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Archive for CountingPips Forex Blog – Page 14

COT Metals Speculators sharply boosted Gold bets for 3rd week to 14-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 metals data is the sharp jump in the Gold futures bets. The speculative net position in the Gold futures has gained strongly for three consecutive weeks and by a total of +71,006 contracts over that time-frame. This week’s rise by +29,535 contracts marked the largest one-week gain of the past fifteen weeks and has brought the overall Gold speculator standing to the highest standing of the past fourteen weeks, dating back to November 16th. The Gold spot price rose sharply as well this week with a spike on Thursday (on the Russian invasion of Ukraine) that brought the spot price to the $1,976 price level before settling lower back below $1,900 as the week ended.

Joining Gold (29,535 contracts) with rising speculator positions this week were Silver (6,746 contracts) and Platinum (7,408 contracts) while Copper (-5,117 contracts) and Palladium (-429 contracts) saw lower speculator bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-22-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,058,132	29	339,041	2	-382,891	90	43,850	77
Gold	611,488	49	243,148	65	-269,722	35	26,574	40
Silver	163,745	29	30,302	53	-43,720	56	13,418	21
Copper	204,123	29	25,575	61	-34,754	36	9,179	78
Palladium	7,903	7	-1,429	13	1,118	83	311	63
Platinum	62,274	26	17,540	27	-22,887	76	5,347	37
Natural Gas	1,107,113	2	-130,629	39	95,974	61	34,655	67
Brent	215,908	52	-26,355	73	24,478	31	1,877	35
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	826,824	51	226,464	86	-196,755	20	-29,709	21
Corn	1,563,758	32	451,742	88	-410,962	13	-40,780	20
Coffee	252,688	24	67,791	98	-72,509	3	4,718	21
Sugar	857,376	8	75,246	52	-95,306	50	20,060	33
Wheat	379,308	23	-3,902	44	10,629	51	-6,727	69

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week came in at a net position of 243,148 contracts in the data reported through Tuesday. This was a weekly boost of 29,535 contracts from the previous week which had a total of 213,613 net contracts.

This 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 65.1 percent. The commercials are Bearish with a score of 35.3 percent and the small traders (not shown in chart) are Bearish with a score of 39.6 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.3	21.2	8.0
– Percent of Open Interest Shorts:	17.5	65.3	3.7
– Net Position:	243,148	-269,722	26,574
– Gross Longs:	350,096	129,682	49,090
– Gross Shorts:	106,948	399,404	22,516
– Long to Short Ratio:	3.3 to 1	0.3 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.1	35.3	39.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.7	-13.6	3.5

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week came in at a net position of 30,302 contracts in the data reported through Tuesday. This was a weekly boost of 6,746 contracts from the previous week which had a total of 23,556 net contracts.

This 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 52.6 percent. The commercials are Bullish with a score of 56.0 percent and the small traders (not shown in chart) are Bearish with a score of 21.0 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.9	34.0	16.2
– Percent of Open Interest Shorts:	17.4	60.7	8.0
– Net Position:	30,302	-43,720	13,418
– Gross Longs:	58,830	55,747	26,556
– Gross Shorts:	28,528	99,467	13,138
– Long to Short Ratio:	2.1 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.6	56.0	21.0
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.7	-6.2	21.0

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week came in at a net position of 25,575 contracts in the data reported through Tuesday. This was a weekly decrease of -5,117 contracts from the previous week which had a total of 30,692 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 60.8 percent. The commercials are Bearish with a score of 35.6 percent and the small traders (not shown in chart) are Bullish with a score of 78.4 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.7	37.9	10.1
– Percent of Open Interest Shorts:	27.1	54.9	5.6
– Net Position:	25,575	-34,754	9,179
– Gross Longs:	80,940	77,398	20,535
– Gross Shorts:	55,365	112,152	11,356
– Long to Short Ratio:	1.5 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.8	35.6	78.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.4	-8.4	19.3

Platinum Futures:

The Platinum Futures large speculator standing this week came in at a net position of 17,540 contracts in the data reported through Tuesday. This was a weekly gain of 7,408 contracts from the previous week which had a total of 10,132 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.1 percent. The commercials are Bullish with a score of 76.3 percent and the small traders (not shown in chart) are Bearish with a score of 36.6 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	52.1	30.6	13.6
– Percent of Open Interest Shorts:	24.0	67.4	5.1
– Net Position:	17,540	-22,887	5,347
– Gross Longs:	32,462	19,079	8,495
– Gross Shorts:	14,922	41,966	3,148
– Long to Short Ratio:	2.2 to 1	0.5 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	27.1	76.3	36.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.8	-17.1	-4.4

Palladium Futures:

The Palladium Futures large speculator standing this week came in at a net position of -1,429 contracts in the data reported through Tuesday. This was a weekly decrease of -429 contracts from the previous week which had a total of -1,000 net contracts.

This 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 13.4 percent. The commercials are Bullish-Extreme with a score of 83.0 percent and the small traders (not shown in chart) are Bullish with a score of 63.0 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.7	50.0	18.3
– Percent of Open Interest Shorts:	43.8	35.9	14.3
– Net Position:	-1,429	1,118	311
– Gross Longs:	2,030	3,953	1,444
– Gross Shorts:	3,459	2,835	1,133
– Long to Short Ratio:	0.6 to 1	1.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	13.4	83.0	63.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.9	-12.3	36.8

Article By InvestMacro – Receive our weekly COT Reports by Email

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

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

26 Feb

COT Energy Speculators drop WTI Crude Oil bets for 5th week despite Oil Price jump

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 energy data is the continued decline in the WTI Crude Oil futures bets. The speculative net position in the WTI Crude Oil futures has decreased for five consecutive weeks and in thirteen out of the past fifteen weeks. The spec crude position has dropped by a total of -82,271 contracts over the past fifteen weeks and speculators have now pushed their current net positioning to the lowest level of the past seven weeks. These declines in speculator sentiment has brought the current speculator strength score level into a bearish-extreme standing of just 2.4 percent where the strength score measures the current speculator standing compared to past three years where above 80 is bullish-extreme and below 20 is bearish-extreme. Despite the speculator weakness, crude oil prices have shot up on the Russian invasion of Ukraine with WTI crude touching slightly above $100 per barrel late this week.

Joining WTI Crude Oil (-9,052 contracts) with falling speculator bets this week were Brent Crude Oil (-30 contracts) and Heating Oil (-9,228 contracts) while Natural Gas (795 contracts), Gasoline (991 contracts) and the Bloomberg Commodity Index (4,874 contracts) saw higher speculator positions on the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-22-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,058,132	29	339,041	2	-382,891	90	43,850	77
Gold	611,488	49	243,148	65	-269,722	35	26,574	40
Silver	163,745	29	30,302	53	-43,720	56	13,418	21
Copper	204,123	29	25,575	61	-34,754	36	9,179	78
Palladium	7,903	7	-1,429	13	1,118	83	311	63
Platinum	62,274	26	17,540	27	-22,887	76	5,347	37
Natural Gas	1,107,113	2	-130,629	39	95,974	61	34,655	67
Brent	215,908	52	-26,355	73	24,478	31	1,877	35
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	826,824	51	226,464	86	-196,755	20	-29,709	21
Corn	1,563,758	32	451,742	88	-410,962	13	-40,780	20
Coffee	252,688	24	67,791	98	-72,509	3	4,718	21
Sugar	857,376	8	75,246	52	-95,306	50	20,060	33
Wheat	379,308	23	-3,902	44	10,629	51	-6,727	69

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week came in at a net position of 339,041 contracts in the data reported through Tuesday. This was a weekly lowering of -9,052 contracts from the previous week which had a total of 348,093 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 Bearish-Extreme with a score of 2.4 percent. The commercials are Bullish-Extreme with a score of 89.9 percent and the small traders (not shown in chart) are Bullish with a score of 76.8 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.5	36.1	4.9
– Percent of Open Interest Shorts:	5.0	54.7	2.8
– Net Position:	339,041	-382,891	43,850
– Gross Longs:	442,102	743,113	100,987
– Gross Shorts:	103,061	1,126,004	57,137
– Long to Short Ratio:	4.3 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.4	89.9	76.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.4	5.6	10.5

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week came in at a net position of -26,355 contracts in the data reported through Tuesday. This was a weekly reduction of -30 contracts from the previous week which had a total of -26,325 net contracts.

This 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 72.5 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 34.6 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.3	46.9	4.2
– Percent of Open Interest Shorts:	29.5	35.6	3.4
– Net Position:	-26,355	24,478	1,877
– Gross Longs:	37,283	101,361	9,173
– Gross Shorts:	63,638	76,883	7,296
– Long to Short Ratio:	0.6 to 1	1.3 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	72.5	30.6	34.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.6	19.9	-23.2

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week came in at a net position of -130,629 contracts in the data reported through Tuesday. This was a weekly boost of 795 contracts from the previous week which had a total of -131,424 net contracts.

This 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 39.4 percent. The commercials are Bullish with a score of 61.1 percent and the small traders (not shown in chart) are Bullish with a score of 66.7 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.9	43.8	5.4
– Percent of Open Interest Shorts:	33.6	35.1	2.3
– Net Position:	-130,629	95,974	34,655
– Gross Longs:	241,913	484,856	60,026
– Gross Shorts:	372,542	388,882	25,371
– Long to Short Ratio:	0.6 to 1	1.2 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.4	61.1	66.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.4	0.3	18.3

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week came in at a net position of 63,587 contracts in the data reported through Tuesday. This was a weekly gain of 991 contracts from the previous week which had a total of 62,596 net contracts.

This 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 34.8 percent. The commercials are Bullish with a score of 62.3 percent and the small traders (not shown in chart) are Bullish with a score of 78.0 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.3	50.1	6.1
– Percent of Open Interest Shorts:	11.0	69.3	3.3
– Net Position:	63,587	-74,709	11,122
– Gross Longs:	106,356	194,978	23,947
– Gross Shorts:	42,769	269,687	12,825
– Long to Short Ratio:	2.5 to 1	0.7 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	34.8	62.3	78.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.2	-9.2	30.3

#2 Heating Oil NY-Harbor Futures:

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

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

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

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week came in at a net position of -12,167 contracts in the data reported through Tuesday. This was a weekly lift of 4,874 contracts from the previous week which had a total of -17,041 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 Bullish with a score of 60.9 percent. The commercials are Bearish with a score of 37.4 percent and the small traders (not shown in chart) are Bearish with a score of 44.3 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	65.4	29.1	1.9
– Percent of Open Interest Shorts:	94.6	1.5	0.2
– Net Position:	-12,167	11,468	699
– Gross Longs:	27,191	12,091	770
– Gross Shorts:	39,358	623	71
– Long to Short Ratio:	0.7 to 1	19.4 to 1	10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.9	37.4	44.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	36.1	-36.8	5.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

26 Feb

COT Soft Commodities Speculators pushed their Corn bullish bets higher this week

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 soft commodities data is this week’s jump in Corn futures bets. The speculative net position in the Corn futures rose sharply this week following two weeks of decline. The Corn speculator position, despite falling in the previous two weeks, have now actually gained by a total of +63,604 contracts over the past five weeks. The boost has pushed speculator positions to the highest bullish position of the past three weeks and second highest of the past eight weeks. Corn prices, meanwhile, surged upwards this week and touched the highest level since May of last year.

The soft commodities that saw higher speculator bets this week were Corn (37,250 contracts), Sugar (683 contracts), Soybeans (9,732 contracts), Soybean Oil (15,773 contracts), Soybean Meal (2,556 contracts) and Wheat (1,944 contracts).

The soft commodities that saw lower speculator bets this week were Coffee (-2,634 contracts), Cocoa (-7,301 contracts), Live Cattle (-1,324 contracts), Cotton (-3,421 contracts) and Lean Hogs (-894 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-22-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,058,132	29	339,041	2	-382,891	90	43,850	77
Gold	611,488	49	243,148	65	-269,722	35	26,574	40
Silver	163,745	29	30,302	53	-43,720	56	13,418	21
Copper	204,123	29	25,575	61	-34,754	36	9,179	78
Palladium	7,903	7	-1,429	13	1,118	83	311	63
Platinum	62,274	26	17,540	27	-22,887	76	5,347	37
Natural Gas	1,107,113	2	-130,629	39	95,974	61	34,655	67
Brent	215,908	52	-26,355	73	24,478	31	1,877	35
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	826,824	51	226,464	86	-196,755	20	-29,709	21
Corn	1,563,758	32	451,742	88	-410,962	13	-40,780	20
Coffee	252,688	24	67,791	98	-72,509	3	4,718	21
Sugar	857,376	8	75,246	52	-95,306	50	20,060	33
Wheat	379,308	23	-3,902	44	10,629	51	-6,727	69

CORN Futures:

The CORN large speculator standing this week was a net position of 451,742 contracts in the data reported through Tuesday. This was a weekly lift of 37,250 contracts from the previous week which had a total of 414,492 net contracts.

This 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 87.7 percent. The commercials are Bearish-Extreme with a score of 13.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.6 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.3	43.5	9.2
– Percent of Open Interest Shorts:	5.4	69.8	11.8
– Net Position:	451,742	-410,962	-40,780
– Gross Longs:	536,898	680,211	144,247
– Gross Shorts:	85,156	1,091,173	185,027
– Long to Short Ratio:	6.3 to 1	0.6 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	87.7	13.4	19.6
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.7	-6.3	-0.1

SUGAR Futures:

The SUGAR large speculator standing this week was a net position of 75,246 contracts in the data reported through Tuesday. This was a weekly boost of 683 contracts from the previous week which had a total of 74,563 net contracts.

This 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 52.1 percent. The commercials are Bullish with a score of 50.1 percent and the small traders (not shown in chart) are Bearish with a score of 32.7 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.3	56.0	9.2
– Percent of Open Interest Shorts:	12.6	67.1	6.9
– Net Position:	75,246	-95,306	20,060
– Gross Longs:	183,029	480,097	79,212
– Gross Shorts:	107,783	575,403	59,152
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.1	50.1	32.7
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.8	7.4	10.5

COFFEE Futures:

The COFFEE large speculator standing this week was a net position of 67,791 contracts in the data reported through Tuesday. This was a weekly decrease of -2,634 contracts from the previous week which had a total of 70,425 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 97.8 percent. The commercials are Bearish-Extreme with a score of 3.0 percent and the small traders (not shown in chart) are Bearish with a score of 21.0 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.7	41.8	4.3
– Percent of Open Interest Shorts:	3.9	70.5	2.5
– Net Position:	67,791	-72,509	4,718
– Gross Longs:	77,625	105,619	10,958
– Gross Shorts:	9,834	178,128	6,240
– Long to Short Ratio:	7.9 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	97.8	3.0	21.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.5	-7.0	9.0

SOYBEANS Futures:

The SOYBEANS large speculator standing this week was a net position of 226,464 contracts in the data reported through Tuesday. This was a weekly rise of 9,732 contracts from the previous week which had a total of 216,732 net contracts.

This 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 86.3 percent. The commercials are Bearish-Extreme with a score of 19.5 percent and the small traders (not shown in chart) are Bearish with a score of 20.8 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.1	42.9	6.9
– Percent of Open Interest Shorts:	5.8	66.7	10.5
– Net Position:	226,464	-196,755	-29,709
– Gross Longs:	274,012	354,837	57,443
– Gross Shorts:	47,548	551,592	87,152
– Long to Short Ratio:	5.8 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.3	19.5	20.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.8	-21.6	6.2

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week was a net position of 83,093 contracts in the data reported through Tuesday. This was a weekly rise of 15,773 contracts from the previous week which had a total of 67,320 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.7 percent. The commercials are Bearish with a score of 31.1 percent and the small traders (not shown in chart) are Bullish with a score of 66.4 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.8	44.7	9.3
– Percent of Open Interest Shorts:	7.6	68.4	5.9
– Net Position:	83,093	-97,272	14,179
– Gross Longs:	114,335	183,547	38,221
– Gross Shorts:	31,242	280,819	24,042
– Long to Short Ratio:	3.7 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.7	31.1	66.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.9	-19.1	18.5

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week was a net position of 112,100 contracts in the data reported through Tuesday. This was a weekly lift of 2,556 contracts from the previous week which had a total of 109,544 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.4 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 76.4 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.5	41.9	11.4
– Percent of Open Interest Shorts:	4.0	73.4	5.4
– Net Position:	112,100	-138,497	26,397
– Gross Longs:	129,919	184,652	49,974
– Gross Shorts:	17,819	323,149	23,577
– Long to Short Ratio:	7.3 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.4	3.7	76.4
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.7	-8.8	3.0

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week was a net position of 82,243 contracts in the data reported through Tuesday. This was a weekly reduction of -1,324 contracts from the previous week which had a total of 83,567 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.3 percent. The commercials are Bullish with a score of 52.5 percent and the small traders (not shown in chart) are Bullish with a score of 50.6 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.4	36.4	9.0
– Percent of Open Interest Shorts:	13.7	55.1	13.2
– Net Position:	82,243	-67,284	-14,959
– Gross Longs:	131,540	131,571	32,596
– Gross Shorts:	49,297	198,855	47,555
– Long to Short Ratio:	2.7 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.3	52.5	50.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.7	-8.2	-25.5

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week was a net position of 66,438 contracts in the data reported through Tuesday. This was a weekly lowering of -894 contracts from the previous week which had a total of 67,332 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 79.1 percent. The commercials are Bearish with a score of 25.1 percent and the small traders (not shown in chart) are Bearish with a score of 33.4 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.3	32.5	8.2
– Percent of Open Interest Shorts:	15.8	52.2	12.0
– Net Position:	66,438	-55,639	-10,799
– Gross Longs:	111,021	91,697	23,034
– Gross Shorts:	44,583	147,336	33,833
– 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):	79.1	25.1	33.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.2	-22.2	21.1

COTTON Futures:

The COTTON large speculator standing this week was a net position of 90,302 contracts in the data reported through Tuesday. This was a weekly decrease of -3,421 contracts from the previous week which had a total of 93,723 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 80.2 percent. The commercials are Bearish-Extreme with a score of 18.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.9 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.4	38.3	8.2
– Percent of Open Interest Shorts:	5.3	81.2	3.4
– Net Position:	90,302	-101,731	11,429
– Gross Longs:	102,764	90,576	19,371
– Gross Shorts:	12,462	192,307	7,942
– Long to Short Ratio:	8.2 to 1	0.5 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.2	18.5	84.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.2	2.8	-7.6

COCOA Futures:

The COCOA large speculator standing this week was a net position of 41,915 contracts in the data reported through Tuesday. This was a weekly decrease of -7,301 contracts from the previous week which had a total of 49,216 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.6 percent. The commercials are Bearish with a score of 35.9 percent and the small traders (not shown in chart) are Bullish with a score of 78.5 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.7	42.7	5.5
– Percent of Open Interest Shorts:	16.4	61.4	3.1
– Net Position:	41,915	-48,066	6,151
– Gross Longs:	83,987	109,435	14,151
– Gross Shorts:	42,072	157,501	8,000
– Long to Short Ratio:	2.0 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	61.6	35.9	78.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.6	-26.5	30.1

WHEAT Futures:

The WHEAT large speculator standing this week was a net position of -3,902 contracts in the data reported through Tuesday. This was a weekly rise of 1,944 contracts from the previous week which had a total of -5,846 net contracts.

This 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 43.7 percent. The commercials are Bullish with a score of 51.2 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:	25.8	40.8	8.9
– Percent of Open Interest Shorts:	26.8	38.0	10.7
– Net Position:	-3,902	10,629	-6,727
– Gross Longs:	97,675	154,648	33,795
– Gross Shorts:	101,577	144,019	40,522
– Long to Short Ratio:	1.0 to 1	1.1 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	43.7	51.2	69.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.1	-1.4	18.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

19 Feb

COT Currency Speculators raise their Euro Futures bullish bets to 26-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 15th 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 gains in the Euro currency futures contracts. Euro speculators boosted their bullish bets for a second straight week this week and for the eighth time out of the past nine weeks. Over this nine-week time-frame, Euro bets have jumped by a total of +59,460 contracts, going from -10,162 net positions on December 21st to +47,581 net positions this week. These gains in the Euro sentiment have now brought the speculator positioning to the highest level in the past twenty-six weeks, dating back to August 17th.

Joining the Euro (8,739 contracts) with positive changes this week were the US Dollar Index (1,621 contracts), Brazil real (3,514 contracts), Mexican peso (7,730 contracts), British pound sterling (10,782 contracts), New Zealand dollar (1,033 contracts), Russian ruble (721 contracts) and the Bitcoin futures (104 contracts).

The currencies with declining bets were the Japanese yen (-7,014 contracts), Canadian dollar (-2,716 contracts), Australian dollar (-953 contracts) and the Swiss franc (-316 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Feb-15-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	54,283	77	35,386	87	-41,548	6	6,162	84
EUR	702,047	84	47,581	50	-85,057	52	37,476	36
GBP	195,302	36	2,237	76	2,874	31	-5,111	45
JPY	199,425	55	-66,162	26	86,256	79	-20,094	6
CHF	45,522	22	-9,715	53	18,888	52	-9,173	36
CAD	144,815	27	12,170	59	-15,116	47	2,946	36
AUD	192,578	77	-86,694	4	97,684	92	-10,990	26
NZD	64,105	71	-9,333	56	12,020	49	-2,687	21
MXN	151,098	26	8,974	31	-12,054	68	3,080	56
RUB	38,960	35	16,164	52	-17,239	46	1,075	64
BRL	67,288	85	23,760	100	-26,225	0	2,465	95
Bitcoin	10,646	56	-215	92	-213	0	428	23

US Dollar Index Futures:

The US Dollar Index large speculator standing this week was a net position of 35,386 contracts in the data reported through Tuesday. This was a weekly rise of 1,621 contracts from the previous week which had a total of 33,765 net contracts.

This 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 86.8 percent. The commercials are Bearish-Extreme with a score of 5.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.9 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	78.0	5.0	14.5
– Percent of Open Interest Shorts:	12.8	81.5	3.2
– Net Position:	35,386	-41,548	6,162
– Gross Longs:	42,349	2,717	7,897
– Gross Shorts:	6,963	44,265	1,735
– Long to Short Ratio:	6.1 to 1	0.1 to 1	4.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.8	5.6	83.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.4	5.3	5.7

Euro Currency Futures:

The Euro Currency large speculator standing this week was a net position of 47,581 contracts in the data reported through Tuesday. This was a weekly boost of 8,739 contracts from the previous week which had a total of 38,842 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.6 percent. The commercials are Bullish with a score of 51.7 percent and the small traders (not shown in chart) are Bearish with a score of 36.5 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.0	54.7	12.7
– Percent of Open Interest Shorts:	24.3	66.8	7.4
– Net Position:	47,581	-85,057	37,476
– Gross Longs:	217,899	383,827	89,120
– Gross Shorts:	170,318	468,884	51,644
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.6	51.7	36.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.1	-16.6	15.7

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week was a net position of 2,237 contracts in the data reported through Tuesday. This was a weekly boost of 10,782 contracts from the previous week which had a total of -8,545 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.6 percent. The commercials are Bearish with a score of 31.4 percent and the small traders (not shown in chart) are Bearish with a score of 45.1 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.7	58.8	12.4
– Percent of Open Interest Shorts:	24.5	57.4	15.0
– Net Position:	2,237	2,874	-5,111
– Gross Longs:	50,151	114,901	24,257
– Gross Shorts:	47,914	112,027	29,368
– Long to Short Ratio:	1.0 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.6	31.4	45.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	29.8	-27.6	10.8

Japanese Yen Futures:

The Japanese Yen large speculator standing this week was a net position of -66,162 contracts in the data reported through Tuesday. This was a weekly lowering of -7,014 contracts from the previous week which had a total of -59,148 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 Bearish with a score of 26.2 percent. The commercials are Bullish with a score of 79.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.3 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.2	83.6	9.5
– Percent of Open Interest Shorts:	38.4	40.3	19.6
– Net Position:	-66,162	86,256	-20,094
– Gross Longs:	10,425	166,645	18,973
– Gross Shorts:	76,587	80,389	39,067
– Long to Short Ratio:	0.1 to 1	2.1 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	26.2	79.0	6.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.5	0.7	5.2

Swiss Franc Futures:

The Swiss Franc large speculator standing this week was a net position of -9,715 contracts in the data reported through Tuesday. This was a weekly fall of -316 contracts from the previous week which had a total of -9,399 net contracts.

This 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 53.0 percent. The commercials are Bullish with a score of 52.1 percent and the small traders (not shown in chart) are Bearish with a score of 36.4 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.0	72.6	19.0
– Percent of Open Interest Shorts:	29.4	31.2	39.2
– Net Position:	-9,715	18,888	-9,173
– Gross Longs:	3,652	33,069	8,654
– Gross Shorts:	13,367	14,181	17,827
– 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):	53.0	52.1	36.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.3	4.8	-11.9

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week was a net position of 12,170 contracts in the data reported through Tuesday. This was a weekly lowering of -2,716 contracts from the previous week which had a total of 14,886 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.5 percent. The commercials are Bearish with a score of 46.6 percent and the small traders (not shown in chart) are Bearish with a score of 35.7 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.6	40.4	19.5
– Percent of Open Interest Shorts:	29.2	50.9	17.5
– Net Position:	12,170	-15,116	2,946
– Gross Longs:	54,424	58,524	28,287
– Gross Shorts:	42,254	73,640	25,341
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.5	46.6	35.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.5	-16.4	0.9

Australian Dollar Futures:

The Australian Dollar large speculator standing this week was a net position of -86,694 contracts in the data reported through Tuesday. This was a weekly reduction of -953 contracts from the previous week which had a total of -85,741 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 4.4 percent. The commercials are Bullish-Extreme with a score of 91.8 percent and the small traders (not shown in chart) are Bearish with a score of 25.6 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.1	81.0	10.2
– Percent of Open Interest Shorts:	51.1	30.2	15.9
– Net Position:	-86,694	97,684	-10,990
– Gross Longs:	11,692	155,928	19,706
– Gross Shorts:	98,386	58,244	30,696
– Long to Short Ratio:	0.1 to 1	2.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	4.4	91.8	25.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.5	-2.3	1.1

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week was a net position of -9,333 contracts in the data reported through Tuesday. This was a weekly increase of 1,033 contracts from the previous week which had a total of -10,366 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.6 percent. The commercials are Bearish with a score of 48.9 percent and the small traders (not shown in chart) are Bearish with a score of 21.1 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	38.9	55.3	4.4
– Percent of Open Interest Shorts:	53.4	36.5	8.6
– Net Position:	-9,333	12,020	-2,687
– Gross Longs:	24,923	35,432	2,838
– Gross Shorts:	34,256	23,412	5,525
– Long to Short Ratio:	0.7 to 1	1.5 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.6	48.9	21.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.8	2.6	-13.7

Mexican Peso Futures:

The Mexican Peso large speculator standing this week was a net position of 8,974 contracts in the data reported through Tuesday. This was a weekly rise of 7,730 contracts from the previous week which had a total of 1,244 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.2 percent. The commercials are Bullish with a score of 67.8 percent and the small traders (not shown in chart) are Bullish with a score of 56.1 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.4	56.0	4.1
– Percent of Open Interest Shorts:	33.4	64.0	2.1
– Net Position:	8,974	-12,054	3,080
– Gross Longs:	59,485	84,673	6,250
– Gross Shorts:	50,511	96,727	3,170
– Long to Short Ratio:	1.2 to 1	0.9 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	31.2	67.8	56.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.9	-8.0	3.0

Brazilian Real Futures:

The Brazilian Real large speculator standing this week was a net position of 23,760 contracts in the data reported through Tuesday. This was a weekly rise of 3,514 contracts from the previous week which had a total of 20,246 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-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 95.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.1	16.5	6.1
– Percent of Open Interest Shorts:	41.8	55.5	2.4
– Net Position:	23,760	-26,225	2,465
– Gross Longs:	51,868	11,101	4,095
– Gross Shorts:	28,108	37,326	1,630
– Long to Short Ratio:	1.8 to 1	0.3 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	95.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	33.1	-36.1	31.8

Russian Ruble Futures:

The Russian Ruble large speculator standing this week was a net position of 16,164 contracts in the data reported through Tuesday. This was a weekly lift of 721 contracts from the previous week which had a total of 15,443 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 51.6 percent. The commercials are Bearish with a score of 46.0 percent and the small traders (not shown in chart) are Bullish with a score of 63.8 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	50.8	42.2	6.9
– Percent of Open Interest Shorts:	9.4	86.4	4.2
– Net Position:	16,164	-17,239	1,075
– Gross Longs:	19,808	16,440	2,700
– Gross Shorts:	3,644	33,679	1,625
– Long to Short Ratio:	5.4 to 1	0.5 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.6	46.0	63.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.9	-19.2	-12.7

Bitcoin Futures:

The Bitcoin large speculator standing this week was a net position of -215 contracts in the data reported through Tuesday. This was a weekly advance of 104 contracts from the previous week which had a total of -319 net contracts.

This 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 92.2 percent. The commercials are Bearish with a score of 22.8 percent and the small traders (not shown in chart) are Bearish with a score of 22.7 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	78.0	3.5	12.8
– Percent of Open Interest Shorts:	80.0	5.5	8.8
– Net Position:	-215	-213	428
– Gross Longs:	8,307	369	1,364
– Gross Shorts:	8,522	582	936
– Long to Short Ratio:	1.0 to 1	0.6 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	92.2	22.8	22.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.5	-9.8	-6.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

19 Feb

Bonds Speculators push their surging bearish bets in Eurodollars to 166-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 15th 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 continued rise in the Eurodollar bearish bets. The speculative position in the Eurodollar futures has been dropping sharply with higher bearish bets since flipping over from bullish to bearish in May of 2021. The Eurodollar futures are the largest futures market with open interest normally over 10 million contracts each week and are used to make a bet on short-term interest rates (3-month Libor). A decline in Eurodollar futures shows an increase in (deposit) interest rates while an increase in Eurodollar futures shows the opposite. In times of stress (Great Financial Crisis, Covid Crisis), Eurodollar futures have surged higher and in times of normalization, Eurodollar futures usually trend downward. The speculators Eurodollar positioning has been on a downtrend and is currently at the most bearish level of the past one hundred and sixty-six weeks, dating back to December 11th of 2018.

Joining the Eurodollar (-256,945 contracts) in falling this week were the 2-Year Bond (-104,328 contracts), Ultra 10-Year (-30,140 contracts), Fed Funds (-6,129 contracts), 5-Year Bond (-59,036 contracts) and the Ultra US Bond (-14,287 contracts) while increasing bets for the week were seen in the 10-Year Bond (27,847 contracts) and the Long US Bond (8,180 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Feb-15-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	10,998,807	45	-2,293,237	0	2,731,451	100	-438,214	8
FedFunds	1,999,560	72	22,521	42	-3,214	59	-19,307	14
2-Year	2,207,292	17	-115,758	59	184,249	60	-68,491	15
Long T-Bond	1,239,190	56	-24,845	84	42,910	34	-18,065	38
10-Year	4,123,745	73	-174,063	45	436,449	77	-262,386	18
5-Year	4,084,291	52	-191,415	48	418,890	69	-227,475	19

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week recorded a net position of -2,293,237 contracts in the data reported through Tuesday. This was a weekly decline of -256,945 contracts from the previous week which had a total of -2,036,292 net contracts.

This 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 8.0 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.6	75.3	3.9
– Percent of Open Interest Shorts:	25.5	50.5	7.9
– Net Position:	-2,293,237	2,731,451	-438,214
– Gross Longs:	510,859	8,287,260	430,172
– Gross Shorts:	2,804,096	5,555,809	868,386
– 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	8.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.0	10.7	-11.9

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week recorded a net position of 22,521 contracts in the data reported through Tuesday. This was a weekly decline of -6,129 contracts from the previous week which had a total of 28,650 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.4 percent. The commercials are Bullish with a score of 59.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.9 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.7	75.2	1.5
– Percent of Open Interest Shorts:	8.6	75.3	2.4
– Net Position:	22,521	-3,214	-19,307
– Gross Longs:	193,542	1,503,220	29,243
– Gross Shorts:	171,021	1,506,434	48,550
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.4	59.5	13.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.3	-12.5	-12.6

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week recorded a net position of -115,758 contracts in the data reported through Tuesday. This was a weekly lowering of -104,328 contracts from the previous week which had a total of -11,430 net contracts.

This 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 58.9 percent. The commercials are Bullish with a score of 60.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.6 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.1	77.7	6.4
– Percent of Open Interest Shorts:	18.4	69.4	9.6
– Net Position:	-115,758	184,249	-68,491
– Gross Longs:	289,318	1,715,204	142,310
– Gross Shorts:	405,076	1,530,955	210,801
– 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):	58.9	60.1	14.6
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-31.9	34.4	0.2

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week recorded a net position of -191,415 contracts in the data reported through Tuesday. This was a weekly reduction of -59,036 contracts from the previous week which had a total of -132,379 net contracts.

This 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 47.7 percent. The commercials are Bullish with a score of 68.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.6 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.7	79.5	6.6
– Percent of Open Interest Shorts:	15.4	69.2	12.1
– Net Position:	-191,415	418,890	-227,475
– Gross Longs:	436,662	3,244,990	267,923
– Gross Shorts:	628,077	2,826,100	495,398
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.7	68.5	18.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	38.6	-31.5	8.6

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week recorded a net position of -174,063 contracts in the data reported through Tuesday. This was a weekly boost of 27,847 contracts from the previous week which had a total of -201,910 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 45.3 percent. The commercials are Bullish with a score of 76.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.6 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.8	73.7	7.6
– Percent of Open Interest Shorts:	18.0	63.1	14.0
– Net Position:	-174,063	436,449	-262,386
– Gross Longs:	569,973	3,038,412	314,742
– Gross Shorts:	744,036	2,601,963	577,128
– Long to Short Ratio:	0.8 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.3	76.6	17.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.9	-9.8	-5.4

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week recorded a net position of 13,871 contracts in the data reported through Tuesday. This was a weekly reduction of -30,140 contracts from the previous week which had a total of 44,011 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.4 percent. The commercials are Bullish-Extreme with a score of 80.9 percent and the small traders (not shown in chart) are Bearish with a score of 28.4 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.8	73.5	8.4
– Percent of Open Interest Shorts:	13.9	64.5	18.4
– Net Position:	13,871	130,856	-144,727
– Gross Longs:	215,580	1,067,199	122,654
– Gross Shorts:	201,709	936,343	267,381
– 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):	31.4	80.9	28.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.8	19.4	8.0

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week recorded a net position of -24,845 contracts in the data reported through Tuesday. This was a weekly rise of 8,180 contracts from the previous week which had a total of -33,025 net contracts.

This 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 84.5 percent. The commercials are Bearish with a score of 33.8 percent and the small traders (not shown in chart) are Bearish with a score of 38.2 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.7	72.9	13.7
– Percent of Open Interest Shorts:	12.7	69.4	15.1
– Net Position:	-24,845	42,910	-18,065
– Gross Longs:	133,138	902,892	169,162
– Gross Shorts:	157,983	859,982	187,227
– Long to Short Ratio:	0.8 to 1	1.0 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.5	33.8	38.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.9	5.0	-32.0

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week recorded a net position of -330,139 contracts in the data reported through Tuesday. This was a weekly decrease of -14,287 contracts from the previous week which had a total of -315,852 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.5 percent. The commercials are Bullish with a score of 61.1 percent and the small traders (not shown in chart) are Bullish with a score of 50.9 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.5	81.1	11.9
– Percent of Open Interest Shorts:	30.6	58.4	9.5
– Net Position:	-330,139	298,631	31,508
– Gross Longs:	72,504	1,065,871	156,998
– Gross Shorts:	402,643	767,240	125,490
– 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):	50.5	61.1	50.9
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.5	14.6	7.7

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

19 Feb

COT Metals Speculators boosted their Copper bullish bets to 15-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 15th 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 gains in the Copper futures bets. The speculative net position in the Copper futures rose this week by the largest one-week amount of the past seventeen weeks. Copper speculator positions have risen now for two straight weeks and in four out of the past five weeks as well. Spec bullish bets had previously fallen to an eighty-one week low for Copper on December 21st but have rebounded since then with gains in six out of the next eight weeks. This positive sentiment has helped push the speculator positioning to this week to the highest bullish level of the past fifteen weeks.

Joining Copper (11,837 contracts) with rising positions this week were Gold (26,907 contracts), Silver (4,257 contracts) and Palladium (230 contracts) while Platinum (-1,627 contracts) saw lower speculator net contracts for the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-15-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,122,758	39	348,093	8	-392,000	80	43,907	77
Gold	558,645	35	213,613	56	-238,875	45	25,262	36
Silver	156,968	23	23,556	46	-36,348	63	12,792	17
Copper	210,089	34	30,692	64	-39,421	32	8,729	76
Palladium	8,358	9	-1,000	15	903	83	97	50
Platinum	59,897	22	10,132	16	-16,020	86	5,888	44
Natural Gas	1,098,101	0	-131,424	39	99,903	62	31,521	59
Brent	214,404	51	-26,325	73	22,279	27	4,046	64
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	856,917	58	216,732	84	-186,438	22	-30,294	20
Corn	1,607,591	39	414,492	83	-374,969	19	-39,523	20
Coffee	254,992	25	70,425	100	-75,230	1	4,805	22
Sugar	871,213	11	74,563	52	-90,388	51	15,825	27
Wheat	402,232	35	-5,846	42	10,013	51	-4,167	82

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week recorded a net position of 213,613 contracts in the data reported through Tuesday. This was a weekly advance of 26,907 contracts from the previous week which had a total of 186,706 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.7 percent. The commercials are Bearish with a score of 44.7 percent and the small traders (not shown in chart) are Bearish with a score of 35.9 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	56.1	22.7	8.4
– Percent of Open Interest Shorts:	17.8	65.5	3.8
– Net Position:	213,613	-238,875	25,262
– Gross Longs:	313,269	126,837	46,689
– Gross Shorts:	99,656	365,712	21,427
– Long to Short Ratio:	3.1 to 1	0.3 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.7	44.7	35.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.7	-0.4	-2.4

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week recorded a net position of 23,556 contracts in the data reported through Tuesday. This was a weekly rise of 4,257 contracts from the previous week which had a total of 19,299 net contracts.

This 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 45.8 percent. The commercials are Bullish with a score of 63.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.4 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.3	35.9	16.0
– Percent of Open Interest Shorts:	21.2	59.1	7.8
– Net Position:	23,556	-36,348	12,792
– Gross Longs:	56,911	56,394	25,107
– Gross Shorts:	33,355	92,742	12,315
– Long to Short Ratio:	1.7 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.8	63.2	17.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.3	7.5	-1.5

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week recorded a net position of 30,692 contracts in the data reported through Tuesday. This was a weekly lift of 11,837 contracts from the previous week which had a total of 18,855 net contracts.

This 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 64.5 percent. The commercials are Bearish with a score of 32.4 percent and the small traders (not shown in chart) are Bullish with a score of 75.8 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.2	38.6	9.6
– Percent of Open Interest Shorts:	25.6	57.3	5.5
– Net Position:	30,692	-39,421	8,729
– Gross Longs:	84,415	81,004	20,249
– Gross Shorts:	53,723	120,425	11,520
– 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):	64.5	32.4	75.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.9	-10.0	21.1

Platinum Futures:

The Platinum Futures large speculator standing this week recorded a net position of 10,132 contracts in the data reported through Tuesday. This was a weekly fall of -1,627 contracts from the previous week which had a total of 11,759 net contracts.

This 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 16.3 percent. The commercials are Bullish-Extreme with a score of 86.1 percent and the small traders (not shown in chart) are Bearish with a score of 44.1 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	47.1	35.4	14.5
– Percent of Open Interest Shorts:	30.2	62.1	4.6
– Net Position:	10,132	-16,020	5,888
– Gross Longs:	28,217	21,179	8,661
– Gross Shorts:	18,085	37,199	2,773
– Long to Short Ratio:	1.6 to 1	0.6 to 1	3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.3	86.1	44.1
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.9	-5.5	6.5

Palladium Futures:

The Palladium Futures large speculator standing this week recorded a net position of -1,000 contracts in the data reported through Tuesday. This was a weekly boost of 230 contracts from the previous week which had a total of -1,230 net contracts.

This 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 15.4 percent. The commercials are Bullish-Extreme with a score of 82.6 percent and the small traders (not shown in chart) are Bullish with a score of 50.4 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.0	48.1	17.1
– Percent of Open Interest Shorts:	36.9	37.3	16.0
– Net Position:	-1,000	903	97
– Gross Longs:	2,086	4,018	1,432
– Gross Shorts:	3,086	3,115	1,335
– Long to Short Ratio:	0.7 to 1	1.3 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.4	82.6	50.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.2	-13.2	14.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

19 Feb

COT Energy Speculators push Natural Gas 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 15th 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 large decline in this week’s Natural Gas futures bets. The speculative net position in the Natural Gas futures dropped this week by -16,335 contracts which marks the largest one-week amount since September. Speculators had been reducing their bearish bets in previous weeks with decreases in bearish bets in five out of the previous six weeks before this week’s rise in bearish bets. Overall, the Natural Gas speculator positions are now at the most bearish standing of the past six weeks.

Joining Natural Gas (-16,335 contracts) in falling this week were Brent Crude Oil (-2 contracts), WTI Crude Oil (-15,290 contracts), Heating Oil (-9,228 contracts), Gasoline (-156 contracts) and the Bloomberg Commodity Index (-4,573 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-15-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,122,758	39	348,093	8	-392,000	80	43,907	77
Gold	558,645	35	213,613	56	-238,875	45	25,262	36
Silver	156,968	23	23,556	46	-36,348	63	12,792	17
Copper	210,089	34	30,692	64	-39,421	32	8,729	76
Palladium	8,358	9	-1,000	15	903	83	97	50
Platinum	59,897	22	10,132	16	-16,020	86	5,888	44
Natural Gas	1,098,101	0	-131,424	39	99,903	62	31,521	59
Brent	214,404	51	-26,325	73	22,279	27	4,046	64
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	856,917	58	216,732	84	-186,438	22	-30,294	20
Corn	1,607,591	39	414,492	83	-374,969	19	-39,523	20
Coffee	254,992	25	70,425	100	-75,230	1	4,805	22
Sugar	871,213	11	74,563	52	-90,388	51	15,825	27
Wheat	402,232	35	-5,846	42	10,013	51	-4,167	82

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week recorded a net position of 348,093 contracts in the data reported through Tuesday. This was a weekly decline of -15,290 contracts from the previous week which had a total of 363,383 net contracts.

This 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 7.8 percent. The commercials are Bullish with a score of 79.9 percent and the small traders (not shown in chart) are Bullish with a score of 76.9 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.6	36.1	4.8
– Percent of Open Interest Shorts:	5.2	54.6	2.8
– Net Position:	348,093	-392,000	43,907
– Gross Longs:	458,819	767,338	102,736
– Gross Shorts:	110,726	1,159,338	58,829
– Long to Short Ratio:	4.1 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	7.8	79.9	76.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.8	-8.1	9.6

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week recorded a net position of -26,325 contracts in the data reported through Tuesday. This was a weekly reduction of -2 contracts from the previous week which had a total of -26,323 net contracts.

This 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 72.6 percent. The commercials are Bearish with a score of 26.7 percent and the small traders (not shown in chart) are Bullish with a score of 63.9 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.6	47.7	4.7
– Percent of Open Interest Shorts:	29.9	37.3	2.8
– Net Position:	-26,325	22,279	4,046
– Gross Longs:	37,767	102,255	10,006
– Gross Shorts:	64,092	79,976	5,960
– Long to Short Ratio:	0.6 to 1	1.3 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	72.6	26.7	63.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-27.4	26.7	-3.0

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week recorded a net position of -131,424 contracts in the data reported through Tuesday. This was a weekly fall of -16,335 contracts from the previous week which had a total of -115,089 net contracts.

This 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 39.1 percent. The commercials are Bullish with a score of 62.4 percent and the small traders (not shown in chart) are Bullish with a score of 58.8 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.4	44.4	5.1
– Percent of Open Interest Shorts:	33.3	35.3	2.2
– Net Position:	-131,424	99,903	31,521
– Gross Longs:	234,678	487,701	55,830
– Gross Shorts:	366,102	387,798	24,309
– Long to Short Ratio:	0.6 to 1	1.3 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.1	62.4	58.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.2	-3.2	-0.7

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week recorded a net position of 62,596 contracts in the data reported through Tuesday. This was a weekly fall of -156 contracts from the previous week which had a total of 62,752 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.8 percent. The commercials are Bullish with a score of 64.2 percent and the small traders (not shown in chart) are Bullish with a score of 72.2 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.9	50.7	6.3
– Percent of Open Interest Shorts:	11.3	68.8	3.8
– Net Position:	62,596	-72,742	10,146
– Gross Longs:	108,035	203,940	25,503
– Gross Shorts:	45,439	276,682	15,357
– Long to Short Ratio:	2.4 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	33.8	64.2	72.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.7	-2.3	24.0

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week recorded 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.

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 recorded a net position of -17,041 contracts in the data reported through Tuesday. This was a weekly decrease of -4,573 contracts from the previous week which had a total of -12,468 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.3 percent. The commercials are Bullish with a score of 56.5 percent and the small traders (not shown in chart) are Bearish with a score of 40.9 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.7	34.5	1.4
– Percent of Open Interest Shorts:	96.1	1.3	0.2
– Net Position:	-17,041	16,437	604
– Gross Longs:	30,521	17,060	700
– Gross Shorts:	47,562	623	96
– Long to Short Ratio:	0.6 to 1	27.4 to 1	7.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.3	56.5	40.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.0	8.4	-59.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

19 Feb

COT Soft Commodities Speculators drop Sugar bullish wagers to 91-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 February 15th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT soft commodities data is the recent turnaround in speculator sentiment for the Sugar futures bets. The speculative net position in the Sugar futures has fallen for three straight weeks and in ten out of the past twelve weeks. Overall, the net position has now decreased by a total of -170,063 net contracts over the past twelve weeks.

Sugar bullish bets had been on a strong uptrend from 2020 through 2021 with speculator bullish bets reaching a recent high of +302,267 net contracts on August 17th. Since then, contracts and sugar prices have cooled off and have started lower with the trend accelerating over the past few months. The slipping sentiment has pushed the current speculator standing for Sugar to the lowest level of the past ninety-one weeks, dating back to May of 2020.

The soft commodities that saw higher bets this week were Coffee (3,558 contracts), Soybeans (7,002 contracts), Soybean Oil (1,285 contracts), Soybean Meal (3,284 contracts), Live Cattle (3,758 contracts), Lean Hogs (690 contracts) and Cocoa (6,361 contracts).

The soft commodities that saw lower bets this week were Corn (-5,110 contracts), Sugar (-4,527 contracts), Cotton (-3,487 contracts) and Wheat (-2,268 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-15-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,122,758	39	348,093	8	-392,000	80	43,907	77
Gold	558,645	35	213,613	56	-238,875	45	25,262	36
Silver	156,968	23	23,556	46	-36,348	63	12,792	17
Copper	210,089	34	30,692	64	-39,421	32	8,729	76
Palladium	8,358	9	-1,000	15	903	83	97	50
Platinum	59,897	22	10,132	16	-16,020	86	5,888	44
Natural Gas	1,098,101	0	-131,424	39	99,903	62	31,521	59
Brent	214,404	51	-26,325	73	22,279	27	4,046	64
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	856,917	58	216,732	84	-186,438	22	-30,294	20
Corn	1,607,591	39	414,492	83	-374,969	19	-39,523	20
Coffee	254,992	25	70,425	100	-75,230	1	4,805	22
Sugar	871,213	11	74,563	52	-90,388	51	15,825	27
Wheat	402,232	35	-5,846	42	10,013	51	-4,167	82

CORN Futures:

The CORN large speculator standing this week totaled a net position of 414,492 contracts in the data reported through Tuesday. This was a weekly reduction of -5,110 contracts from the previous week which had a total of 419,602 net contracts.

This 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 83.0 percent. The commercials are Bearish-Extreme with a score of 18.5 percent and the small traders (not shown in chart) are Bearish with a score of 20.3 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.8	45.0	9.1
– Percent of Open Interest Shorts:	6.0	68.3	11.6
– Net Position:	414,492	-374,969	-39,523
– Gross Longs:	510,734	723,086	146,972
– Gross Shorts:	96,242	1,098,055	186,495
– Long to Short Ratio:	5.3 to 1	0.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	83.0	18.5	20.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.0	1.1	13.3

SUGAR Futures:

The SUGAR large speculator standing this week totaled a net position of 74,563 contracts in the data reported through Tuesday. This was a weekly decrease of -4,527 contracts from the previous week which had a total of 79,090 net contracts.

This 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 51.0 percent and the small traders (not shown in chart) are Bearish with a score of 27.4 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.0	56.2	9.0
– Percent of Open Interest Shorts:	12.4	66.6	7.2
– Net Position:	74,563	-90,388	15,825
– Gross Longs:	182,861	489,754	78,130
– Gross Shorts:	108,298	580,142	62,305
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.9	51.0	27.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.2	19.4	-4.9

COFFEE Futures:

The COFFEE large speculator standing this week totaled a net position of 70,425 contracts in the data reported through Tuesday. This was a weekly advance of 3,558 contracts from the previous week which had a total of 66,867 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 Bullish-Extreme with a score of 99.7 percent. The commercials are Bearish-Extreme with a score of 0.9 percent and the small traders (not shown in chart) are Bearish with a score of 21.6 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.4	41.5	4.5
– Percent of Open Interest Shorts:	3.7	71.0	2.7
– Net Position:	70,425	-75,230	4,805
– Gross Longs:	79,961	105,790	11,577
– Gross Shorts:	9,536	181,020	6,772
– Long to Short Ratio:	8.4 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	99.7	0.9	21.6
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.5	-13.7	11.2

SOYBEANS Futures:

The SOYBEANS large speculator standing this week totaled a net position of 216,732 contracts in the data reported through Tuesday. This was a weekly gain of 7,002 contracts from the previous week which had a total of 209,730 net contracts.

This 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 83.9 percent. The commercials are Bearish with a score of 22.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.8 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.5	43.8	6.6
– Percent of Open Interest Shorts:	5.2	65.6	10.2
– Net Position:	216,732	-186,438	-30,294
– Gross Longs:	261,666	375,676	56,797
– Gross Shorts:	44,934	562,114	87,091
– Long to Short Ratio:	5.8 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	83.9	22.0	19.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.3	-22.2	14.2

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week totaled a net position of 67,320 contracts in the data reported through Tuesday. This was a weekly advance of 1,285 contracts from the previous week which had a total of 66,035 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 60.2 percent. The commercials are Bearish with a score of 39.5 percent and the small traders (not shown in chart) are Bullish with a score of 63.2 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.4	46.8	9.5
– Percent of Open Interest Shorts:	8.3	66.0	6.4
– Net Position:	67,320	-80,652	13,332
– Gross Longs:	102,372	196,884	40,131
– Gross Shorts:	35,052	277,536	26,799
– Long to Short Ratio:	2.9 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.2	39.5	63.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.5	-12.4	26.9

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week totaled a net position of 109,544 contracts in the data reported through Tuesday. This was a weekly gain of 3,284 contracts from the previous week which had a total of 106,260 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 92.9 percent. The commercials are Bearish-Extreme with a score of 5.2 percent and the small traders (not shown in chart) are Bullish with a score of 75.7 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.4	43.8	11.4
– Percent of Open Interest Shorts:	5.0	74.1	5.6
– Net Position:	109,544	-135,761	26,217
– Gross Longs:	131,883	196,526	51,263
– Gross Shorts:	22,339	332,287	25,046
– Long to Short Ratio:	5.9 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	92.9	5.2	75.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.2	-7.0	7.4

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week totaled a net position of 83,567 contracts in the data reported through Tuesday. This was a weekly lift of 3,758 contracts from the previous week which had a total of 79,809 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 Bearish with a score of 45.1 percent. The commercials are Bullish with a score of 50.5 percent and the small traders (not shown in chart) are Bullish with a score of 53.2 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.3	36.9	9.2
– Percent of Open Interest Shorts:	13.8	56.5	13.2
– Net Position:	83,567	-69,675	-13,892
– Gross Longs:	132,481	130,961	32,844
– Gross Shorts:	48,914	200,636	46,736
– Long to Short Ratio:	2.7 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.1	50.5	53.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.9	-6.7	-8.7

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week totaled a net position of 67,332 contracts in the data reported through Tuesday. This was a weekly gain of 690 contracts from the previous week which had a total of 66,642 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 80.1 percent. The commercials are Bearish with a score of 24.6 percent and the small traders (not shown in chart) are Bearish with a score of 31.8 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.7	32.3	8.0
– Percent of Open Interest Shorts:	16.6	52.3	12.0
– Net Position:	67,332	-56,167	-11,165
– Gross Longs:	113,909	90,422	22,524
– Gross Shorts:	46,577	146,589	33,689
– Long to Short Ratio:	2.4 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.1	24.6	31.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.9	-15.8	16.4

COTTON Futures:

The COTTON large speculator standing this week totaled a net position of 93,723 contracts in the data reported through Tuesday. This was a weekly decline of -3,487 contracts from the previous week which had a total of 97,210 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 82.4 percent. The commercials are Bearish-Extreme with a score of 17.0 percent and the small traders (not shown in chart) are Bullish with a score of 79.5 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.9	38.3	7.9
– Percent of Open Interest Shorts:	5.0	80.4	3.6
– Net Position:	93,723	-104,282	10,559
– Gross Longs:	106,081	94,792	19,508
– Gross Shorts:	12,358	199,074	8,949
– Long to Short Ratio:	8.6 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.4	17.0	79.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.4	2.8	-6.5

COCOA Futures:

The COCOA large speculator standing this week totaled a net position of 49,216 contracts in the data reported through Tuesday. This was a weekly rise of 6,361 contracts from the previous week which had a total of 42,855 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.2 percent. The commercials are Bearish with a score of 30.8 percent and the small traders (not shown in chart) are Bullish with a score of 60.9 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.1	41.7	5.0
– Percent of Open Interest Shorts:	14.2	62.4	3.2
– Net Position:	49,216	-53,823	4,607
– Gross Longs:	86,191	108,555	12,975
– Gross Shorts:	36,975	162,378	8,368
– Long to Short Ratio:	2.3 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.2	30.8	60.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	39.0	-40.4	28.2

WHEAT Futures:

The WHEAT large speculator standing this week totaled a net position of -5,846 contracts in the data reported through Tuesday. This was a weekly fall of -2,268 contracts from the previous week which had a total of -3,578 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.0 percent. The commercials are Bullish with a score of 50.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.7 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.5	39.0	8.6
– Percent of Open Interest Shorts:	28.0	36.5	9.6
– Net Position:	-5,846	10,013	-4,167
– Gross Longs:	106,622	156,858	34,592
– Gross Shorts:	112,468	146,845	38,759
– 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):	42.0	50.6	81.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.5	3.7	29.4

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

12 Feb

COT Currency Speculator’s bullish bets for Brazilian Real jump by most on record

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 8th 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 strong gains in bullish bets for the Brazilian Real currency futures contracts. Real speculators boosted their bullish bets this week by the largest one-week amount (+33,599 contracts) on record, according the CFTC data going back to 1995. This surge in bullish sentiment pushed the overall net speculator standing for Brazilian Reals into bullish territory for the first time in nineteen weeks, dating back to September 28th.

There has been a surge of trading going on in this market over the past couple of weeks with open interest increasing dramatically. Open interest (OI) for the Brazilian currency jumped on February 2nd to a total of 76,175 contracts which marked the highest OI level of the previous 381 weeks, dating all the way back to September of 2014. The previous ten weeks had seen an average open interest of less than half (ten week average of 33,492 contracts) of the February 2nd total. This week’s open interest fell a bit to 64,283 contracts but still was the second highest open interest of the past thirty-six weeks and with all this activity going on, this is a currency to watch.

Joining the Brazil real (33,599 contracts) with positive changes this week were the Euro (9,126 contracts), Japanese yen (1,492 contracts), British pound sterling (15,060 contracts), New Zealand dollar (1,332 contracts), Mexican peso (514 contracts) and the Russian ruble (1,292 contracts).

The currencies with declining bets were the US Dollar Index (-806 contracts), Australian dollar (-5,912 contracts), Canadian dollar (-3,378 contracts), Swiss franc (-1,160 contracts) and the Bitcoin futures (-460 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Feb-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	53,603	75	33,765	84	-40,826	7	7,061	94
EUR	700,098	83	38,842	47	-73,252	55	34,410	31
GBP	197,948	37	-8,545	68	9,323	35	-778	54
JPY	196,478	53	-59,148	31	75,957	74	-16,809	13
CHF	41,481	16	-9,399	54	16,918	50	-7,519	41
CAD	145,208	27	14,886	62	-16,958	45	2,072	34
AUD	196,403	80	-85,741	5	98,357	92	-12,616	22
NZD	54,877	53	-10,366	54	12,733	50	-2,367	25
MXN	134,257	19	1,244	28	-4,073	71	2,829	55
RUB	39,233	35	15,443	50	-16,839	47	1,396	72
BRL	64,283	81	20,246	96	-22,432	4	2,186	92
Bitcoin	9,886	50	-319	90	-189	0	508	24

US Dollar Index Futures:

The US Dollar Index large speculator standing this week was a net position of 33,765 contracts in the data reported through Tuesday. This was a weekly fall of -806 contracts from the previous week which had a total of 34,571 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 84.0 percent. The commercials are Bearish-Extreme with a score of 6.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 93.8 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	75.3	5.9	16.5
– Percent of Open Interest Shorts:	12.3	82.0	3.3
– Net Position:	33,765	-40,826	7,061
– Gross Longs:	40,370	3,150	8,841
– Gross Shorts:	6,605	43,976	1,780
– Long to Short Ratio:	6.1 to 1	0.1 to 1	5.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.0	6.8	93.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.2	2.7	15.2

Euro Currency Futures:

The Euro Currency large speculator standing this week was a net position of 38,842 contracts in the data reported through Tuesday. This was a weekly increase of 9,126 contracts from the previous week which had a total of 29,716 net contracts.

This 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 46.9 percent. The commercials are Bullish with a score of 55.0 percent and the small traders (not shown in chart) are Bearish with a score of 31.4 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.3	54.6	12.5
– Percent of Open Interest Shorts:	25.7	65.1	7.6
– Net Position:	38,842	-73,252	34,410
– Gross Longs:	218,973	382,426	87,725
– Gross Shorts:	180,131	455,678	53,315
– Long to Short Ratio:	1.2 to 1	0.8 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	46.9	55.0	31.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.0	-15.5	15.3

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week was a net position of -8,545 contracts in the data reported through Tuesday. This was a weekly gain of 15,060 contracts from the previous week which had a total of -23,605 net contracts.

This 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 67.8 percent. The commercials are Bearish with a score of 35.2 percent and the small traders (not shown in chart) are Bullish with a score of 54.0 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.6	60.7	13.6
– Percent of Open Interest Shorts:	26.9	56.0	14.0
– Net Position:	-8,545	9,323	-778
– Gross Longs:	44,709	120,220	26,951
– Gross Shorts:	53,254	110,897	27,729
– Long to Short Ratio:	0.8 to 1	1.1 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.8	35.2	54.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	30.4	-30.0	17.8

Japanese Yen Futures:

The Japanese Yen large speculator standing this week was a net position of -59,148 contracts in the data reported through Tuesday. This was a weekly boost of 1,492 contracts from the previous week which had a total of -60,640 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.7 percent. The commercials are Bullish with a score of 73.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.5 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.0	81.2	9.0
– Percent of Open Interest Shorts:	38.1	42.6	17.5
– Net Position:	-59,148	75,957	-16,809
– Gross Longs:	15,692	159,601	17,609
– Gross Shorts:	74,840	83,644	34,418
– Long to Short Ratio:	0.2 to 1	1.9 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	30.7	73.9	13.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.8	1.8	5.3

Swiss Franc Futures:

The Swiss Franc large speculator standing this week was a net position of -9,399 contracts in the data reported through Tuesday. This was a weekly decline of -1,160 contracts from the previous week which had a total of -8,239 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 53.5 percent. The commercials are Bearish with a score of 49.9 percent and the small traders (not shown in chart) are Bearish with a score of 41.2 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.0	72.8	23.7
– Percent of Open Interest Shorts:	25.6	32.1	41.8
– Net Position:	-9,399	16,918	-7,519
– Gross Longs:	1,234	30,215	9,838
– Gross Shorts:	10,633	13,297	17,357
– Long to Short Ratio:	0.1 to 1	2.3 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.5	49.9	41.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.3	1.9	-8.8

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week was a net position of 14,886 contracts in the data reported through Tuesday. This was a weekly decline of -3,378 contracts from the previous week which had a total of 18,264 net contracts.

This 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 62.1 percent. The commercials are Bearish with a score of 45.4 percent and the small traders (not shown in chart) are Bearish with a score of 33.9 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.7	40.2	18.9
– Percent of Open Interest Shorts:	27.5	51.9	17.5
– Net Position:	14,886	-16,958	2,072
– Gross Longs:	54,762	58,404	27,480
– Gross Shorts:	39,876	75,362	25,408
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.1	45.4	33.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.4	-16.7	-2.2

Australian Dollar Futures:

The Australian Dollar large speculator standing this week was a net position of -85,741 contracts in the data reported through Tuesday. This was a weekly reduction of -5,912 contracts from the previous week which had a total of -79,829 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 5.3 percent. The commercials are Bullish-Extreme with a score of 92.3 percent and the small traders (not shown in chart) are Bearish with a score of 21.7 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.8	79.0	9.9
– Percent of Open Interest Shorts:	52.5	28.9	16.3
– Net Position:	-85,741	98,357	-12,616
– Gross Longs:	17,323	155,203	19,485
– Gross Shorts:	103,064	56,846	32,101
– Long to Short Ratio:	0.2 to 1	2.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	5.3	92.3	21.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.7	-0.8	12.5

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week was a net position of -10,366 contracts in the data reported through Tuesday. This was a weekly increase of 1,332 contracts from the previous week which had a total of -11,698 net contracts.

This 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 53.9 percent. The commercials are Bullish with a score of 50.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.7 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.3	61.2	5.6
– Percent of Open Interest Shorts:	50.2	38.0	10.0
– Net Position:	-10,366	12,733	-2,367
– Gross Longs:	17,168	33,591	3,097
– Gross Shorts:	27,534	20,858	5,464
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.9	50.0	24.7
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.3	4.1	-7.9

Mexican Peso Futures:

The Mexican Peso large speculator standing this week was a net position of 1,244 contracts in the data reported through Tuesday. This was a weekly gain of 514 contracts from the previous week which had a total of 730 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.9 percent. The commercials are Bullish with a score of 71.1 percent and the small traders (not shown in chart) are Bullish with a score of 55.0 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.6	61.3	4.5
– Percent of Open Interest Shorts:	32.7	64.3	2.4
– Net Position:	1,244	-4,073	2,829
– Gross Longs:	45,097	82,287	6,067
– Gross Shorts:	43,853	86,360	3,238
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	27.9	71.1	55.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.4	-5.2	9.1

Brazilian Real Futures:

The Brazilian Real large speculator standing this week was a net position of 20,246 contracts in the data reported through Tuesday. This was a weekly rise of 33,599 contracts from the previous week which had a total of -13,353 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 95.7 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 91.7 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	76.5	17.6	5.7
– Percent of Open Interest Shorts:	45.0	52.5	2.3
– Net Position:	20,246	-22,432	2,186
– Gross Longs:	49,170	11,336	3,666
– Gross Shorts:	28,924	33,768	1,480
– Long to Short Ratio:	1.7 to 1	0.3 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	95.7	3.5	91.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	34.2	-37.2	28.4

Russian Ruble Futures:

The Russian Ruble large speculator standing this week was a net position of 15,443 contracts in the data reported through Tuesday. This was a weekly boost of 1,292 contracts from the previous week which had a total of 14,151 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.9 percent. The commercials are Bearish with a score of 46.9 percent and the small traders (not shown in chart) are Bullish with a score of 72.5 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	50.1	43.4	6.5
– Percent of Open Interest Shorts:	10.7	86.3	3.0
– Net Position:	15,443	-16,839	1,396
– Gross Longs:	19,657	17,021	2,555
– Gross Shorts:	4,214	33,860	1,159
– Long to Short Ratio:	4.7 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.9	46.9	72.5
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.5	-15.9	-0.7

Bitcoin Futures:

The Bitcoin large speculator standing this week was a net position of -319 contracts in the data reported through Tuesday. This was a weekly reduction of -460 contracts from the previous week which had a total of 141 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 89.9 percent. The commercials are Bearish with a score of 24.8 percent and the small traders (not shown in chart) are Bearish with a score of 24.5 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	78.4	3.8	14.9
– Percent of Open Interest Shorts:	81.6	5.7	9.8
– Net Position:	-319	-189	508
– Gross Longs:	7,751	376	1,474
– Gross Shorts:	8,070	565	966
– Long to Short Ratio:	1.0 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	89.9	24.8	24.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.9	2.9	-5.9

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

12 Feb

COT Bonds Speculators drop 10-Year Treasury bearish bets to 15-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 February 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 bonds data is the decrease in the 10-Year Bond futures bearish positions. The bearish speculative position in the 10-Year has declined for three out of the past four weeks and by a total of 141,929 contracts over that four-week period. The 10-Year has been on a strong bearish trend and the large speculators position fell over into bearish territory on October 19th with bets hitting a 100-week bearish high on January 11th at -343,839 contracts. Since then, bearish bets have been on the decline and this week the speculator standing reached it’s least bearish level of the past fifteen weeks at a total of -201,910 contracts.

Joining the 10-Year (72,965 contracts) in gaining this week were the Eurodollar (73,184 contracts), Long US Bond (3,523 contracts) and the Ultra US Bond (17,741 contracts) while decreasing bets for the week were seen in 2-Year Bond (-58,904 contracts), Fed Funds (-3,950 contracts), Ultra 10-Year (-33,495 contracts) and the 5-Year (-11,855 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Feb-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	11,025,435	45	-2,036,292	2	2,480,245	99	-443,953	7
FedFunds	1,774,290	57	28,650	43	-16,498	58	-12,152	31
2-Year	2,302,597	20	-11,430	80	102,779	42	-91,349	4
Long T-Bond	1,186,568	46	-33,025	82	53,361	37	-20,336	36
10-Year	4,048,525	68	-201,910	41	482,585	82	-280,675	13
5-Year	4,020,579	49	-132,379	58	371,113	62	-238,734	15

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week recorded a net position of -2,036,292 contracts in the data reported through Tuesday. This was a weekly gain of 73,184 contracts from the previous week which had a total of -2,109,476 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 1.8 percent. The commercials are Bullish-Extreme with a score of 98.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.7 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.8	75.6	4.2
– Percent of Open Interest Shorts:	23.3	53.1	8.2
– Net Position:	-2,036,292	2,480,245	-443,953
– Gross Longs:	528,925	8,331,007	459,484
– Gross Shorts:	2,565,217	5,850,762	903,437
– Long to Short Ratio:	0.2 to 1	1.4 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	1.8	98.6	6.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.5	5.7	-15.1

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week recorded a net position of 28,650 contracts in the data reported through Tuesday. This was a weekly decline of -3,950 contracts from the previous week which had a total of 32,600 net contracts.

This 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 43.2 percent. The commercials are Bullish with a score of 57.9 percent and the small traders (not shown in chart) are Bearish with a score of 31.5 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.7	74.7	1.4
– Percent of Open Interest Shorts:	7.1	75.6	2.1
– Net Position:	28,650	-16,498	-12,152
– Gross Longs:	154,974	1,324,844	24,339
– Gross Shorts:	126,324	1,341,342	36,491
– Long to Short Ratio:	1.2 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	43.2	57.9	31.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.1	-15.0	4.9

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week recorded a net position of -11,430 contracts in the data reported through Tuesday. This was a weekly decrease of -58,904 contracts from the previous week which had a total of 47,474 net contracts.

This 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 80.0 percent. The commercials are Bearish with a score of 42.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.5 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.1	71.0	5.4
– Percent of Open Interest Shorts:	19.6	66.5	9.4
– Net Position:	-11,430	102,779	-91,349
– Gross Longs:	439,999	1,634,283	124,882
– Gross Shorts:	451,429	1,531,504	216,231
– 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):	80.0	42.3	4.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.0	28.1	-13.0

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week recorded a net position of -132,379 contracts in the data reported through Tuesday. This was a weekly decline of -11,855 contracts from the previous week which had a total of -120,524 net contracts.

This 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 58.5 percent. The commercials are Bullish with a score of 62.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.5 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.3	78.7	6.8
– Percent of Open Interest Shorts:	14.6	69.5	12.8
– Net Position:	-132,379	371,113	-238,734
– Gross Longs:	454,870	3,164,451	275,377
– Gross Shorts:	587,249	2,793,338	514,111
– Long to Short Ratio:	0.8 to 1	1.1 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.5	62.4	15.5
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	30.3	-22.3	1.7

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week recorded a net position of -201,910 contracts in the data reported through Tuesday. This was a weekly rise of 72,965 contracts from the previous week which had a total of -274,875 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.0 percent. The commercials are Bullish-Extreme with a score of 82.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.3 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.0	75.5	7.6
– Percent of Open Interest Shorts:	18.0	63.5	14.5
– Net Position:	-201,910	482,585	-280,675
– Gross Longs:	526,749	3,055,005	306,662
– Gross Shorts:	728,659	2,572,420	587,337
– Long to Short Ratio:	0.7 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.0	82.3	13.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.8	3.0	-8.3

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week recorded a net position of 44,011 contracts in the data reported through Tuesday. This was a weekly reduction of -33,495 contracts from the previous week which had a total of 77,506 net contracts.

This 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 39.4 percent. The commercials are Bullish with a score of 76.2 percent and the small traders (not shown in chart) are Bearish with a score of 20.4 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.6	72.5	8.6
– Percent of Open Interest Shorts:	14.5	64.4	19.8
– Net Position:	44,011	114,010	-158,021
– Gross Longs:	248,068	1,022,226	120,720
– Gross Shorts:	204,057	908,216	278,741
– Long to Short Ratio:	1.2 to 1	1.1 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.4	76.2	20.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.4	21.6	-4.4

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week recorded a net position of -33,025 contracts in the data reported through Tuesday. This was a weekly advance of 3,523 contracts from the previous week which had a total of -36,548 net contracts.

This 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 81.6 percent. The commercials are Bearish with a score of 37.1 percent and the small traders (not shown in chart) are Bearish with a score of 36.4 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.4	75.1	13.5
– Percent of Open Interest Shorts:	12.2	70.6	15.2
– Net Position:	-33,025	53,361	-20,336
– Gross Longs:	111,888	891,085	160,408
– Gross Shorts:	144,913	837,724	180,744
– Long to Short Ratio:	0.8 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	81.6	37.1	36.4
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.7	20.4	-40.4

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week recorded a net position of -315,852 contracts in the data reported through Tuesday. This was a weekly rise of 17,741 contracts from the previous week which had a total of -333,593 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.4 percent. The commercials are Bullish with a score of 54.2 percent and the small traders (not shown in chart) are Bullish with a score of 50.8 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.6	81.1	12.3
– Percent of Open Interest Shorts:	30.1	59.0	9.9
– Net Position:	-315,852	284,470	31,382
– Gross Longs:	71,447	1,043,619	158,198
– Gross Shorts:	387,299	759,149	126,816
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.4	54.2	50.8
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.2	9.8	-3.5

Article By InvestMacro – Receive our weekly COT Reports by Email

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