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COT Metals Speculators raise Copper bullish bets for 5th time in 7 weeks

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

Highlighting the COT metals data is the recent uptrend in the Copper futures bets. The speculative net position in the Copper futures has risen for three out of the past four weeks and in five out of the past seven weeks. Copper bets had been in a very strong and rising bullish position throughout the second half of 2020 and maintained their bullishness in 2021 but to a lesser degree. The bullish bets started to falter recently in December and dropped to an eighty-one week low on December 21st at a bullish position of just +4,437 contracts. Since then, speculator’s Copper bets have started to trend higher and this week hold a position of +18,855 net contracts.

The metals this week with higher speculator bets were Gold (14,564 contracts) and Copper (2,700 contracts) while the markets with lower speculator contracts were Silver (-2,819 contracts), Platinum (-2,822 contracts) and Palladium (-238 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,170,681	46	363,383	18	-412,144	69	48,761	84
Gold	512,842	23	186,706	47	-211,434	53	24,728	34
Silver	147,379	14	19,299	42	-32,571	67	13,272	20
Copper	201,860	28	18,855	56	-25,523	42	6,668	64
Palladium	7,497	5	-1,230	14	1,035	83	195	56
Platinum	58,766	20	11,759	19	-16,638	85	4,879	30
Natural Gas	1,133,934	6	-115,089	44	85,151	58	29,938	55
Brent	208,578	46	-26,323	73	22,725	27	3,598	58
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	832,618	52	209,730	82	-176,080	24	-33,650	14
Corn	1,575,318	34	419,602	84	-382,874	17	-36,728	22
Coffee	273,102	39	66,867	97	-72,255	3	5,388	26
Sugar	931,602	25	79,090	53	-96,963	50	17,873	30
Wheat	385,172	26	-3,578	44	7,972	49	-4,394	81

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week was a net position of 186,706 contracts in the data reported through Tuesday. This was a weekly advance of 14,564 contracts from the previous week which had a total of 172,142 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.2 percent. The commercials are Bullish with a score of 53.1 percent and the small traders (not shown in chart) are Bearish with a score of 34.3 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	54.5	24.6	8.7
– Percent of Open Interest Shorts:	18.1	65.9	3.9
– Net Position:	186,706	-211,434	24,728
– Gross Longs:	279,559	126,328	44,869
– Gross Shorts:	92,853	337,762	20,141
– Long to Short Ratio:	3.0 to 1	0.4 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.2	53.1	34.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.4	10.4	-22.1

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week was a net position of 19,299 contracts in the data reported through Tuesday. This was a weekly decrease of -2,819 contracts from the previous week which had a total of 22,118 net contracts.

This 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 41.6 percent. The commercials are Bullish with a score of 66.9 percent and the small traders (not shown in chart) are Bearish with a score of 20.1 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	38.6	35.9	17.8
– Percent of Open Interest Shorts:	25.5	58.0	8.8
– Net Position:	19,299	-32,571	13,272
– Gross Longs:	56,905	52,943	26,231
– Gross Shorts:	37,606	85,514	12,959
– Long to Short Ratio:	1.5 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.6	66.9	20.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.1	9.2	-12.8

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week was a net position of 18,855 contracts in the data reported through Tuesday. This was a weekly gain of 2,700 contracts from the previous week which had a total of 16,155 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.9 percent. The commercials are Bearish with a score of 41.9 percent and the small traders (not shown in chart) are Bullish with a score of 63.8 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.8	41.2	9.0
– Percent of Open Interest Shorts:	27.5	53.9	5.7
– Net Position:	18,855	-25,523	6,668
– Gross Longs:	74,302	83,203	18,191
– Gross Shorts:	55,447	108,726	11,523
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.9	41.9	63.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.2	-4.0	7.9

Platinum Futures:

The Platinum Futures large speculator standing this week was a net position of 11,759 contracts in the data reported through Tuesday. This was a weekly lowering of -2,822 contracts from the previous week which had a total of 14,581 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 18.7 percent. The commercials are Bullish-Extreme with a score of 85.3 percent and the small traders (not shown in chart) are Bearish with a score of 30.0 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	47.9	35.4	13.7
– Percent of Open Interest Shorts:	27.9	63.7	5.4
– Net Position:	11,759	-16,638	4,879
– Gross Longs:	28,134	20,817	8,032
– Gross Shorts:	16,375	37,455	3,153
– Long to Short Ratio:	1.7 to 1	0.6 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	18.7	85.3	30.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.6	-8.6	-18.3

Palladium Futures:

The Palladium Futures large speculator standing this week was a net position of -1,230 contracts in the data reported through Tuesday. This was a weekly decrease of -238 contracts from the previous week which had a total of -992 net contracts.

This 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 13.9 percent. The commercials are Bullish-Extreme with a score of 83.5 percent and the small traders (not shown in chart) are Bullish with a score of 56.1 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.5	51.0	18.4
– Percent of Open Interest Shorts:	41.9	37.2	15.8
– Net Position:	-1,230	1,035	195
– Gross Longs:	1,911	3,824	1,377
– Gross Shorts:	3,141	2,789	1,182
– Long to Short Ratio:	0.6 to 1	1.4 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	13.9	83.5	56.1
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.3	-11.7	18.6

Article By InvestMacro – Receive our weekly COT Reports by Email

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

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

12 Feb

COT Energy Speculators drop their Heating Oil bullish bets to 6-week low

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

Highlighting the COT energy data is the recent slide in the Heating Oil futures bets. The speculative net position in the #2 Heating Oil NY-Harbor futures has fallen for three out of the past four weeks and for thirteen out of the past seventeen weeks. These decreases have brought the overall net standing for heating oil to just +6,455 contracts, the lowest level since late December. Heating oil contracts have been in positive bullish territory for sixty-seven straight weeks, dating back to October of 2020. The most recent high was a total of +39,137 contracts on October 12th of 2021 but contracts have been on a downtrend since then. The heating oil price, meanwhile, has been on a sharp uptrend (like most energy prices) so there is a divergence at the current moment between the speculators (typically trend followers) and the price direction.

The markets with rising speculator bets this week were Natural Gas (4,921 contracts) and the Bloomberg Commodity Index (2,430 contracts) while WTI Crude Oil (-5,521 contracts), Brent Crude Oil (-7,403 contracts), Heating Oil (-9,228 contracts) and Gasoline (-2,600 contracts) fell.

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,170,681	46	363,383	18	-412,144	69	48,761	84
Gold	512,842	23	186,706	47	-211,434	53	24,728	34
Silver	147,379	14	19,299	42	-32,571	67	13,272	20
Copper	201,860	28	18,855	56	-25,523	42	6,668	64
Palladium	7,497	5	-1,230	14	1,035	83	195	56
Platinum	58,766	20	11,759	19	-16,638	85	4,879	30
Natural Gas	1,133,934	6	-115,089	44	85,151	58	29,938	55
Brent	208,578	46	-26,323	73	22,725	27	3,598	58
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	832,618	52	209,730	82	-176,080	24	-33,650	14
Corn	1,575,318	34	419,602	84	-382,874	17	-36,728	22
Coffee	273,102	39	66,867	97	-72,255	3	5,388	26
Sugar	931,602	25	79,090	53	-96,963	50	17,873	30
Wheat	385,172	26	-3,578	44	7,972	49	-4,394	81

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week recorded a net position of 363,383 contracts in the data reported through Tuesday. This was a weekly decrease of -5,521 contracts from the previous week which had a total of 368,904 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 17.9 percent. The commercials are Bullish with a score of 68.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.7 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.1	35.1	4.9
– Percent of Open Interest Shorts:	5.4	54.1	2.6
– Net Position:	363,383	-412,144	48,761
– Gross Longs:	480,560	762,286	105,794
– Gross Shorts:	117,177	1,174,430	57,033
– Long to Short Ratio:	4.1 to 1	0.6 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	17.9	68.6	83.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.1	-13.6	19.9

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week recorded a net position of -26,323 contracts in the data reported through Tuesday. This was a weekly lowering of -7,403 contracts from the previous week which had a total of -18,920 net contracts.

This 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 27.5 percent and the small traders (not shown in chart) are Bullish with a score of 57.9 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.6	47.8	4.4
– Percent of Open Interest Shorts:	31.2	36.9	2.7
– Net Position:	-26,323	22,725	3,598
– Gross Longs:	38,825	99,625	9,166
– Gross Shorts:	65,148	76,900	5,568
– Long to Short Ratio:	0.6 to 1	1.3 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	72.6	27.5	57.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.2	9.0	6.4

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week recorded a net position of -115,089 contracts in the data reported through Tuesday. This was a weekly gain of 4,921 contracts from the previous week which had a total of -120,010 net contracts.

This 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 44.0 percent. The commercials are Bullish with a score of 57.7 percent and the small traders (not shown in chart) are Bullish with a score of 54.8 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.2	41.5	5.1
– Percent of Open Interest Shorts:	31.4	33.9	2.5
– Net Position:	-115,089	85,151	29,938
– Gross Longs:	240,829	470,065	57,837
– Gross Shorts:	355,918	384,914	27,899
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.0	57.7	54.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.4	-9.6	-1.7

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week recorded a net position of 62,752 contracts in the data reported through Tuesday. This was a weekly reduction of -2,600 contracts from the previous week which had a total of 65,352 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.0 percent. The commercials are Bullish with a score of 64.4 percent and the small traders (not shown in chart) are Bullish with a score of 70.4 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.0	49.5	6.2
– Percent of Open Interest Shorts:	11.8	68.3	3.7
– Net Position:	62,752	-72,595	9,843
– Gross Longs:	108,363	191,576	24,008
– Gross Shorts:	45,611	264,171	14,165
– 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):	34.0	64.4	70.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.6	-9.3	22.4

#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 decrease 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 recorded a net position of -12,468 contracts in the data reported through Tuesday. This was a weekly advance of 2,430 contracts from the previous week which had a total of -14,898 net contracts.

This 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 59.8 percent. The commercials are Bearish with a score of 38.9 percent and the small traders (not shown in chart) are Bearish with a score of 41.6 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	68.4	27.4	1.5
– Percent of Open Interest Shorts:	95.8	1.4	0.1
– Net Position:	-12,468	11,845	623
– Gross Longs:	31,105	12,468	670
– Gross Shorts:	43,573	623	47
– Long to Short Ratio:	0.7 to 1	20.0 to 1	14.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.8	38.9	41.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.5	8.9	5.9

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

12 Feb

COT Soft Commodities Speculators push Soybeans bullish bets higher for 9th time in 10 weeks

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

Highlighting the COT soft commodities data is the continued increases in the Soybeans futures bets. The speculative net position in the Soybeans futures rose for a third consecutive week this week and for the ninth time out of the past ten weeks. Over the past ten weeks, the speculative position has surged higher by a total of 154,413 net contracts and has now pushed the current net spec standing to a thirty-five week high at over +209,000 contracts. The Soybeans positioning has reached an extreme speculator level of 82.2 percent in the strength index readings this week (current spec level compared to past three years of data where above 80% is extreme bullish and below 20% is extreme bearish) for the first time since June 15th of 2021.

The soft commodities that saw higher bets this week were Soybeans (16,357 contracts), Coffee (5,489 contracts), Soybean Meal (7,421 contracts), Live Cattle (14,301 contracts), Lean Hogs (7,121 contracts), Cocoa (15,093 contracts) and Wheat (-3,928 contracts).

The soft commodities that saw lower bets this week were Corn (-35,618 contracts), Sugar (-14,503 contracts), Cotton (-1,790 contracts) and Soybean Oil (-8,375 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-08-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,170,681	46	363,383	18	-412,144	69	48,761	84
Gold	512,842	23	186,706	47	-211,434	53	24,728	34
Silver	147,379	14	19,299	42	-32,571	67	13,272	20
Copper	201,860	28	18,855	56	-25,523	42	6,668	64
Palladium	7,497	5	-1,230	14	1,035	83	195	56
Platinum	58,766	20	11,759	19	-16,638	85	4,879	30
Natural Gas	1,133,934	6	-115,089	44	85,151	58	29,938	55
Brent	208,578	46	-26,323	73	22,725	27	3,598	58
Heating Oil	349,618	31	6,455	52	-32,434	37	25,979	88
Soybeans	832,618	52	209,730	82	-176,080	24	-33,650	14
Corn	1,575,318	34	419,602	84	-382,874	17	-36,728	22
Coffee	273,102	39	66,867	97	-72,255	3	5,388	26
Sugar	931,602	25	79,090	53	-96,963	50	17,873	30
Wheat	385,172	26	-3,578	44	7,972	49	-4,394	81

CORN Futures:

The CORN large speculator standing this week was a net position of 419,602 contracts in the data reported through Tuesday. This was a weekly decrease of -35,618 contracts from the previous week which had a total of 455,220 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 83.6 percent. The commercials are Bearish-Extreme with a score of 17.4 percent and the small traders (not shown in chart) are Bearish with a score of 21.9 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.0	44.0	9.4
– Percent of Open Interest Shorts:	6.4	68.3	11.8
– Net Position:	419,602	-382,874	-36,728
– Gross Longs:	519,855	693,712	148,454
– Gross Shorts:	100,253	1,076,586	185,182
– Long to Short Ratio:	5.2 to 1	0.6 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	83.6	17.4	21.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.9	4.1	5.5

SUGAR Futures:

The SUGAR large speculator standing this week was a net position of 79,090 contracts in the data reported through Tuesday. This was a weekly reduction of -14,503 contracts from the previous week which had a total of 93,593 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 52.9 percent. The commercials are Bearish with a score of 49.8 percent and the small traders (not shown in chart) are Bearish with a score of 30.0 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.8	57.1	8.9
– Percent of Open Interest Shorts:	11.3	67.5	7.0
– Net Position:	79,090	-96,963	17,873
– Gross Longs:	184,040	532,127	83,261
– Gross Shorts:	104,950	629,090	65,388
– Long to Short Ratio:	1.8 to 1	0.8 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.9	49.8	30.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.7	21.2	-8.0

COFFEE Futures:

The COFFEE large speculator standing this week was a net position of 66,867 contracts in the data reported through Tuesday. This was a weekly increase of 5,489 contracts from the previous week which had a total of 61,378 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 97.2 percent. The commercials are Bearish-Extreme with a score of 3.2 percent and the small traders (not shown in chart) are Bearish with a score of 25.6 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.3	42.3	4.6
– Percent of Open Interest Shorts:	4.8	68.8	2.7
– Net Position:	66,867	-72,255	5,388
– Gross Longs:	79,999	115,622	12,695
– Gross Shorts:	13,132	187,877	7,307
– Long to Short Ratio:	6.1 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	97.2	3.2	25.6
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.4	-11.2	18.3

SOYBEANS Futures:

The SOYBEANS large speculator standing this week was a net position of 209,730 contracts in the data reported through Tuesday. This was a weekly increase of 16,357 contracts from the previous week which had a total of 193,373 net contracts.

This 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 82.2 percent. The commercials are Bearish with a score of 24.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.4 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.7	45.5	6.7
– Percent of Open Interest Shorts:	5.5	66.6	10.7
– Net Position:	209,730	-176,080	-33,650
– Gross Longs:	255,224	378,830	55,648
– Gross Shorts:	45,494	554,910	89,298
– Long to Short Ratio:	5.6 to 1	0.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.2	24.4	14.4
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.8	-19.5	-2.4

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week was a net position of 66,035 contracts in the data reported through Tuesday. This was a weekly reduction of -8,375 contracts from the previous week which had a total of 74,410 net contracts.

This 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 40.9 percent and the small traders (not shown in chart) are Bullish with a score of 57.2 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	47.7	8.6
– Percent of Open Interest Shorts:	9.8	65.8	5.9
– Net Position:	66,035	-77,767	11,732
– Gross Longs:	107,923	204,514	36,975
– Gross Shorts:	41,888	282,281	25,243
– Long to Short Ratio:	2.6 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.5	40.9	57.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.7	-16.6	29.2

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week was a net position of 106,260 contracts in the data reported through Tuesday. This was a weekly rise of 7,421 contracts from the previous week which had a total of 98,839 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.0 percent. The commercials are Bearish-Extreme with a score of 7.0 percent and the small traders (not shown in chart) are Bullish with a score of 76.0 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.4	43.0	11.0
– Percent of Open Interest Shorts:	5.1	73.4	5.0
– Net Position:	106,260	-132,541	26,281
– Gross Longs:	128,328	187,284	48,040
– Gross Shorts:	22,068	319,825	21,759
– Long to Short Ratio:	5.8 to 1	0.6 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.0	7.0	76.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.5	-10.4	15.6

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week was a net position of 79,809 contracts in the data reported through Tuesday. This was a weekly gain of 14,301 contracts from the previous week which had a total of 65,508 net contracts.

This 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 42.6 percent. The commercials are Bullish with a score of 52.8 percent and the small traders (not shown in chart) are Bullish with a score of 55.7 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.5	36.9	9.9
– Percent of Open Interest Shorts:	14.4	56.2	13.7
– Net Position:	79,809	-66,920	-12,889
– Gross Longs:	129,605	127,373	34,272
– Gross Shorts:	49,796	194,293	47,161
– Long to Short Ratio:	2.6 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.6	52.8	55.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.6	-7.6	-12.2

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week was a net position of 66,642 contracts in the data reported through Tuesday. This was a weekly increase of 7,121 contracts from the previous week which had a total of 59,521 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 79.7 percent. The commercials are Bearish with a score of 25.8 percent and the small traders (not shown in chart) are Bearish with a score of 29.7 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.3	31.9	8.2
– Percent of Open Interest Shorts:	17.2	51.8	12.4
– Net Position:	66,642	-54,973	-11,669
– Gross Longs:	114,130	88,056	22,616
– Gross Shorts:	47,488	143,029	34,285
– 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):	79.7	25.8	29.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.5	-13.3	15.1

COTTON Futures:

The COTTON large speculator standing this week was a net position of 97,210 contracts in the data reported through Tuesday. This was a weekly decline of -1,790 contracts from the previous week which had a total of 99,000 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 Bullish-Extreme with a score of 84.6 percent. The commercials are Bearish-Extreme with a score of 13.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.1 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.1	36.5	7.8
– Percent of Open Interest Shorts:	5.7	77.8	3.0
– Net Position:	97,210	-110,111	12,901
– Gross Longs:	112,341	97,445	20,934
– Gross Shorts:	15,131	207,556	8,033
– Long to Short Ratio:	7.4 to 1	0.5 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.6	13.6	94.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.0	-4.5	8.0

COCOA Futures:

The COCOA large speculator standing this week was a net position of 42,855 contracts in the data reported through Tuesday. This was a weekly rise of 15,093 contracts from the previous week which had a total of 27,762 net contracts.

This 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 62.4 percent. The commercials are Bearish with a score of 36.7 percent and the small traders (not shown in chart) are Bullish with a score of 58.3 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.4	43.7	5.0
– Percent of Open Interest Shorts:	14.3	62.6	3.2
– Net Position:	42,855	-47,234	4,379
– Gross Longs:	78,615	109,531	12,487
– Gross Shorts:	35,760	156,765	8,108
– Long to Short Ratio:	2.2 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.4	36.7	58.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	36.1	-37.8	31.2

WHEAT Futures:

The WHEAT large speculator standing this week was a net position of -3,578 contracts in the data reported through Tuesday. This was a weekly decrease of -3,928 contracts from the previous week which had a total of 350 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.0 percent. The commercials are Bearish with a score of 48.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.6 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.0	39.5	9.5
– Percent of Open Interest Shorts:	27.9	37.4	10.6
– Net Position:	-3,578	7,972	-4,394
– Gross Longs:	103,885	152,212	36,456
– Gross Shorts:	107,463	144,240	40,850
– Long to Short Ratio:	1.0 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.0	48.6	80.6
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.1	6.2	14.8

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

09 Feb

STX, RJF and BX were added to our Stock Market Watchlist in January

The first quarter of 2022 is underway and it is time to highlight some of the top companies that have been analyzed by our QuantStock Fundamental system so far. Topping the list are three well-known companies, one in technology and two from the financial services side of the market with all three companies paying out dividends to investors.

Our QuantStock Fundamental system is a proprietary algorithm that examines each company’s fundamental metrics, trends and overall strength to pinpoint quality companies. We use it as a stock market ideas generator and to update our stock watchlist every quarter. However, be aware the QuantStock Fundamental system does not take into consideration the stock price or technical price trends so one must compare each idea with their current stock prices. Many studies are consistently showing overvalued markets and that always has to be taken into consideration with any stock market idea. As with all investment ideas, past performance does not guarantee future results. Be sure to join our email newsletter for our system updates.

Here we go with our 3 of our Top Stocks we added to our Watchlist from January 1st through January 31st of 2022:

Seagate Technology

Information Technology, Medium Cap, 13.8 P/E, 2.50+ Percent Dividend, Our Grade = B

Seagate Technology (STX) has ascended our grading threshold to be included on the watchlist for the second consecutive quarter. STX is an information technology company headquartered in Ireland that specializes in technology hardware, storage devices and other cloud storage services. Highlighting their fundamental case over the past two quarters has been a rising earning per share (beating expectations three quarters in a row) as well as a rising dividend that is currently above 2.50 percent. On a technical basis, the STX price has been volatile since the beginning of the year like most other tech stocks. STX hit a low share price under $92.00 on January 25th but has rallied since to over $110.00 per share at time of writing.

Raymond James Financial Inc

Financials, Medium Cap, 15.84 P/E, 1.15+ Percent Dividend, Our Grade = B-

Raymond James Financial INC (RJF) is next up and a well known financial company that has also made our watchlist for the second straight quarter. RJF, a medium-cap company ($28+ billion) is headquartered in Florida and provides financial services to investors and corporations throughout the US, Canada and Europe.

RJF currently trades at an approximate 15.5 PE-Ratio and has had higher earnings per share for three straight quarters, beating earnings per share expectations in all three quarters as well. The dividend has continued on a growth path with the current quarterly dividend at approximately 1.15 percent at time of writing.

Technically, the RJF share price has been surging higher recently and currently trading around the $115.00 price point at time of writing. In the short term, the stock is on the higher side of its trading range as evidenced by the ZScore of the 50-day moving average (2.38 standard deviations above the 50-day moving average currently).

Blackstone Inc

Financials, Large Cap, 15.8 P/E, 3.80+ Percent Dividend, Our Grade = C

Blackstone Inc (BX) was added to our watchlist for the first time in January and is a financial large cap company ($154+ billion) located in New York, New York. BX provides global asset management services to investors, pension funds and institutional clients across a broad range of markets including real estate, bonds, equities and various credits. Blackstone’s stock is currently trading at a 15.8 Price/Earnings Ratio and the company has had earnings per share growth each of the past three quarters, beating expectations each time. The dividend has been on an upward trajectory with the current yield surpassing the 3.80 percent threshold at current prices.

Technically, the BX share price has been on the rebound recently after dropping in late January to a low of $101.65. The stock has bounced back strong to a current price of above $130.00 per share and trading right above a support level.

Article by InvestMacro – Be sure to join our stock market newsletter to get our updates and to see more top companies we add to our stock watch list.

Disclaimer: I currently own STX, RJF and BX stock at this time in ETFs and/or Closed-End Funds. I do not own direct shares of these companies at time of writing.

This article and our system grading are for informational and educational purposes only, not a recommendation to buy, sell or hold shares of any particular stock, ETF, company or security. All investors are always strongly advised to conduct their own independent research into any stock, ETF, closed-end fund or any other financial instrument before making an investment decision. Investmacro.com authors are not registered investment advisors, do not make stock market recommendations, do not offer legal advice, do not offer tax advice and cannot be held liable for any losses occurred. All data is thought to be accurate as of time of writing but can and will change over time due to changes in the underlying securities price and data.

CountingPips Forex Blog Opinions QuantStock Stock Market News

05 Feb

COT Forex Speculators reduce their US Dollar bullish bets to 7-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 1st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the decline for the US Dollar Index in the currency futures contracts. Dollar Index speculators cut back on their bullish bets this week for the third time in the past four weeks after previously pushing their bullish bets to a 117-week high on January 4th. Since that high-point, bullish bets have fallen by a total of -4,507 contracts and have now dropped the overall standing to a seven-week low. Despite the recent slide, the US Dollar Index bullish bets are still near the top of their range over the past three years with a speculator strength index score of 85.4 percent which is considered extremely bullish (strength index is the current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme). The Dollar Index price has had a volatile couple of weeks with a sharp rise to 97.22 on January 28th and then a sharp drop to 95.23 on February 3rd and closed the week at approximately 95.48.

The currencies with positive changes this week were the Japanese yen (7,633 contracts), Swiss franc (557 contracts), Canadian dollar (5,947 contracts), Russian ruble (10,207 contracts), Bitcoin (175 contracts), Australian dollar (3,444 contracts) and the Mexican peso (1,520 contracts).

The currencies with declining bets were the US Dollar Index (-2,290 contracts), Euro (-1,844 contracts), British pound sterling (-15,842 contracts), Brazil real (-737 contracts) and the New Zealand dollar (-925 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Feb-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	56,477	81	34,571	85	-41,884	5	7,313	97
EUR	685,431	78	29,716	44	-57,467	59	27,751	20
GBP	184,007	28	-23,605	57	28,891	47	-5,286	45
JPY	194,435	51	-60,640	30	79,353	76	-18,713	9
CHF	41,054	16	-8,239	56	16,541	49	-8,302	39
CAD	145,082	27	18,264	65	-25,622	39	7,358	44
AUD	196,913	80	-79,829	11	96,098	91	-16,269	13
NZD	58,467	60	-11,698	52	14,019	52	-2,321	25
MXN	141,352	22	730	28	-3,848	71	3,118	56
RUB	46,358	47	14,151	47	-14,451	52	300	43
BRL	76,175	100	-13,353	51	10,467	47	2,886	100
Bitcoin	9,948	51	141	100	-491	0	350	21

US Dollar Index Futures:

The US Dollar Index large speculator standing this week resulted in a net position of 34,571 contracts in the data reported through Tuesday. This was a weekly decrease of -2,290 contracts from the previous week which had a total of 36,861 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.4 percent. The commercials are Bearish-Extreme with a score of 5.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 96.5 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.7	3.8	16.3
– Percent of Open Interest Shorts:	16.5	78.0	3.3
– Net Position:	34,571	-41,884	7,313
– Gross Longs:	43,897	2,141	9,203
– Gross Shorts:	9,326	44,025	1,890
– Long to Short Ratio:	4.7 to 1	0.0 to 1	4.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	85.4	5.0	96.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.9	-2.6	22.9

Euro Currency Futures:

The Euro Currency large speculator standing this week resulted in a net position of 29,716 contracts in the data reported through Tuesday. This was a weekly fall of -1,844 contracts from the previous week which had a total of 31,560 net contracts.

This 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 44.1 percent. The commercials are Bullish with a score of 59.5 percent and the small traders (not shown in chart) are Bearish with a score of 20.4 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.2	55.0	12.2
– Percent of Open Interest Shorts:	26.8	63.4	8.2
– Net Position:	29,716	-57,467	27,751
– Gross Longs:	213,563	376,805	83,675
– Gross Shorts:	183,847	434,272	55,924
– Long to Short Ratio:	1.2 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.1	59.5	20.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.2	-11.8	3.2

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week resulted in a net position of -23,605 contracts in the data reported through Tuesday. This was a weekly decline of -15,842 contracts from the previous week which had a total of -7,763 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.0 percent. The commercials are Bearish with a score of 46.8 percent and the small traders (not shown in chart) are Bearish with a score of 44.7 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.1	68.8	13.5
– Percent of Open Interest Shorts:	28.9	53.1	16.4
– Net Position:	-23,605	28,891	-5,286
– Gross Longs:	29,597	126,536	24,845
– Gross Shorts:	53,202	97,645	30,131
– Long to Short Ratio:	0.6 to 1	1.3 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.0	46.8	44.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.6	-25.0	16.9

Japanese Yen Futures:

The Japanese Yen large speculator standing this week resulted in a net position of -60,640 contracts in the data reported through Tuesday. This was a weekly rise of 7,633 contracts from the previous week which had a total of -68,273 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.7 percent. The commercials are Bullish with a score of 75.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.3 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.5	82.5	8.2
– Percent of Open Interest Shorts:	38.7	41.7	17.8
– Net Position:	-60,640	79,353	-18,713
– Gross Longs:	14,510	160,358	15,958
– Gross Shorts:	75,150	81,005	34,671
– Long to Short Ratio:	0.2 to 1	2.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.7	75.6	9.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.3	4.1	0.3

Swiss Franc Futures:

The Swiss Franc large speculator standing this week resulted in a net position of -8,239 contracts in the data reported through Tuesday. This was a weekly boost of 557 contracts from the previous week which had a total of -8,796 net contracts.

This 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 49.4 percent and the small traders (not shown in chart) are Bearish with a score of 38.9 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	1.7	73.5	24.6
– Percent of Open Interest Shorts:	21.8	33.2	44.8
– Net Position:	-8,239	16,541	-8,302
– Gross Longs:	698	30,161	10,103
– Gross Shorts:	8,937	13,620	18,405
– Long to Short Ratio:	0.1 to 1	2.2 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.6	49.4	38.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	0.7	-4.6

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week resulted in a net position of 18,264 contracts in the data reported through Tuesday. This was a weekly gain of 5,947 contracts from the previous week which had a total of 12,317 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.4 percent. The commercials are Bearish with a score of 39.4 percent and the small traders (not shown in chart) are Bearish with a score of 44.4 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.1	39.6	21.6
– Percent of Open Interest Shorts:	23.5	57.3	16.5
– Net Position:	18,264	-25,622	7,358
– Gross Longs:	52,386	57,524	31,356
– Gross Shorts:	34,122	83,146	23,998
– Long to Short Ratio:	1.5 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.4	39.4	44.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.3	-22.9	9.8

Australian Dollar Futures:

The Australian Dollar large speculator standing this week resulted in a net position of -79,829 contracts in the data reported through Tuesday. This was a weekly advance of 3,444 contracts from the previous week which had a total of -83,273 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.8 percent. The commercials are Bullish-Extreme with a score of 90.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.8 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.6	78.8	9.2
– Percent of Open Interest Shorts:	50.1	30.0	17.5
– Net Position:	-79,829	96,098	-16,269
– Gross Longs:	18,835	155,124	18,128
– Gross Shorts:	98,664	59,026	34,397
– Long to Short Ratio:	0.2 to 1	2.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.8	90.6	12.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.5	-1.4	3.4

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week resulted in a net position of -11,698 contracts in the data reported through Tuesday. This was a weekly decrease of -925 contracts from the previous week which had a total of -10,773 net contracts.

This 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 Bullish with a score of 52.0 percent and the small traders (not shown in chart) are Bearish with a score of 25.3 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.8	61.0	4.8
– Percent of Open Interest Shorts:	52.9	37.0	8.7
– Net Position:	-11,698	14,019	-2,321
– Gross Longs:	19,205	35,644	2,783
– Gross Shorts:	30,903	21,625	5,104
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.6	52.0	25.3
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.3	7.9	4.7

Mexican Peso Futures:

The Mexican Peso large speculator standing this week resulted in a net position of 730 contracts in the data reported through Tuesday. This was a weekly increase of 1,520 contracts from the previous week which had a total of -790 net contracts.

This 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 27.7 percent. The commercials are Bullish with a score of 71.2 percent and the small traders (not shown in chart) are Bullish with a score of 56.2 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	38.0	57.2	4.5
– Percent of Open Interest Shorts:	37.5	59.9	2.3
– Net Position:	730	-3,848	3,118
– Gross Longs:	53,767	80,885	6,378
– Gross Shorts:	53,037	84,733	3,260
– Long to Short Ratio:	1.0 to 1	1.0 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	27.7	71.2	56.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.4	-4.3	20.0

Brazilian Real Futures:

The Brazilian Real large speculator standing this week resulted in a net position of -13,353 contracts in the data reported through Tuesday. This was a weekly decline of -737 contracts from the previous week which had a total of -12,616 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.8 percent. The commercials are Bearish with a score of 47.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	47.6	46.3	6.0
– Percent of Open Interest Shorts:	65.2	32.6	2.2
– Net Position:	-13,353	10,467	2,886
– Gross Longs:	36,293	35,263	4,562
– Gross Shorts:	49,646	24,796	1,676
– Long to Short Ratio:	0.7 to 1	1.4 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.8	47.4	100.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.1	4.3	42.4

Russian Ruble Futures:

The Russian Ruble large speculator standing this week resulted in a net position of 14,151 contracts in the data reported through Tuesday. This was a weekly lift of 10,207 contracts from the previous week which had a total of 3,944 net contracts.

This 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 52.4 percent and the small traders (not shown in chart) are Bearish with a score of 42.7 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	54.0	41.5	4.4
– Percent of Open Interest Shorts:	23.5	72.7	3.7
– Net Position:	14,151	-14,451	300
– Gross Longs:	25,048	19,255	2,024
– Gross Shorts:	10,897	33,706	1,724
– Long to Short Ratio:	2.3 to 1	0.6 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	46.9	52.4	42.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.1	-10.5	-26.0

Bitcoin Futures:

The Bitcoin large speculator standing this week resulted in a net position of 141 contracts in the data reported through Tuesday. This was a weekly advance of 175 contracts from the previous week which had a total of -34 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish with a score of 20.9 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.3	3.1	12.4
– Percent of Open Interest Shorts:	78.8	8.0	8.9
– Net Position:	141	-491	350
– Gross Longs:	7,984	304	1,232
– Gross Shorts:	7,843	795	882
– Long to Short Ratio:	1.0 to 1	0.4 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	20.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.4	-43.4	-11.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

05 Feb

COT Bonds Speculators raise their 2-Year Treasury bullish bets

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

Highlighting the COT bonds data is the continued rise in the 2-Year Bond futures bets. Speculative positions rose this week following two weekly decreases and this week’s gain brings the current standing to the highest level in the past four weeks. Overall, the 2-Year bond speculator bets have now been in bullish territory for ten consecutive weeks which marks the longest streak since the fall of 2016 when bullish bets also ran off a ten-week streak. The bullishness has pushed the 2-Year into an extreme bullish speculator strength reading of 91.9 percent (current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme). Despite the speculator sentiment, the 2-Year price has been falling sharply (in tandem with other US bonds) as the US Federal Reserve is getting ready to raise their benchmark interest rate, most likely in the March Fed meeting.

Joining the 2-Year Bond (15,597 contracts) in gaining this week are Eurodollar (11,828 contracts), Long US Bond (27,547 contracts), 5-Year (19,933 contracts), Ultra US Bond (9,652 contracts) while decreasing bets for the week were seen in 10-Year (-10,219 contracts), Ultra 10-Year (-16,826 contracts) and the Fed Funds (-16,837 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Feb-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	11,123,574	47	-2,109,476	0	2,550,374	100	-440,898	7
FedFunds	1,705,691	52	32,600	44	-9,177	59	-23,423	4
2-Year	2,270,248	19	47,474	92	53,949	32	-101,423	0
Long T-Bond	1,195,554	48	-36,548	80	57,497	38	-20,949	36
10-Year	3,932,501	60	-274,875	30	563,801	92	-288,926	11
5-Year	4,019,069	49	-120,524	61	406,878	67	-286,354	2

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week reached a net position of -2,109,476 contracts in the data reported through Tuesday. This was a weekly boost of 11,828 contracts from the previous week which had a total of -2,121,304 net contracts.

This 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 0.3 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 7.4 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.0	75.1	4.1
– Percent of Open Interest Shorts:	24.9	52.2	8.0
– Net Position:	-2,109,476	2,550,374	-440,898
– Gross Longs:	665,466	8,353,027	453,692
– Gross Shorts:	2,774,942	5,802,653	894,590
– 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):	0.3	100.0	7.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.3	7.9	-20.1

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week reached a net position of 32,600 contracts in the data reported through Tuesday. This was a weekly lowering of -16,837 contracts from the previous week which had a total of 49,437 net contracts.

This 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 43.6 percent. The commercials are Bullish with a score of 58.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 3.9 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.5	73.5	1.0
– Percent of Open Interest Shorts:	7.6	74.0	2.4
– Net Position:	32,600	-9,177	-23,423
– Gross Longs:	161,828	1,253,476	17,450
– Gross Shorts:	129,228	1,262,653	40,873
– Long to Short Ratio:	1.3 to 1	1.0 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	43.6	58.8	3.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.1	-14.1	-15.3

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week reached a net position of 47,474 contracts in the data reported through Tuesday. This was a weekly lift of 15,597 contracts from the previous week which had a total of 31,877 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.9 percent. The commercials are Bearish with a score of 31.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.2	68.5	5.3
– Percent of Open Interest Shorts:	19.2	66.1	9.8
– Net Position:	47,474	53,949	-101,423
– Gross Longs:	482,369	1,554,103	121,006
– Gross Shorts:	434,895	1,500,154	222,429
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.9	31.6	0.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.4	14.1	-14.4

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week reached a net position of -120,524 contracts in the data reported through Tuesday. This was a weekly increase of 19,933 contracts from the previous week which had a total of -140,457 net contracts.

This 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 60.6 percent. The commercials are Bullish with a score of 67.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 2.5 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.8	78.8	6.3
– Percent of Open Interest Shorts:	14.8	68.7	13.4
– Net Position:	-120,524	406,878	-286,354
– Gross Longs:	474,899	3,168,640	252,758
– Gross Shorts:	595,423	2,761,762	539,112
– 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):	60.6	67.0	2.5
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	41.2	-24.4	-10.3

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week reached a net position of -274,875 contracts in the data reported through Tuesday. This was a weekly decline of -10,219 contracts from the previous week which had a total of -264,656 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.7 percent. The commercials are Bullish-Extreme with a score of 92.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.4 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.5	77.1	7.5
– Percent of Open Interest Shorts:	18.5	62.8	14.9
– Net Position:	-274,875	563,801	-288,926
– Gross Longs:	450,760	3,033,059	296,745
– Gross Shorts:	725,635	2,469,258	585,671
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.7	92.3	11.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.9	-1.1	-12.9

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week reached a net position of 77,506 contracts in the data reported through Tuesday. This was a weekly lowering of -16,826 contracts from the previous week which had a total of 94,332 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 Bearish with a score of 48.2 percent. The commercials are Bullish with a score of 71.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.5 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.3	71.3	8.0
– Percent of Open Interest Shorts:	13.7	64.2	20.6
– Net Position:	77,506	97,031	-174,537
– Gross Longs:	265,490	980,592	109,597
– Gross Shorts:	187,984	883,561	284,134
– Long to Short Ratio:	1.4 to 1	1.1 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	48.2	71.5	10.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.8	15.5	-13.2

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week reached a net position of -36,548 contracts in the data reported through Tuesday. This was a weekly boost of 27,547 contracts from the previous week which had a total of -64,095 net contracts.

This 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 80.3 percent. The commercials are Bearish with a score of 38.4 percent and the small traders (not shown in chart) are Bearish with a score of 36.0 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.7	74.5	13.9
– Percent of Open Interest Shorts:	12.8	69.7	15.7
– Net Position:	-36,548	57,497	-20,949
– Gross Longs:	116,194	890,253	166,280
– Gross Shorts:	152,742	832,756	187,229
– 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):	80.3	38.4	36.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.2	14.5	-35.7

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week reached a net position of -333,593 contracts in the data reported through Tuesday. This was a weekly increase of 9,652 contracts from the previous week which had a total of -343,245 net contracts.

This 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 49.1 percent. The commercials are Bullish with a score of 66.0 percent and the small traders (not shown in chart) are Bearish with a score of 46.2 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.5	81.8	11.8
– Percent of Open Interest Shorts:	31.5	57.8	9.9
– Net Position:	-333,593	308,562	25,031
– Gross Longs:	71,243	1,051,201	152,226
– Gross Shorts:	404,836	742,639	127,195
– 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):	49.1	66.0	46.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.7	21.4	-5.4

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

05 Feb

COT Metals Speculators cut their Gold bullish bets by most in past 146 weeks

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

Highlighting the COT metals data is this week’s sharp decline in the Gold futures bets. The speculative net position in the Gold futures dropped by -48,009 contracts this week, marking the largest one-week decline in the past one-hundred and forty-six weeks, dating back to April 16th of 2019 when speculator bets fell by -49,091 contracts. The steep drop this week knocked the current speculator standing down to the lowest level since September 28th. Gold prices have been consolidating in a triangle pattern right around the major support/resistance level of $1800.

Joining Gold (-48,009 contracts) in falling this week were Silver (-10,023 contracts) and Copper (-10,326 contracts) while Platinum (789 contracts) and Palladium (996 contracts) had position rises this week.

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,093,735	35	368,904	27	-414,658	63	45,754	79
Gold	515,331	23	172,142	43	-201,342	56	29,200	47
Silver	149,136	15	22,118	44	-35,263	64	13,145	19
Copper	198,437	25	16,155	54	-21,053	45	4,898	54
Palladium	7,853	6	-992	15	965	83	27	46
Platinum	53,898	11	14,581	23	-19,786	81	5,205	35
Natural Gas	1,162,813	12	-120,010	43	90,241	59	29,769	54
Brent	203,928	42	-18,920	86	15,734	15	3,186	52
Heating Oil	347,383	30	15,683	65	-43,137	25	27,454	93
Soybeans	796,285	44	193,373	78	-155,577	29	-37,796	9
Corn	1,568,959	33	455,220	88	-407,663	14	-47,557	16
Coffee	274,865	40	61,378	93	-65,365	9	3,987	16
Sugar	897,035	17	93,593	56	-117,500	46	23,907	37
Wheat	391,162	29	350	47	5,100	46	-5,450	76

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week equaled a net position of 172,142 contracts in the data reported through Tuesday. This was a weekly decrease of -48,009 contracts from the previous week which had a total of 220,151 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 42.6 percent. The commercials are Bullish with a score of 56.1 percent and the small traders (not shown in chart) are Bearish with a score of 47.1 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.6	24.8	9.1
– Percent of Open Interest Shorts:	20.2	63.8	3.4
– Net Position:	172,142	-201,342	29,200
– Gross Longs:	275,994	127,633	46,819
– Gross Shorts:	103,852	328,975	17,619
– Long to Short Ratio:	2.7 to 1	0.4 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.6	56.1	47.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.6	10.6	-2.9

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week equaled a net position of 22,118 contracts in the data reported through Tuesday. This was a weekly decrease of -10,023 contracts from the previous week which had a total of 32,141 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 Bearish with a score of 44.4 percent. The commercials are Bullish with a score of 64.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.4 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.7	35.5	16.5
– Percent of Open Interest Shorts:	25.9	59.2	7.7
– Net Position:	22,118	-35,263	13,145
– Gross Longs:	60,723	52,970	24,681
– Gross Shorts:	38,605	88,233	11,536
– Long to Short Ratio:	1.6 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.4	64.3	19.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.2	1.1	-13.6

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week equaled a net position of 16,155 contracts in the data reported through Tuesday. This was a weekly decrease of -10,326 contracts from the previous week which had a total of 26,481 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.0 percent. The commercials are Bearish with a score of 45.0 percent and the small traders (not shown in chart) are Bullish with a score of 53.6 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.8	42.6	8.3
– Percent of Open Interest Shorts:	26.6	53.2	5.9
– Net Position:	16,155	-21,053	4,898
– Gross Longs:	68,984	84,446	16,522
– Gross Shorts:	52,829	105,499	11,624
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.0	45.0	53.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.4	-7.7	-2.6

Platinum Futures:

The Platinum Futures large speculator standing this week equaled a net position of 14,581 contracts in the data reported through Tuesday. This was a weekly increase of 789 contracts from the previous week which had a total of 13,792 net contracts.

This 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 23.4 percent. The commercials are Bullish-Extreme with a score of 80.7 percent and the small traders (not shown in chart) are Bearish with a score of 34.6 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	52.3	30.2	14.9
– Percent of Open Interest Shorts:	25.2	66.9	5.2
– Net Position:	14,581	-19,786	5,205
– Gross Longs:	28,171	16,293	8,031
– Gross Shorts:	13,590	36,079	2,826
– Long to Short Ratio:	2.1 to 1	0.5 to 1	2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	23.4	80.7	34.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.2	-17.3	-17.4

Palladium Futures:

The Palladium Futures large speculator standing this week equaled a net position of -992 contracts in the data reported through Tuesday. This was a weekly gain of 996 contracts from the previous week which had a total of -1,988 net contracts.

This 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 15.2 percent. The commercials are Bullish-Extreme with a score of 83.1 percent and the small traders (not shown in chart) are Bearish with a score of 46.2 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.7	50.2	16.4
– Percent of Open Interest Shorts:	40.3	37.9	16.1
– Net Position:	-992	965	27
– Gross Longs:	2,172	3,943	1,291
– Gross Shorts:	3,164	2,978	1,264
– Long to Short Ratio:	0.7 to 1	1.3 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.2	83.1	46.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.5	-16.2	22.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

05 Feb

COT Energy Speculators push RBOB Gasoline Futures bullish bets to 51-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 1st 2022 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT energy data is the increase in the RBOB Gasoline futures bets. The speculative net position in the Gasoline futures rose this week for the second time in three weeks and for the eighth time in the past twelve weeks. This bullishness has pushed speculator bets to the highest level in approximately one year, dating back to February 9th of 2021. The RBOB Gasoline futures price has also been on a strong uptrend with prices hitting their highest levels since 2014 this week.

Joining Gasoline (5,747 contracts) in gaining this week were Brent Crude Oil (7,016 contracts) and Natural Gas (4,525 contracts) while WTI Crude Oil (-4,511 contracts), Heating Oil (-2,317 contracts) and the Bloomberg Commodity Index (-798 contracts) had lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,093,735	35	368,904	27	-414,658	63	45,754	79
Gold	515,331	23	172,142	43	-201,342	56	29,200	47
Silver	149,136	15	22,118	44	-35,263	64	13,145	19
Copper	198,437	25	16,155	54	-21,053	45	4,898	54
Palladium	7,853	6	-992	15	965	83	27	46
Platinum	53,898	11	14,581	23	-19,786	81	5,205	35
Natural Gas	1,162,813	12	-120,010	43	90,241	59	29,769	54
Brent	203,928	42	-18,920	86	15,734	15	3,186	52
Heating Oil	347,383	30	15,683	65	-43,137	25	27,454	93
Soybeans	796,285	44	193,373	78	-155,577	29	-37,796	9
Corn	1,568,959	33	455,220	88	-407,663	14	-47,557	16
Coffee	274,865	40	61,378	93	-65,365	9	3,987	16
Sugar	897,035	17	93,593	56	-117,500	46	23,907	37
Wheat	391,162	29	350	47	5,100	46	-5,450	76

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week recorded a net position of 368,904 contracts in the data reported through Tuesday. This was a weekly decrease of -4,511 contracts from the previous week which had a total of 373,415 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 26.8 percent. The commercials are Bullish with a score of 62.6 percent and the small traders (not shown in chart) are Bullish with a score of 79.5 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.3	34.4	4.8
– Percent of Open Interest Shorts:	5.7	54.2	2.6
– Net Position:	368,904	-414,658	45,754
– Gross Longs:	487,606	719,202	99,747
– Gross Shorts:	118,702	1,133,860	53,993
– Long to Short Ratio:	4.1 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	26.8	62.6	79.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.5	-12.5	14.4

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week recorded a net position of -18,920 contracts in the data reported through Tuesday. This was a weekly rise of 7,016 contracts from the previous week which had a total of -25,936 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 86.1 percent. The commercials are Bearish-Extreme with a score of 15.3 percent and the small traders (not shown in chart) are Bullish with a score of 52.3 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.9	45.3	4.2
– Percent of Open Interest Shorts:	28.1	37.6	2.7
– Net Position:	-18,920	15,734	3,186
– Gross Longs:	38,465	92,453	8,604
– Gross Shorts:	57,385	76,719	5,418
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.1	15.3	52.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.1	-11.3	5.5

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week recorded a net position of -120,010 contracts in the data reported through Tuesday. This was a weekly lift of 4,525 contracts from the previous week which had a total of -124,535 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.6 percent. The commercials are Bullish with a score of 59.3 percent and the small traders (not shown in chart) are Bullish with a score of 54.4 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.9	40.9	4.8
– Percent of Open Interest Shorts:	31.2	33.2	2.2
– Net Position:	-120,010	90,241	29,769
– Gross Longs:	242,699	475,989	55,775
– Gross Shorts:	362,709	385,748	26,006
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.6	59.3	54.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.4	-6.1	-4.8

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week recorded a net position of 65,352 contracts in the data reported through Tuesday. This was a weekly advance of 5,747 contracts from the previous week which had a total of 59,605 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 Bearish with a score of 36.6 percent. The commercials are Bullish with a score of 60.4 percent and the small traders (not shown in chart) are Bullish with a score of 78.7 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.6	47.2	6.8
– Percent of Open Interest Shorts:	11.8	68.0	3.7
– Net Position:	65,352	-76,584	11,232
– Gross Longs:	108,823	173,465	24,970
– Gross Shorts:	43,471	250,049	13,738
– Long to Short Ratio:	2.5 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	36.6	60.4	78.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.3	-12.7	44.7

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week recorded a net position of 15,683 contracts in the data reported through Tuesday. This was a weekly fall of -2,317 contracts from the previous week which had a total of 18,000 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 Bullish with a score of 65.5 percent. The commercials are Bearish with a score of 25.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 93.5 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.7	47.9	14.7
– Percent of Open Interest Shorts:	14.1	60.4	6.8
– Net Position:	15,683	-43,137	27,454
– Gross Longs:	64,794	166,544	51,101
– Gross Shorts:	49,111	209,681	23,647
– Long to Short Ratio:	1.3 to 1	0.8 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.5	25.3	93.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.9	-23.5	39.1

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week recorded a net position of -14,898 contracts in the data reported through Tuesday. This was a weekly decrease of -798 contracts from the previous week which had a total of -14,100 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.5 percent. The commercials are Bearish with a score of 48.1 percent and the small traders (not shown in chart) are Bearish with a score of 43.0 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	66.0	30.3	1.4
– Percent of Open Interest Shorts:	96.4	1.2	0.1
– Net Position:	-14,898	14,237	661
– Gross Longs:	32,278	14,837	690
– Gross Shorts:	47,176	600	29
– Long to Short Ratio:	0.7 to 1	24.7 to 1	23.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.5	48.1	43.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.8	18.1	7.6

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

05 Feb

COT Soft Commodities Speculators push Soybean bullish bets to 33-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 1st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT soft commodities data is the gains in Soybeans futures bets. The speculative net position in the Soybeans futures jumped this week by +44,501 contracts, the largest one-week gain in the past seventy-four weeks, dating back to September of 2020. Speculators have been boosting their Soybeans positions higher as bullish bets have risen for two straight weeks and in ten out of the past twelve weeks. The speculator standing has ascended to the highest total of the past thirty-three weeks and on the cusp of an extreme bullish reading (78.1%) for speculators (current spec level compared to past three years of data where above 80% is extreme bullish and below 20% is extreme bearish).

The soft commodities that saw higher bets this week were Corn (16,122 contracts), Soybeans (44,501 contracts), Soybean Oil (5,938 contracts), Soybean Meal (19,821 contracts), Live Cattle (16,867 contracts), Lean Hogs (1,475 contracts) and Cotton (5,213 contracts).

The markets with lower speculator bets were Sugar (-27,690 contracts), Coffee (-265 contracts), Cocoa (-858 contracts), and Wheat (-11,311 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Feb-01-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,093,735	35	368,904	27	-414,658	63	45,754	79
Gold	515,331	23	172,142	43	-201,342	56	29,200	47
Silver	149,136	15	22,118	44	-35,263	64	13,145	19
Copper	198,437	25	16,155	54	-21,053	45	4,898	54
Palladium	7,853	6	-992	15	965	83	27	46
Platinum	53,898	11	14,581	23	-19,786	81	5,205	35
Natural Gas	1,162,813	12	-120,010	43	90,241	59	29,769	54
Brent	203,928	42	-18,920	86	15,734	15	3,186	52
Heating Oil	347,383	30	15,683	65	-43,137	25	27,454	93
Soybeans	796,285	44	193,373	78	-155,577	29	-37,796	9
Corn	1,568,959	33	455,220	88	-407,663	14	-47,557	16
Coffee	274,865	40	61,378	93	-65,365	9	3,987	16
Sugar	897,035	17	93,593	56	-117,500	46	23,907	37
Wheat	391,162	29	350	47	5,100	46	-5,450	76

CORN Futures:

The CORN large speculator standing this week came in at a net position of 455,220 contracts in the data reported through Tuesday. This was a weekly rise of 16,122 contracts from the previous week which had a total of 439,098 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 88.2 percent. The commercials are Bearish-Extreme with a score of 13.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.7 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.9	43.3	9.0
– Percent of Open Interest Shorts:	5.9	69.3	12.0
– Net Position:	455,220	-407,663	-47,557
– Gross Longs:	547,596	679,215	140,463
– Gross Shorts:	92,376	1,086,878	188,020
– Long to Short Ratio:	5.9 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	88.2	13.9	15.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.3	-0.9	-2.0

SUGAR Futures:

The SUGAR large speculator standing this week came in at a net position of 93,593 contracts in the data reported through Tuesday. This was a weekly fall of -27,690 contracts from the previous week which had a total of 121,283 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.9 percent. The commercials are Bearish with a score of 45.9 percent and the small traders (not shown in chart) are Bearish with a score of 37.4 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.2	55.9	8.9
– Percent of Open Interest Shorts:	9.8	69.0	6.2
– Net Position:	93,593	-117,500	23,907
– Gross Longs:	181,186	501,416	79,413
– Gross Shorts:	87,593	618,916	55,506
– Long to Short Ratio:	2.1 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.9	45.9	37.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.6	17.7	2.9

COFFEE Futures:

The COFFEE large speculator standing this week came in at a net position of 61,378 contracts in the data reported through Tuesday. This was a weekly decline of -265 contracts from the previous week which had a total of 61,643 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 93.2 percent. The commercials are Bearish-Extreme with a score of 8.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.9 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.3	42.7	4.1
– Percent of Open Interest Shorts:	5.0	66.5	2.6
– Net Position:	61,378	-65,365	3,987
– Gross Longs:	75,016	117,397	11,261
– Gross Shorts:	13,638	182,762	7,274
– Long to Short Ratio:	5.5 to 1	0.6 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	93.2	8.6	15.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.8	-5.8	14.8

SOYBEANS Futures:

The SOYBEANS large speculator standing this week came in at a net position of 193,373 contracts in the data reported through Tuesday. This was a weekly rise of 44,501 contracts from the previous week which had a total of 148,872 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.1 percent. The commercials are Bearish with a score of 29.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.0 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.6	47.0	6.4
– Percent of Open Interest Shorts:	5.3	66.5	11.1
– Net Position:	193,373	-155,577	-37,796
– Gross Longs:	235,972	374,270	50,921
– Gross Shorts:	42,599	529,847	88,717
– Long to Short Ratio:	5.5 to 1	0.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.1	29.2	9.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.3	-19.6	-12.1

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week came in at a net position of 74,410 contracts in the data reported through Tuesday. This was a weekly gain of 5,938 contracts from the previous week which had a total of 68,472 net contracts.

This 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 64.0 percent. The commercials are Bearish with a score of 36.5 percent and the small traders (not shown in chart) are Bullish with a score of 58.9 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.6	45.6	8.5
– Percent of Open Interest Shorts:	8.7	65.3	5.8
– Net Position:	74,410	-86,588	12,178
– Gross Longs:	112,593	200,533	37,458
– Gross Shorts:	38,183	287,121	25,280
– 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):	64.0	36.5	58.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.3	-23.7	49.6

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week came in at a net position of 98,839 contracts in the data reported through Tuesday. This was a weekly advance of 19,821 contracts from the previous week which had a total of 79,018 net contracts.

This 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 86.7 percent. The commercials are Bearish-Extreme with a score of 10.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.3 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.1	44.3	11.9
– Percent of Open Interest Shorts:	4.3	74.8	5.1
– Net Position:	98,839	-126,965	28,126
– Gross Longs:	116,823	184,206	49,421
– Gross Shorts:	17,984	311,171	21,295
– Long to Short Ratio:	6.5 to 1	0.6 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.7	10.2	83.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.9	-14.4	27.2

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week came in at a net position of 65,508 contracts in the data reported through Tuesday. This was a weekly increase of 16,867 contracts from the previous week which had a total of 48,641 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.0 percent. The commercials are Bullish with a score of 60.5 percent and the small traders (not shown in chart) are Bullish with a score of 67.7 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.5	38.1	10.7
– Percent of Open Interest Shorts:	15.9	55.3	13.1
– Net Position:	65,508	-57,535	-7,973
– Gross Longs:	118,790	127,335	35,671
– Gross Shorts:	53,282	184,870	43,644
– Long to Short Ratio:	2.2 to 1	0.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	33.0	60.5	67.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.6	0.1	1.6

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week came in at a net position of 59,521 contracts in the data reported through Tuesday. This was a weekly boost of 1,475 contracts from the previous week which had a total of 58,046 net contracts.

This 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 72.7 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 26.6 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.7	33.5	8.5
– Percent of Open Interest Shorts:	16.6	51.7	13.2
– Net Position:	59,521	-47,148	-12,373
– Gross Longs:	102,573	86,681	21,898
– Gross Shorts:	43,052	133,829	34,271
– Long to Short Ratio:	2.4 to 1	0.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	72.7	33.8	26.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.4	-8.3	15.6

COTTON Futures:

The COTTON large speculator standing this week came in at a net position of 99,000 contracts in the data reported through Tuesday. This was a weekly gain of 5,213 contracts from the previous week which had a total of 93,787 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.8 percent. The commercials are Bearish-Extreme with a score of 13.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 89.1 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.6	33.5	7.8
– Percent of Open Interest Shorts:	5.7	76.1	3.2
– Net Position:	99,000	-111,100	12,100
– Gross Longs:	113,867	87,358	20,428
– Gross Shorts:	14,867	198,458	8,328
– Long to Short Ratio:	7.7 to 1	0.4 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	85.8	13.0	89.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.2	-7.6	10.8

COCOA Futures:

The COCOA large speculator standing this week came in at a net position of 27,762 contracts in the data reported through Tuesday. This was a weekly lowering of -858 contracts from the previous week which had a total of 28,620 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.6 percent. The commercials are Bullish with a score of 50.9 percent and the small traders (not shown in chart) are Bearish with a score of 49.3 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.1	46.8	5.2
– Percent of Open Interest Shorts:	15.6	59.8	3.7
– Net Position:	27,762	-31,350	3,588
– Gross Longs:	65,259	112,462	12,556
– Gross Shorts:	37,497	143,812	8,968
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	48.6	50.9	49.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.7	-25.7	20.0

WHEAT Futures:

The WHEAT large speculator standing this week came in at a net position of 350 contracts in the data reported through Tuesday. This was a weekly decline of -11,311 contracts from the previous week which had a total of 11,661 net contracts.

This 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 47.3 percent. The commercials are Bearish with a score of 45.8 percent and the small traders (not shown in chart) are Bullish with a score of 75.5 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.0	38.3	8.6
– Percent of Open Interest Shorts:	26.9	37.0	10.0
– Net Position:	350	5,100	-5,450
– Gross Longs:	105,427	149,988	33,576
– Gross Shorts:	105,077	144,888	39,026
– Long to Short Ratio:	1.0 to 1	1.0 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.3	45.8	75.5
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.5	6.5	9.9

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

29 Jan

COT Euro Currency Speculators boosted their bullish bets to 23-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 January 25th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the further gains of bullish bets in the Euro currency futures contracts. Euro speculators raised their bullish bets for a sixth consecutive week this week and for the seventh time in the past eight weeks. Over the last six-week time-frame, Euro bets have improved by a total of +43,439 contracts, going from -11,879 net positions on December 14th to +31,560 net positions this week. This week’s net speculator standing marks the highest level for Euro bets since August 17th, a span of twenty-three weeks.

Joining the Euro (6,976 contracts) with positive changes this week were the yen (12,606 contracts), US Dollar Index (427 contracts), Australian dollar (5,181 contracts), Swiss franc (2,014 contracts), Canadian dollar (4,825 contracts) and Bitcoin (515 contracts).

The currencies with declining bets were the British pound sterling (-7,516 contracts), New Zealand dollar (-2,442 contracts), Brazil real (-1,247 contracts), Russian ruble (-2,478 contracts) and the Mexican peso (-5,710 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Jan-25-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	52,328	72	36,861	89	-42,505	4	5,644	78
EUR	682,952	77	31,560	45	-56,258	60	24,698	15
GBP	182,040	27	-7,763	68	16,842	40	-9,079	37
JPY	197,830	53	-68,273	25	82,863	77	-14,590	18
CHF	39,742	14	-8,796	55	13,479	46	-4,683	50
CAD	146,448	28	12,317	60	-19,581	44	7,264	44
AUD	190,020	75	-83,273	8	97,749	92	-14,476	17
NZD	53,316	50	-10,773	53	13,281	51	-2,508	23
MXN	150,142	26	-790	27	-1,478	72	2,268	53
RUB	46,883	48	3,944	23	-4,288	76	344	44
BRL	46,657	54	-12,616	52	11,258	48	1,358	83
Bitcoin	11,756	64	-34	100	-478	0	512	25

US Dollar Index Futures:

The US Dollar Index large speculator standing this week resulted in a net position of 36,861 contracts in the data reported through Tuesday. This was a weekly rise of 427 contracts from the previous week which had a total of 36,434 net contracts.

This 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 89.4 percent. The commercials are Bearish-Extreme with a score of 4.0 percent and the small traders (not shown in chart) are Bullish with a score of 78.3 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	79.8	3.4	14.6
– Percent of Open Interest Shorts:	9.4	84.6	3.8
– Net Position:	36,861	-42,505	5,644
– Gross Longs:	41,772	1,777	7,658
– Gross Shorts:	4,911	44,282	2,014
– Long to Short Ratio:	8.5 to 1	0.0 to 1	3.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	89.4	4.0	78.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.7	-9.8	3.0

Euro Currency Futures:

The Euro Currency large speculator standing this week resulted in a net position of 31,560 contracts in the data reported through Tuesday. This was a weekly rise of 6,976 contracts from the previous week which had a total of 24,584 net contracts.

This 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 44.7 percent. The commercials are Bullish with a score of 59.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.3 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.2	55.5	11.6
– Percent of Open Interest Shorts:	26.6	63.8	8.0
– Net Position:	31,560	-56,258	24,698
– Gross Longs:	213,408	379,154	79,273
– Gross Shorts:	181,848	435,412	54,575
– Long to Short Ratio:	1.2 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.7	59.8	15.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.3	-11.2	-6.2

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week resulted in a net position of -7,763 contracts in the data reported through Tuesday. This was a weekly lowering of -7,516 contracts from the previous week which had a total of -247 net contracts.

This 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 68.4 percent. The commercials are Bearish with a score of 39.6 percent and the small traders (not shown in chart) are Bearish with a score of 36.8 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.1	64.7	13.7
– Percent of Open Interest Shorts:	24.4	55.5	18.7
– Net Position:	-7,763	16,842	-9,079
– Gross Longs:	36,666	117,812	24,909
– Gross Shorts:	44,429	100,970	33,988
– Long to Short Ratio:	0.8 to 1	1.2 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.4	39.6	36.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	31.0	-31.7	22.0

Japanese Yen Futures:

The Japanese Yen large speculator standing this week resulted in a net position of -68,273 contracts in the data reported through Tuesday. This was a weekly advance of 12,606 contracts from the previous week which had a total of -80,879 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.9 percent. The commercials are Bullish with a score of 77.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.0	81.0	9.1
– Percent of Open Interest Shorts:	42.5	39.1	16.4
– Net Position:	-68,273	82,863	-14,590
– Gross Longs:	15,866	160,178	17,950
– Gross Shorts:	84,139	77,315	32,540
– Long to Short Ratio:	0.2 to 1	2.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	24.9	77.3	18.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.3	5.9	6.4

Swiss Franc Futures:

The Swiss Franc large speculator standing this week resulted in a net position of -8,796 contracts in the data reported through Tuesday. This was a weekly gain of 2,014 contracts from the previous week which had a total of -10,810 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.6 percent. The commercials are Bearish with a score of 46.0 percent and the small traders (not shown in chart) are Bearish with a score of 49.5 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.0	69.4	25.2
– Percent of Open Interest Shorts:	27.2	35.5	36.9
– Net Position:	-8,796	13,479	-4,683
– Gross Longs:	1,999	27,591	9,996
– Gross Shorts:	10,795	14,112	14,679
– Long to Short Ratio:	0.2 to 1	2.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.6	46.0	49.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.8	-1.5	5.2

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week resulted in a net position of 12,317 contracts in the data reported through Tuesday. This was a weekly increase of 4,825 contracts from the previous week which had a total of 7,492 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 with a score of 59.6 percent. The commercials are Bearish with a score of 43.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.2 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.3	39.3	21.5
– Percent of Open Interest Shorts:	27.9	52.6	16.6
– Net Position:	12,317	-19,581	7,264
– Gross Longs:	53,129	57,492	31,539
– Gross Shorts:	40,812	77,073	24,275
– Long to Short Ratio:	1.3 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.6	43.5	44.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.7	-12.1	-15.8

Australian Dollar Futures:

The Australian Dollar large speculator standing this week resulted in a net position of -83,273 contracts in the data reported through Tuesday. This was a weekly rise of 5,181 contracts from the previous week which had a total of -88,454 net contracts.

This 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 7.6 percent. The commercials are Bullish-Extreme with a score of 91.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.1 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.0	80.7	8.6
– Percent of Open Interest Shorts:	51.8	29.3	16.2
– Net Position:	-83,273	97,749	-14,476
– Gross Longs:	15,121	153,386	16,371
– Gross Shorts:	98,394	55,637	30,847
– Long to Short Ratio:	0.2 to 1	2.8 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	7.6	91.8	17.1
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.1	-0.5	12.3

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week resulted in a net position of -10,773 contracts in the data reported through Tuesday. This was a weekly decline of -2,442 contracts from the previous week which had a total of -8,331 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.2 percent. The commercials are Bullish with a score of 50.9 percent and the small traders (not shown in chart) are Bearish with a score of 23.1 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.9	63.2	5.2
– Percent of Open Interest Shorts:	50.1	38.3	9.9
– Net Position:	-10,773	13,281	-2,508
– Gross Longs:	15,948	33,712	2,784
– Gross Shorts:	26,721	20,431	5,292
– Long to Short Ratio:	0.6 to 1	1.7 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.2	50.9	23.1
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.2	7.9	-2.2

Mexican Peso Futures:

The Mexican Peso large speculator standing this week resulted in a net position of -790 contracts in the data reported through Tuesday. This was a weekly decrease of -5,710 contracts from the previous week which had a total of 4,920 net contracts.

This 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 27.0 percent. The commercials are Bullish with a score of 72.2 percent and the small traders (not shown in chart) are Bullish with a score of 52.6 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.3	51.6	3.9
– Percent of Open Interest Shorts:	44.8	52.6	2.4
– Net Position:	-790	-1,478	2,268
– Gross Longs:	66,449	77,473	5,892
– Gross Shorts:	67,239	78,951	3,624
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	27.0	72.2	52.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.2	-5.8	17.0

Brazilian Real Futures:

The Brazilian Real large speculator standing this week resulted in a net position of -12,616 contracts in the data reported through Tuesday. This was a weekly lowering of -1,247 contracts from the previous week which had a total of -11,369 net contracts.

This 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 51.7 percent. The commercials are Bearish with a score of 48.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.2 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.9	45.6	7.6
– Percent of Open Interest Shorts:	73.0	21.5	4.7
– Net Position:	-12,616	11,258	1,358
– Gross Longs:	21,434	21,274	3,541
– Gross Shorts:	34,050	10,016	2,183
– Long to Short Ratio:	0.6 to 1	2.1 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.7	48.4	83.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.7	8.4	21.0

Russian Ruble Futures:

The Russian Ruble large speculator standing this week resulted in a net position of 3,944 contracts in the data reported through Tuesday. This was a weekly decrease of -2,478 contracts from the previous week which had a total of 6,422 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 22.7 percent. The commercials are Bullish with a score of 75.7 percent and the small traders (not shown in chart) are Bearish with a score of 43.9 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.4	63.3	4.3
– Percent of Open Interest Shorts:	24.0	72.4	3.6
– Net Position:	3,944	-4,288	344
– Gross Longs:	15,179	29,669	2,015
– Gross Shorts:	11,235	33,957	1,671
– Long to Short Ratio:	1.4 to 1	0.9 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	22.7	75.7	43.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-29.8	30.5	-20.0

Bitcoin Futures:

The Bitcoin large speculator standing this week resulted in a net position of -34 contracts in the data reported through Tuesday. This was a weekly boost of 515 contracts from the previous week which had a total of -549 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.6 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	73.8	2.4	12.5
– Percent of Open Interest Shorts:	74.1	6.5	8.1
– Net Position:	-34	-478	512
– Gross Longs:	8,678	285	1,469
– Gross Shorts:	8,712	763	957
– Long to Short Ratio:	1.0 to 1	0.4 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	24.6
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.9	-60.9	-0.1

Article By InvestMacro – Receive our weekly COT Reports by Email

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