower bets this week were Cocoa (-16,484 contracts), Lean Hogs (-5,199 contracts), Coffee (-5,885 contracts), Soybeans (-7,557 contracts) and Live Cattle (-23,204 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Mar-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,028,476	25	368,663	14	-410,955	79	42,292	75
Gold	615,600	51	257,622	70	-285,809	30	28,187	44
Silver	157,391	23	44,948	67	-57,150	43	12,202	14
Copper	195,398	23	22,093	58	-29,380	39	7,287	67
Palladium	7,242	4	-904	16	423	79	481	73
Platinum	65,383	31	16,890	26	-24,196	74	7,306	64
Natural Gas	1,112,832	3	-126,409	41	90,088	59	36,321	71
Brent	198,920	39	-6,707	100	4,004	0	2,703	46
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	758,796	35	218,907	84	-189,233	21	-29,674	21
Corn	1,484,670	18	460,938	89	-427,812	11	-33,126	24
Coffee	252,545	24	61,906	94	-66,290	8	4,384	19
Sugar	816,211	0	84,539	54	-105,323	48	20,784	34
Wheat	372,124	19	6,443	52	303	41	-6,746	69

CORN Futures:

The CORN large speculator standing this week reached a net position of 460,938 contracts in the data reported through Tuesday. This was a weekly increase of 9,196 contracts from the previous week which had a total of 451,742 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 88.9 percent. The commercials are Bearish-Extreme with a score of 11.0 percent and the small traders (not shown in chart) are Bearish with a score of 23.9 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.8	44.0	9.2
– Percent of Open Interest Shorts:	4.8	72.8	11.4
– Net Position:	460,938	-427,812	-33,126
– Gross Longs:	531,633	652,937	136,120
– Gross Shorts:	70,695	1,080,749	169,246
– Long to Short Ratio:	7.5 to 1	0.6 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	88.9	11.0	23.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.3	-12.1	7.1

SUGAR Futures:

The SUGAR large speculator standing this week reached a net position of 84,539 contracts in the data reported through Tuesday. This was a weekly lift of 9,293 contracts from the previous week which had a total of 75,246 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 54.0 percent. The commercials are Bearish with a score of 48.2 percent and the small traders (not shown in chart) are Bearish with a score of 33.6 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.2	54.4	9.7
– Percent of Open Interest Shorts:	11.8	67.3	7.2
– Net Position:	84,539	-105,323	20,784
– Gross Longs:	180,931	443,667	79,458
– Gross Shorts:	96,392	548,990	58,674
– Long to Short Ratio:	1.9 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.0	48.2	33.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.9	4.1	8.5

COFFEE Futures:

The COFFEE large speculator standing this week reached a net position of 61,906 contracts in the data reported through Tuesday. This was a weekly reduction of -5,885 contracts from the previous week which had a total of 67,791 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 93.6 percent. The commercials are Bearish-Extreme with a score of 7.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.7 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	44.3	4.2
– Percent of Open Interest Shorts:	4.5	70.5	2.5
– Net Position:	61,906	-66,290	4,384
– Gross Longs:	73,322	111,809	10,704
– Gross Shorts:	11,416	178,099	6,320
– Long to Short Ratio:	6.4 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	93.6	7.9	18.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.4	0.5	8.5

SOYBEANS Futures:

The SOYBEANS large speculator standing this week reached a net position of 218,907 contracts in the data reported through Tuesday. This was a weekly lowering of -7,557 contracts from the previous week which had a total of 226,464 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 84.4 percent. The commercials are Bearish with a score of 21.3 percent and the small traders (not shown in chart) are Bearish with a score of 20.9 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.9	43.3	6.7
– Percent of Open Interest Shorts:	6.1	68.3	10.6
– Net Position:	218,907	-189,233	-29,674
– Gross Longs:	264,899	328,781	50,659
– Gross Shorts:	45,992	518,014	80,333
– Long to Short Ratio:	5.8 to 1	0.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.4	21.3	20.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.4	-22.8	10.4

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week reached a net position of 84,952 contracts in the data reported through Tuesday. This was a weekly increase of 1,859 contracts from the previous week which had a total of 83,093 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.7 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 70.5 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.4	46.7	9.3
– Percent of Open Interest Shorts:	6.9	73.3	5.2
– Net Position:	84,952	-100,238	15,286
– Gross Longs:	110,869	175,682	34,986
– Gross Shorts:	25,917	275,920	19,700
– Long to Short Ratio:	4.3 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	69.7	29.7	70.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.0	-20.1	25.0

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week reached a net position of 113,183 contracts in the data reported through Tuesday. This was a weekly rise of 1,083 contracts from the previous week which had a total of 112,100 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 95.1 percent. The commercials are Bearish-Extreme with a score of 3.7 percent and the small traders (not shown in chart) are Bullish with a score of 71.9 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.2	44.0	11.4
– Percent of Open Interest Shorts:	3.7	78.9	5.0
– Net Position:	113,183	-138,449	25,266
– Gross Longs:	127,976	175,029	45,168
– Gross Shorts:	14,793	313,478	19,902
– Long to Short Ratio:	8.7 to 1	0.6 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	95.1	3.7	71.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.9	-17.2	-7.3

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week reached a net position of 59,039 contracts in the data reported through Tuesday. This was a weekly reduction of -23,204 contracts from the previous week which had a total of 82,243 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 28.6 percent. The commercials are Bullish with a score of 65.8 percent and the small traders (not shown in chart) are Bullish with a score of 67.9 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.3	38.5	9.5
– Percent of Open Interest Shorts:	15.8	52.8	11.7
– Net Position:	59,039	-51,142	-7,897
– Gross Longs:	115,502	137,310	33,952
– Gross Shorts:	56,463	188,452	41,849
– Long to Short Ratio:	2.0 to 1	0.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	28.6	65.8	67.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.0	5.7	-5.9

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week reached a net position of 61,239 contracts in the data reported through Tuesday. This was a weekly decrease of -5,199 contracts from the previous week which had a total of 66,438 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 73.5 percent. The commercials are Bearish with a score of 29.6 percent and the small traders (not shown in chart) are Bearish with a score of 41.8 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.2	32.4	8.6
– Percent of Open Interest Shorts:	15.1	51.4	11.8
– Net Position:	61,239	-52,397	-8,842
– Gross Longs:	102,930	89,767	23,714
– Gross Shorts:	41,691	142,164	32,556
– Long to Short Ratio:	2.5 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	73.5	29.6	41.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.1	-21.6	28.2

COTTON Futures:

The COTTON large speculator standing this week reached a net position of 91,828 contracts in the data reported through Tuesday. This was a weekly rise of 1,526 contracts from the previous week which had a total of 90,302 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 81.2 percent. The commercials are Bearish-Extreme with a score of 17.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 82.3 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.2	38.4	8.0
– Percent of Open Interest Shorts:	4.7	81.4	3.4
– Net Position:	91,828	-102,842	11,014
– Gross Longs:	103,148	91,726	19,051
– Gross Shorts:	11,320	194,568	8,037
– Long to Short Ratio:	9.1 to 1	0.5 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	81.2	17.8	82.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.1	3.2	-13.2

COCOA Futures:

The COCOA large speculator standing this week reached a net position of 25,431 contracts in the data reported through Tuesday. This was a weekly fall of -16,484 contracts from the previous week which had a total of 41,915 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.5 percent. The commercials are Bearish with a score of 47.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.6	45.5	7.2
– Percent of Open Interest Shorts:	19.5	59.5	3.2
– Net Position:	25,431	-35,441	10,010
– Gross Longs:	74,581	114,758	18,047
– Gross Shorts:	49,150	150,199	8,037
– Long to Short Ratio:	1.5 to 1	0.8 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	46.5	47.2	100.0
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.5	-4.1	68.8

WHEAT Futures:

The WHEAT large speculator standing this week reached a net position of 6,443 contracts in the data reported through Tuesday. This was a weekly advance of 10,345 contracts from the previous week which had a total of -3,902 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 52.5 percent. The commercials are Bearish with a score of 41.1 percent and the small traders (not shown in chart) are Bullish with a score of 69.4 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.2	42.2	8.4
– Percent of Open Interest Shorts:	26.5	42.1	10.2
– Net Position:	6,443	303	-6,746
– Gross Longs:	104,934	157,102	31,257
– Gross Shorts:	98,491	156,799	38,003
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.5	41.1	69.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.4	-4.7	15.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

26 Feb

COT Forex Speculators pushed their Euro Currency bullish bets to 32-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 February 22nd 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 in bullish bets in the Euro currency futures contracts. Euro speculators raised their bullish bets for a third straight week this week and for the ninth time in the past ten weeks. Over this ten-week time-frame, Euro bets have gained by a total of +71,185 contracts, going from -10,162 net positions on December 12th to a total of +59,306 net positions through this Tuesday the 22nd of February (please note that this is a couple days before the Russian invasion of Ukraine). Overall, the current Euro standing is at the most bullish level of the past thirty-two weeks, dating back to July 13th when the net position was at +59,713 contracts.

Joining the Euro (11,725 contracts) with positive speculator changes this week were the yen (2,975 contracts), Brazil real (685 contracts), US Dollar Index (698 contracts), Australian dollar (2,614 contracts), Russian ruble (3,353 contracts) and the Mexican peso (7,851 contracts).

The currencies with declining bets were the Swiss franc (-1,272 contracts), British pound sterling (-8,046 contracts), New Zealand dollar (-2,218 contracts), Canadian dollar (-2,917 contracts) and Bitcoin (-68 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Feb-22-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	54,922	78	36,084	88	-41,368	6	5,284	74
EUR	696,682	82	59,306	53	-98,050	48	38,744	39
GBP	188,443	31	-5,809	70	10,070	36	-4,261	47
JPY	194,169	51	-63,187	28	82,480	77	-19,293	8
CHF	47,339	24	-10,987	51	19,110	52	-8,123	39
CAD	140,305	24	9,253	57	-14,143	47	4,890	40
AUD	192,579	77	-84,080	7	96,072	91	-11,992	23
NZD	56,636	56	-11,551	52	13,908	52	-2,357	25
MXN	171,299	36	16,825	35	-21,038	64	4,213	61
RUB	38,673	34	19,517	60	-20,053	40	536	49
BRL	94,577	100	24,445	100	-27,081	0	2,636	97
Bitcoin	11,007	59	-283	91	-256	0	539	25

US Dollar Index Futures:

The US Dollar Index large speculator standing this week came in at a net position of 36,084 contracts in the data reported through Tuesday. This was a weekly lift of 698 contracts from the previous week which had a total of 35,386 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 88.0 percent. The commercials are Bearish-Extreme with a score of 5.9 percent and the small traders (not shown in chart) are Bullish with a score of 74.3 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	79.6	5.0	12.7
– Percent of Open Interest Shorts:	13.9	80.3	3.1
– Net Position:	36,084	-41,368	5,284
– Gross Longs:	43,726	2,742	6,969
– Gross Shorts:	7,642	44,110	1,685
– Long to Short Ratio:	5.7 to 1	0.1 to 1	4.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	88.0	5.9	74.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.1	4.6	-10.6

Euro Currency Futures:

The Euro Currency large speculator standing this week came in at a net position of 59,306 contracts in the data reported through Tuesday. This was a weekly rise of 11,725 contracts from the previous week which had a total of 47,581 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 with a score of 53.2 percent. The commercials are Bearish with a score of 48.0 percent and the small traders (not shown in chart) are Bearish with a score of 38.6 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.7	54.5	12.8
– Percent of Open Interest Shorts:	22.2	68.6	7.3
– Net Position:	59,306	-98,050	38,744
– Gross Longs:	214,195	379,583	89,334
– Gross Shorts:	154,889	477,633	50,590
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.2	48.0	38.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.4	-18.3	18.8

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week came in at a net position of -5,809 contracts in the data reported through Tuesday. This was a weekly lowering of -8,046 contracts from the previous week which had a total of 2,237 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.8 percent. The commercials are Bearish with a score of 35.6 percent and the small traders (not shown in chart) are Bearish with a score of 46.8 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.4	61.8	12.8
– Percent of Open Interest Shorts:	25.5	56.4	15.1
– Net Position:	-5,809	10,070	-4,261
– Gross Longs:	42,249	116,372	24,154
– Gross Shorts:	48,058	106,302	28,415
– Long to Short Ratio:	0.9 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	69.8	35.6	46.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.8	-16.5	9.5

Japanese Yen Futures:

The Japanese Yen large speculator standing this week came in at a net position of -63,187 contracts in the data reported through Tuesday. This was a weekly rise of 2,975 contracts from the previous week which had a total of -66,162 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 28.1 percent. The commercials are Bullish with a score of 77.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.1 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.7	83.5	9.2
– Percent of Open Interest Shorts:	38.2	41.0	19.1
– Net Position:	-63,187	82,480	-19,293
– Gross Longs:	10,976	162,044	17,881
– Gross Shorts:	74,163	79,564	37,174
– Long to Short Ratio:	0.1 to 1	2.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	28.1	77.2	8.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.4	-12.8	3.4

Swiss Franc Futures:

The Swiss Franc large speculator standing this week came in at a net position of -10,987 contracts in the data reported through Tuesday. This was a weekly decline of -1,272 contracts from the previous week which had a total of -9,715 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 50.8 percent. The commercials are Bullish with a score of 52.3 percent and the small traders (not shown in chart) are Bearish with a score of 39.4 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.0	71.2	20.5
– Percent of Open Interest Shorts:	31.2	30.9	37.6
– Net Position:	-10,987	19,110	-8,123
– Gross Longs:	3,785	33,718	9,691
– Gross Shorts:	14,772	14,608	17,814
– Long to Short Ratio:	0.3 to 1	2.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.8	52.3	39.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.8	4.0	-0.5

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week came in at a net position of 9,253 contracts in the data reported through Tuesday. This was a weekly lowering of -2,917 contracts from the previous week which had a total of 12,170 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 56.6 percent. The commercials are Bearish with a score of 47.3 percent and the small traders (not shown in chart) are Bearish with a score of 39.5 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.0	41.6	21.6
– Percent of Open Interest Shorts:	27.4	51.7	18.1
– Net Position:	9,253	-14,143	4,890
– Gross Longs:	47,661	58,345	30,327
– Gross Shorts:	38,408	72,488	25,437
– Long to Short Ratio:	1.2 to 1	0.8 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.6	47.3	39.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.1	-11.2	-1.0

Australian Dollar Futures:

The Australian Dollar large speculator standing this week came in at a net position of -84,080 contracts in the data reported through Tuesday. This was a weekly lift of 2,614 contracts from the previous week which had a total of -86,694 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 6.9 percent. The commercials are Bullish-Extreme with a score of 90.6 percent and the small traders (not shown in chart) are Bearish with a score of 23.2 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.0	81.7	9.6
– Percent of Open Interest Shorts:	49.7	31.9	15.8
– Net Position:	-84,080	96,072	-11,992
– Gross Longs:	11,553	157,416	18,459
– Gross Shorts:	95,633	61,344	30,451
– Long to Short Ratio:	0.1 to 1	2.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	6.9	90.6	23.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.9	-5.6	0.3

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week came in at a net position of -11,551 contracts in the data reported through Tuesday. This was a weekly reduction of -2,218 contracts from the previous week which had a total of -9,333 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 Bullish with a score of 51.8 percent and the small traders (not shown in chart) are Bearish with a score of 24.8 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.6	62.6	4.6
– Percent of Open Interest Shorts:	51.0	38.1	8.8
– Net Position:	-11,551	13,908	-2,357
– Gross Longs:	17,343	35,481	2,608
– Gross Shorts:	28,894	21,573	4,965
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.9	51.8	24.8
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.9	5.6	-7.5

Mexican Peso Futures:

The Mexican Peso large speculator standing this week came in at a net position of 16,825 contracts in the data reported through Tuesday. This was a weekly lift of 7,851 contracts from the previous week which had a total of 8,974 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.5 percent. The commercials are Bullish with a score of 64.0 percent and the small traders (not shown in chart) are Bullish with a score of 60.9 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.5	53.0	4.1
– Percent of Open Interest Shorts:	32.7	65.3	1.7
– Net Position:	16,825	-21,038	4,213
– Gross Longs:	72,846	90,784	7,091
– Gross Shorts:	56,021	111,822	2,878
– Long to Short Ratio:	1.3 to 1	0.8 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	34.5	64.0	60.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.1	-9.3	4.2

Brazilian Real Futures:

The Brazilian Real large speculator standing this week came in at a net position of 24,445 contracts in the data reported through Tuesday. This was a weekly lift of 685 contracts from the previous week which had a total of 23,760 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 97.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	55.0	40.2	4.8
– Percent of Open Interest Shorts:	29.1	68.9	2.0
– Net Position:	24,445	-27,081	2,636
– Gross Longs:	51,990	38,039	4,541
– Gross Shorts:	27,545	65,120	1,905
– Long to Short Ratio:	1.9 to 1	0.6 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	97.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	46.6	-49.2	31.8

Russian Ruble Futures:

The Russian Ruble large speculator standing this week came in at a net position of 19,517 contracts in the data reported through Tuesday. This was a weekly lift of 3,353 contracts from the previous week which had a total of 16,164 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 59.6 percent. The commercials are Bearish with a score of 39.6 percent and the small traders (not shown in chart) are Bearish with a score of 49.1 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	58.5	35.9	5.6
– Percent of Open Interest Shorts:	8.0	87.8	4.2
– Net Position:	19,517	-20,053	536
– Gross Longs:	22,625	13,895	2,152
– Gross Shorts:	3,108	33,948	1,616
– Long to Short Ratio:	7.3 to 1	0.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.6	39.6	49.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.4	-20.6	-25.0

Bitcoin Futures:

The Bitcoin large speculator standing this week came in at a net position of -283 contracts in the data reported through Tuesday. This was a weekly lowering of -68 contracts from the previous week which had a total of -215 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 90.7 percent. The commercials are Bearish-Extreme with a score of 19.3 percent and the small traders (not shown in chart) are Bearish with a score of 25.2 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.2	2.9	12.2
– Percent of Open Interest Shorts:	79.8	5.3	7.3
– Net Position:	-283	-256	539
– Gross Longs:	8,501	322	1,338
– Gross Shorts:	8,784	578	799
– Long to Short Ratio:	1.0 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	90.7	19.3	25.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.1	-6.1	-0.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

26 Feb

COT Bonds Speculators raised their 10-Year Treasuries bearish bets to 6-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 February 22nd and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT bonds data was the large increase in bearish bets for the 10-Year Bonds. The speculative bearish position in the 10-Year jumped this week by -111,029 contracts and marked the largest one-week rise in bearish positions since November 2nd, a span of sixteen weeks. This decline in sentiment has pushed the overall 10-Year spec positioning to the most bearish level of the past six weeks. Most of the bonds markets we cover saw an increase in their bearish bets this week as the Federal Reserve central bank is widely expected to raise their benchmark interest rate in March.

Joining the 10-Year (-111,029 contracts) with speculator weakness this week were the Eurodollar (-89,630 contracts), 2-Year Bond (-4,201 contracts), Fed Funds (-49,473 contracts), 5-Year Bond (-155,821 contracts) and the Ultra US Bond (-4,242 contracts). The Ultra 10-Year (9,672 contracts) and Long US Bond (10,107 contracts) saw small improvement in their speculator contracts this week.

Data Snapshot of Bond Market Traders | Columns Legend

Feb-22-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	11,350,313	52	-2,382,867	0	2,830,166	100	-447,299	6
FedFunds	2,062,168	76	-26,952	36	41,655	65	-14,703	25
2-Year	2,163,983	15	-119,959	58	218,056	68	-98,097	1
Long T-Bond	1,223,515	53	-14,738	88	43,269	34	-28,531	30
10-Year	4,083,463	70	-285,092	28	543,178	90	-258,086	19
5-Year	4,295,789	63	-347,236	19	483,375	77	-136,139	44

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week was a net position of -2,382,867 contracts in the data reported through Tuesday. This was a weekly lowering of -89,630 contracts from the previous week which had a total of -2,293,237 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 6.0 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.7	74.1	4.6
– Percent of Open Interest Shorts:	25.7	49.1	8.5
– Net Position:	-2,382,867	2,830,166	-447,299
– Gross Longs:	536,990	8,405,647	522,154
– Gross Shorts:	2,919,857	5,575,481	969,453
– Long to Short Ratio:	0.2 to 1	1.5 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	6.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.2	12.9	-13.5

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week was a net position of -26,952 contracts in the data reported through Tuesday. This was a weekly decline of -49,473 contracts from the previous week which had a total of 22,521 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 36.3 percent. The commercials are Bullish with a score of 64.9 percent and the small traders (not shown in chart) are Bearish with a score of 25.2 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.8	75.1	2.5
– Percent of Open Interest Shorts:	9.1	73.1	3.2
– Net Position:	-26,952	41,655	-14,703
– Gross Longs:	161,357	1,549,551	50,750
– Gross Shorts:	188,309	1,507,896	65,453
– Long to Short Ratio:	0.9 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	36.3	64.9	25.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.0	-3.4	-29.9

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week was a net position of -119,959 contracts in the data reported through Tuesday. This was a weekly reduction of -4,201 contracts from the previous week which had a total of -115,758 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 Bullish with a score of 58.0 percent. The commercials are Bullish with a score of 67.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 1.5 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.1	76.5	7.0
– Percent of Open Interest Shorts:	17.6	66.4	11.5
– Net Position:	-119,959	218,056	-98,097
– Gross Longs:	261,710	1,655,912	150,668
– Gross Shorts:	381,669	1,437,856	248,765
– Long to Short Ratio:	0.7 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.0	67.5	1.5
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-34.7	44.2	-13.4

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week was a net position of -347,236 contracts in the data reported through Tuesday. This was a weekly decrease of -155,821 contracts from the previous week which had a total of -191,415 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 19.3 percent. The commercials are Bullish with a score of 76.9 percent and the small traders (not shown in chart) are Bearish with a score of 43.6 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.3	78.2	9.5
– Percent of Open Interest Shorts:	15.4	67.0	12.7
– Net Position:	-347,236	483,375	-136,139
– Gross Longs:	314,612	3,360,252	409,662
– Gross Shorts:	661,848	2,876,877	545,801
– Long to Short Ratio:	0.5 to 1	1.2 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	19.3	76.9	43.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.7	-10.0	34.1

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week was a net position of -285,092 contracts in the data reported through Tuesday. This was a weekly decrease of -111,029 contracts from the previous week which had a total of -174,063 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 with a score of 28.1 percent. The commercials are Bullish-Extreme with a score of 89.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.6 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.6	74.3	9.4
– Percent of Open Interest Shorts:	17.6	61.0	15.8
– Net Position:	-285,092	543,178	-258,086
– Gross Longs:	432,764	3,034,786	385,175
– Gross Shorts:	717,856	2,491,608	643,261
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	28.1	89.8	18.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.1	-7.3	0.2

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week was a net position of 23,543 contracts in the data reported through Tuesday. This was a weekly boost of 9,672 contracts from the previous week which had a total of 13,871 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.0 percent. The commercials are Bullish with a score of 75.9 percent and the small traders (not shown in chart) are Bearish with a score of 33.3 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.5	71.3	9.6
– Percent of Open Interest Shorts:	13.9	63.6	18.9
– Net Position:	23,543	112,921	-136,464
– Gross Longs:	226,775	1,045,206	140,723
– Gross Shorts:	203,232	932,285	277,187
– Long to Short Ratio:	1.1 to 1	1.1 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	34.0	75.9	33.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.7	5.8	29.9

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week was a net position of -14,738 contracts in the data reported through Tuesday. This was a weekly lift of 10,107 contracts from the previous week which had a total of -24,845 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 88.1 percent. The commercials are Bearish with a score of 33.9 percent and the small traders (not shown in chart) are Bearish with a score of 29.9 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.6	72.9	14.2
– Percent of Open Interest Shorts:	11.9	69.4	16.6
– Net Position:	-14,738	43,269	-28,531
– Gross Longs:	130,266	891,876	174,017
– Gross Shorts:	145,004	848,607	202,548
– Long to Short Ratio:	0.9 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	88.1	33.9	29.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.1	-8.4	-19.0

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week was a net position of -334,381 contracts in the data reported through Tuesday. This was a weekly lowering of -4,242 contracts from the previous week which had a total of -330,139 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.8 percent. The commercials are Bullish with a score of 60.7 percent and the small traders (not shown in chart) are Bullish with a score of 54.6 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.0	79.7	11.9
– Percent of Open Interest Shorts:	30.8	57.6	9.2
– Net Position:	-334,381	297,783	36,598
– Gross Longs:	80,638	1,072,855	159,934
– Gross Shorts:	415,019	775,072	123,336
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	48.8	60.7	54.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.1	1.4	15.8

Article By InvestMacro – Receive our weekly COT Reports by Email

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