CountingPips Forex Blog

Archive for CountingPips Forex Blog – Page 16

COT Bonds Speculators cut their bearish 5-Year Treasuries bets for 3rd week

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

The latest COT data is updated through Tuesday January 25th 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 improvement in the 5-Year Bond speculator positions. Speculative positioning in the 5-Year has seen bearish bets sharply falling for the third consecutive week and by a total of 262,418 contracts over that time-frame. This improvement in the 5-Year brings the net speculator standing to the least bearish level in nineteen weeks, dating back to September 14th when the spec standing was -24,366 contracts.

Joining the 5-Year (76,717 contracts) in gaining this week were the 2-Year Bond (-6,759 contracts), 10-Year (6,786 contracts), Ultra 10-Year (18,302 contracts) and the Fed Funds (61,711 contracts) while decreasing bets for the week were seen in Ultra US Bond (-4,895 contracts), Long US Bond (-16,599 contracts) and the Eurodollar (-294,011 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Jan-25-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	11,211,597	49	-2,121,304	0	2,542,838	100	-421,534	14
FedFunds	1,790,901	58	49,437	46	-26,161	57	-23,276	4
2-Year	2,112,007	13	31,877	89	32,983	27	-64,860	4
Long T-Bond	1,193,450	48	-64,095	70	74,281	44	-10,186	45
10-Year	3,750,564	47	-264,656	31	500,631	85	-235,975	24
5-Year	3,979,852	46	-140,457	57	401,407	66	-260,950	9

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week came in at a net position of -2,121,304 contracts in the data reported through Tuesday. This was a weekly decrease of -294,011 contracts from the previous week which had a total of -1,827,293 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.2 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.7	74.7	3.9
– Percent of Open Interest Shorts:	25.7	52.1	7.7
– Net Position:	-2,121,304	2,542,838	-421,534
– Gross Longs:	756,358	8,378,627	438,371
– Gross Shorts:	2,877,662	5,835,789	859,905
– Long to Short Ratio:	0.3 to 1	1.4 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	14.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.6	7.5	6.9

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week came in at a net position of 49,437 contracts in the data reported through Tuesday. This was a weekly increase of 61,711 contracts from the previous week which had a total of -12,274 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 45.7 percent. The commercials are Bullish with a score of 56.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.2 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.1	72.4	1.3
– Percent of Open Interest Shorts:	4.4	73.8	2.6
– Net Position:	49,437	-26,161	-23,276
– Gross Longs:	127,925	1,296,350	23,599
– Gross Shorts:	78,488	1,322,511	46,875
– Long to Short Ratio:	1.6 to 1	1.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.7	56.7	4.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.1	-15.6	-25.6

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week came in at a net position of 31,877 contracts in the data reported through Tuesday. This was a weekly reduction of -6,759 contracts from the previous week which had a total of 38,636 net contracts.

This 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 88.7 percent. The commercials are Bearish with a score of 27.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 3.5 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.5	71.2	6.2
– Percent of Open Interest Shorts:	17.0	69.6	9.3
– Net Position:	31,877	32,983	-64,860
– Gross Longs:	391,570	1,503,920	130,535
– Gross Shorts:	359,693	1,470,937	195,395
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	88.7	27.0	3.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.7	1.4	3.5

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week came in at a net position of -140,457 contracts in the data reported through Tuesday. This was a weekly boost of 76,717 contracts from the previous week which had a total of -217,174 net contracts.

This 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 Bullish with a score of 66.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.4 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.8	79.5	6.6
– Percent of Open Interest Shorts:	14.3	69.4	13.1
– Net Position:	-140,457	401,407	-260,950
– Gross Longs:	429,836	3,162,224	262,210
– Gross Shorts:	570,293	2,760,817	523,160
– 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):	57.0	66.3	9.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	36.4	-21.5	-9.2

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week came in at a net position of -264,656 contracts in the data reported through Tuesday. This was a weekly gain of 6,786 contracts from the previous week which had a total of -271,442 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.3 percent. The commercials are Bullish-Extreme with a score of 84.5 percent and the small traders (not shown in chart) are Bearish with a score of 23.7 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.8	77.8	8.3
– Percent of Open Interest Shorts:	17.9	64.4	14.6
– Net Position:	-264,656	500,631	-235,975
– Gross Longs:	406,213	2,917,637	312,418
– Gross Shorts:	670,869	2,417,006	548,393
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	31.3	84.5	23.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.4	-3.9	5.2

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week came in at a net position of 94,332 contracts in the data reported through Tuesday. This was a weekly rise of 18,302 contracts from the previous week which had a total of 76,030 net contracts.

This 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 52.7 percent. The commercials are Bullish with a score of 67.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.2 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.4	71.3	7.9
– Percent of Open Interest Shorts:	12.6	65.3	20.8
– Net Position:	94,332	82,395	-176,727
– Gross Longs:	266,673	977,595	107,990
– Gross Shorts:	172,341	895,200	284,717
– Long to Short Ratio:	1.5 to 1	1.1 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.7	67.4	9.2
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.6	3.1	1.5

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week came in at a net position of -64,095 contracts in the data reported through Tuesday. This was a weekly fall of -16,599 contracts from the previous week which had a total of -47,496 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 70.4 percent. The commercials are Bearish with a score of 43.8 percent and the small traders (not shown in chart) are Bearish with a score of 44.5 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.8	75.2	14.3
– Percent of Open Interest Shorts:	14.2	69.0	15.1
– Net Position:	-64,095	74,281	-10,186
– Gross Longs:	104,960	897,501	170,480
– Gross Shorts:	169,055	823,220	180,666
– Long to Short Ratio:	0.6 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	70.4	43.8	44.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.6	25.2	-41.5

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week came in at a net position of -343,245 contracts in the data reported through Tuesday. This was a weekly lowering of -4,895 contracts from the previous week which had a total of -338,350 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 45.2 percent. The commercials are Bullish with a score of 67.8 percent and the small traders (not shown in chart) are Bullish with a score of 50.5 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.4	82.4	11.6
– Percent of Open Interest Shorts:	32.1	58.1	9.2
– Net Position:	-343,245	312,275	30,970
– Gross Longs:	69,036	1,059,367	149,528
– Gross Shorts:	412,281	747,092	118,558
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.2	67.8	50.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.7	25.8	-1.3

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.

29 Jan

COT Metals Speculators boost Gold bullish bets to highest since Nov. 30th

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.

Highlighting the COT metals data is the gains in the Gold futures bets. Gold speculator bullish bets jumped by the most contracts in the past eleven weeks this week following three straight weeks of declines. The gain by +25,944 contracts have more than erased the previous three weeks of losses and has pushed the current net speculator standing to the highest level since November 30th at over +220,000 net contracts.

Joining Gold (25,944 contracts) in gaining this week were Silver (2,441 contracts), Copper (4,171 contracts), Platinum (6,563 contracts), Palladium (1,321 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Jan-25-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,095,994	35	373,415	28	-420,646	61	47,231	82
Gold	572,078	39	220,151	58	-249,746	41	29,595	48
Silver	151,779	18	32,141	54	-47,684	52	15,543	33
Copper	205,771	30	26,481	61	-32,836	37	6,355	62
Palladium	9,034	11	-1,988	10	2,274	90	-286	28
Platinum	53,390	10	13,792	22	-19,227	82	5,435	38
Natural Gas	1,141,796	7	-124,535	41	97,541	62	26,994	47
Brent	224,561	59	-25,936	73	23,862	29	2,074	37
Heating Oil	360,969	38	18,000	69	-40,959	28	22,959	78
Soybeans	735,966	30	148,872	67	-112,799	39	-36,073	12
Corn	1,539,124	28	439,098	86	-389,471	16	-49,627	14
Coffee	274,327	40	61,643	93	-64,950	9	3,307	11
Sugar	875,995	12	121,283	62	-142,972	41	21,689	35
Wheat	390,266	29	11,661	57	-3,525	37	-8,136	63

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week totaled a net position of 220,151 contracts in the data reported through Tuesday. This was a weekly advance of 25,944 contracts from the previous week which had a total of 194,207 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.8 percent. The commercials are Bearish with a score of 41.4 percent and the small traders (not shown in chart) are Bearish with a score of 48.2 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	54.8	22.8	8.9
– Percent of Open Interest Shorts:	16.3	66.4	3.7
– Net Position:	220,151	-249,746	29,595
– Gross Longs:	313,415	130,208	50,669
– Gross Shorts:	93,264	379,954	21,074
– Long to Short Ratio:	3.4 to 1	0.3 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.8	41.4	48.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.6	-5.6	1.7

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week totaled a net position of 32,141 contracts in the data reported through Tuesday. This was a weekly rise of 2,441 contracts from the previous week which had a total of 29,700 net contracts.

This 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 54.4 percent. The commercials are Bullish with a score of 52.1 percent and the small traders (not shown in chart) are Bearish with a score of 33.4 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.1	33.0	18.5
– Percent of Open Interest Shorts:	20.9	64.4	8.3
– Net Position:	32,141	-47,684	15,543
– Gross Longs:	63,923	50,135	28,132
– Gross Shorts:	31,782	97,819	12,589
– Long to Short Ratio:	2.0 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.4	52.1	33.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.1	-11.6	9.7

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week totaled a net position of 26,481 contracts in the data reported through Tuesday. This was a weekly increase of 4,171 contracts from the previous week which had a total of 22,310 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.4 percent. The commercials are Bearish with a score of 36.9 percent and the small traders (not shown in chart) are Bullish with a score of 62.0 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	38.2	39.3	9.0
– Percent of Open Interest Shorts:	25.3	55.3	5.9
– Net Position:	26,481	-32,836	6,355
– Gross Longs:	78,616	80,969	18,431
– Gross Shorts:	52,135	113,805	12,076
– Long to Short Ratio:	1.5 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	61.4	36.9	62.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.2	-13.6	-0.3

Platinum Futures:

The Platinum Futures large speculator standing this week totaled a net position of 13,792 contracts in the data reported through Tuesday. This was a weekly boost of 6,563 contracts from the previous week which had a total of 7,229 net contracts.

This 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 22.3 percent. The commercials are Bullish-Extreme with a score of 81.5 percent and the small traders (not shown in chart) are Bearish with a score of 37.8 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	51.4	31.1	14.9
– Percent of Open Interest Shorts:	25.5	67.1	4.8
– Net Position:	13,792	-19,227	5,435
– Gross Longs:	27,429	16,618	7,973
– Gross Shorts:	13,637	35,845	2,538
– Long to Short Ratio:	2.0 to 1	0.5 to 1	3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	22.3	81.5	37.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.5	-13.7	-6.9

Palladium Futures:

The Palladium Futures large speculator standing this week totaled a net position of -1,988 contracts in the data reported through Tuesday. This was a weekly rise of 1,321 contracts from the previous week which had a total of -3,309 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 9.7 percent. The commercials are Bullish-Extreme with a score of 90.1 percent and the small traders (not shown in chart) are Bearish with a score of 27.8 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.4	52.6	12.9
– Percent of Open Interest Shorts:	53.4	27.4	16.1
– Net Position:	-1,988	2,274	-286
– Gross Longs:	2,839	4,753	1,167
– Gross Shorts:	4,827	2,479	1,453
– Long to Short Ratio:	0.6 to 1	1.9 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	9.7	90.1	27.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.7	-9.9	3.8

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

29 Jan

COT Energy Speculators push Brent Crude Oil bearish bets to 14-week high

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

The latest COT data is updated through Tuesday January 25th 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 recent rise in bearish bets for the Brent Crude Oil (last day) futures bets. The speculative net position in the Brent Crude Oil futures has now seen higher bearish positions for three consecutive weeks. This comes after a streak of improving positions that culminated in speculator bets touching the least bearish level in the previous 167 weeks (on January 4th). The overall speculator standing in Brent oil have been in a continuous bearish position since December of 2013 (due to the unique positioning dynamics of the market) but positioning has been less and less bearish with crude oil prices rising in recent months. However, this recent 3-week streak of rising bearish bets brings the Brent net standing to the most bearish of the last fourteen weeks.

Joining Brent Crude Oil (-5,730 contracts) in falling this week were Natural Gas (-6,488 contracts), WTI Crude Oil (-12,366 contracts) and Gasoline (-1,184 contracts) while Heating Oil (3,173 contracts) and the Bloomberg Commodity Index (2,177 contracts) saw higher bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Jan-25-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,095,994	35	373,415	28	-420,646	61	47,231	82
Gold	572,078	39	220,151	58	-249,746	41	29,595	48
Silver	151,779	18	32,141	54	-47,684	52	15,543	33
Copper	205,771	30	26,481	61	-32,836	37	6,355	62
Palladium	9,034	11	-1,988	10	2,274	90	-286	28
Platinum	53,390	10	13,792	22	-19,227	82	5,435	38
Natural Gas	1,141,796	7	-124,535	41	97,541	62	26,994	47
Brent	224,561	59	-25,936	73	23,862	29	2,074	37
Heating Oil	360,969	38	18,000	69	-40,959	28	22,959	78
Soybeans	735,966	30	148,872	67	-112,799	39	-36,073	12
Corn	1,539,124	28	439,098	86	-389,471	16	-49,627	14
Coffee	274,327	40	61,643	93	-64,950	9	3,307	11
Sugar	875,995	12	121,283	62	-142,972	41	21,689	35
Wheat	390,266	29	11,661	57	-3,525	37	-8,136	63

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week totaled a net position of 373,415 contracts in the data reported through Tuesday. This was a weekly decrease of -12,366 contracts from the previous week which had a total of 385,781 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.3 percent. The commercials are Bullish with a score of 60.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.6 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.5	35.8	4.7
– Percent of Open Interest Shorts:	5.7	55.8	2.4
– Net Position:	373,415	-420,646	47,231
– Gross Longs:	492,310	749,821	98,250
– Gross Shorts:	118,895	1,170,467	51,019
– 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):	28.3	60.7	81.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.7	-11.3	12.5

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week totaled a net position of -25,936 contracts in the data reported through Tuesday. This was a weekly reduction of -5,730 contracts from the previous week which had a total of -20,206 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.3 percent. The commercials are Bearish with a score of 29.5 percent and the small traders (not shown in chart) are Bearish with a score of 37.3 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.8	44.2	4.1
– Percent of Open Interest Shorts:	29.3	33.6	3.2
– Net Position:	-25,936	23,862	2,074
– Gross Longs:	39,888	99,224	9,298
– Gross Shorts:	65,824	75,362	7,224
– Long to Short Ratio:	0.6 to 1	1.3 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	73.3	29.5	37.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.2	6.7	-20.4

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week totaled a net position of -124,535 contracts in the data reported through Tuesday. This was a weekly reduction of -6,488 contracts from the previous week which had a total of -118,047 net contracts.

This 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 41.2 percent. The commercials are Bullish with a score of 61.6 percent and the small traders (not shown in chart) are Bearish with a score of 47.4 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.5	42.7	4.5
– Percent of Open Interest Shorts:	31.4	34.1	2.2
– Net Position:	-124,535	97,541	26,994
– Gross Longs:	233,870	487,342	51,865
– Gross Shorts:	358,405	389,801	24,871
– Long to Short Ratio:	0.7 to 1	1.3 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.2	61.6	47.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	-0.5	-10.1

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week totaled a net position of 59,605 contracts in the data reported through Tuesday. This was a weekly decline of -1,184 contracts from the previous week which had a total of 60,789 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.8 percent. The commercials are Bullish with a score of 69.8 percent and the small traders (not shown in chart) are Bullish with a score of 56.9 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.2	49.2	6.1
– Percent of Open Interest Shorts:	12.8	67.6	4.0
– Net Position:	59,605	-67,195	7,590
– Gross Longs:	106,361	179,168	22,300
– Gross Shorts:	46,756	246,363	14,710
– Long to Short Ratio:	2.3 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	30.8	69.8	56.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.2	-5.3	12.5

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week totaled a net position of 18,000 contracts in the data reported through Tuesday. This was a weekly increase of 3,173 contracts from the previous week which had a total of 14,827 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.9 percent. The commercials are Bearish with a score of 27.6 percent and the small traders (not shown in chart) are Bullish with a score of 77.9 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.8	49.8	13.9
– Percent of Open Interest Shorts:	11.8	61.2	7.5
– Net Position:	18,000	-40,959	22,959
– Gross Longs:	60,678	179,923	50,189
– Gross Shorts:	42,678	220,882	27,230
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.9	27.6	77.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.5	-21.8	25.0

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week totaled a net position of -14,100 contracts in the data reported through Tuesday. This was a weekly gain of 2,177 contracts from the previous week which had a total of -16,277 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.6 percent. The commercials are Bearish with a score of 45.4 percent and the small traders (not shown in chart) are Bearish with a score of 39.5 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	65.3	28.6	1.2
– Percent of Open Interest Shorts:	93.9	1.2	0.1
– Net Position:	-14,100	13,537	563
– Gross Longs:	32,288	14,137	596
– Gross Shorts:	46,388	600	33
– Long to Short Ratio:	0.7 to 1	23.6 to 1	18.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.6	45.4	39.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.1	21.0	1.8

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

29 Jan

COT Soft Commodities Speculators sharply raised Corn bullish bets for 1st time in 4 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 January 25th 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 sharp rebound in Corn futures bets. The speculative net position in the Corn futures jumped this week by over +50,000 contracts after falling in the previous three weeks. This marked the largest one-week gain of the past twelve weeks and pushed the net bullish position back over the +400,000 contract level. Corn continues to have an extreme bullish strength score at 86.1 percent (current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme) at the current time.

The soft commodities that saw higher bets this week were Corn (50,960 contracts), Sugar (8,115 contracts), Soybeans (20,857 contracts), Soybean Oil (16,969 contracts), Lean Hogs (9,741 contracts) and Wheat (6,821 contracts). The markets with lower bets were Soybean Meal (-1,875 contracts), Live Cattle (-14,921 contracts), Cotton (-1,339 contracts), Cocoa (406 contracts), Coffee (-2,141 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Jan-25-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,095,994	35	373,415	28	-420,646	61	47,231	82
Gold	572,078	39	220,151	58	-249,746	41	29,595	48
Silver	151,779	18	32,141	54	-47,684	52	15,543	33
Copper	205,771	30	26,481	61	-32,836	37	6,355	62
Palladium	9,034	11	-1,988	10	2,274	90	-286	28
Platinum	53,390	10	13,792	22	-19,227	82	5,435	38
Natural Gas	1,141,796	7	-124,535	41	97,541	62	26,994	47
Brent	224,561	59	-25,936	73	23,862	29	2,074	37
Heating Oil	360,969	38	18,000	69	-40,959	28	22,959	78
Soybeans	735,966	30	148,872	67	-112,799	39	-36,073	12
Corn	1,539,124	28	439,098	86	-389,471	16	-49,627	14
Coffee	274,327	40	61,643	93	-64,950	9	3,307	11
Sugar	875,995	12	121,283	62	-142,972	41	21,689	35
Wheat	390,266	29	11,661	57	-3,525	37	-8,136	63

CORN Futures:

The CORN large speculator standing this week totaled a net position of 439,098 contracts in the data reported through Tuesday. This was a weekly lift of 50,960 contracts from the previous week which had a total of 388,138 net contracts.

This 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 16.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.5 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.1	44.2	9.0
– Percent of Open Interest Shorts:	5.6	69.5	12.2
– Net Position:	439,098	-389,471	-49,627
– Gross Longs:	524,903	680,057	137,937
– Gross Shorts:	85,805	1,069,528	187,564
– Long to Short Ratio:	6.1 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.1	16.4	14.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.6	-1.1	-2.8

SUGAR Futures:

The SUGAR large speculator standing this week totaled a net position of 121,283 contracts in the data reported through Tuesday. This was a weekly lift of 8,115 contracts from the previous week which had a total of 113,168 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.5 percent. The commercials are Bearish with a score of 41.0 percent and the small traders (not shown in chart) are Bearish with a score of 34.7 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.4	54.8	8.7
– Percent of Open Interest Shorts:	7.6	71.1	6.2
– Net Position:	121,283	-142,972	21,689
– Gross Longs:	187,445	479,923	76,345
– Gross Shorts:	66,162	622,895	54,656
– Long to Short Ratio:	2.8 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	61.5	41.0	34.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.6	20.6	-17.0

COFFEE Futures:

The COFFEE large speculator standing this week totaled a net position of 61,643 contracts in the data reported through Tuesday. This was a weekly decrease of -2,141 contracts from the previous week which had a total of 63,784 net contracts.

This 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 93.4 percent. The commercials are Bearish-Extreme with a score of 8.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.2 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.6	42.5	3.8
– Percent of Open Interest Shorts:	5.1	66.1	2.6
– Net Position:	61,643	-64,950	3,307
– Gross Longs:	75,714	116,487	10,526
– Gross Shorts:	14,071	181,437	7,219
– Long to Short Ratio:	5.4 to 1	0.6 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	93.4	8.9	11.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-1.4	3.1

SOYBEANS Futures:

The SOYBEANS large speculator standing this week totaled a net position of 148,872 contracts in the data reported through Tuesday. This was a weekly gain of 20,857 contracts from the previous week which had a total of 128,015 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 67.1 percent. The commercials are Bearish with a score of 39.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.8 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	49.9	6.8
– Percent of Open Interest Shorts:	6.6	65.2	11.7
– Net Position:	148,872	-112,799	-36,073
– Gross Longs:	197,316	367,156	49,857
– Gross Shorts:	48,444	479,955	85,930
– Long to Short Ratio:	4.1 to 1	0.8 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.1	39.3	11.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.1	-20.1	-0.0

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week totaled a net position of 68,472 contracts in the data reported through Tuesday. This was a weekly rise of 16,969 contracts from the previous week which had a total of 51,503 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 60.8 percent. The commercials are Bearish with a score of 40.6 percent and the small traders (not shown in chart) are Bullish with a score of 50.3 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	47.2	8.6
– Percent of Open Interest Shorts:	8.6	66.3	6.1
– Net Position:	68,472	-78,358	9,886
– Gross Longs:	103,832	194,572	35,212
– Gross Shorts:	35,360	272,930	25,326
– Long to Short Ratio:	2.9 to 1	0.7 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.8	40.6	50.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.7	-17.0	32.5

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week totaled a net position of 79,018 contracts in the data reported through Tuesday. This was a weekly decline of -1,875 contracts from the previous week which had a total of 80,893 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.1 percent. The commercials are Bearish with a score of 22.9 percent and the small traders (not shown in chart) are Bullish with a score of 72.4 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.9	47.6	11.8
– Percent of Open Interest Shorts:	5.4	73.3	5.5
– Net Position:	79,018	-104,414	25,396
– Gross Longs:	101,074	193,263	47,848
– Gross Shorts:	22,056	297,677	22,452
– Long to Short Ratio:	4.6 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.1	22.9	72.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.4	-5.9	11.9

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week totaled a net position of 48,641 contracts in the data reported through Tuesday. This was a weekly decrease of -14,921 contracts from the previous week which had a total of 63,562 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 21.7 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 74.4 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.8	39.3	10.5
– Percent of Open Interest Shorts:	18.3	52.2	12.1
– Net Position:	48,641	-43,410	-5,231
– Gross Longs:	110,040	131,826	35,302
– Gross Shorts:	61,399	175,236	40,533
– Long to Short Ratio:	1.8 to 1	0.8 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	21.7	72.2	74.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.8	18.4	20.9

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week totaled a net position of 58,046 contracts in the data reported through Tuesday. This was a weekly increase of 9,741 contracts from the previous week which had a total of 48,305 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 71.1 percent. The commercials are Bearish with a score of 36.2 percent and the small traders (not shown in chart) are Bearish with a score of 23.3 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.0	34.6	8.4
– Percent of Open Interest Shorts:	15.7	52.5	13.7
– Net Position:	58,046	-44,897	-13,149
– Gross Longs:	97,371	86,399	21,041
– Gross Shorts:	39,325	131,296	34,190
– Long to Short Ratio:	2.5 to 1	0.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	71.1	36.2	23.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.0	-8.3	17.1

COTTON Futures:

The COTTON large speculator standing this week totaled a net position of 93,787 contracts in the data reported through Tuesday. This was a weekly fall of -1,339 contracts from the previous week which had a total of 95,126 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 82.4 percent. The commercials are Bearish-Extreme with a score of 16.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 87.5 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.0	33.8	7.9
– Percent of Open Interest Shorts:	5.8	75.7	3.2
– Net Position:	93,787	-105,632	11,845
– Gross Longs:	108,423	85,060	19,987
– Gross Shorts:	14,636	190,692	8,142
– Long to Short Ratio:	7.4 to 1	0.4 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.4	16.2	87.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.3	-4.2	12.4

COCOA Futures:

The COCOA large speculator standing this week totaled a net position of 28,620 contracts in the data reported through Tuesday. This was a weekly rise of 406 contracts from the previous week which had a total of 28,214 net contracts.

This 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 49.4 percent. The commercials are Bearish with a score of 49.9 percent and the small traders (not shown in chart) are Bullish with a score of 52.2 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.4	45.9	5.3
– Percent of Open Interest Shorts:	15.0	58.8	3.7
– Net Position:	28,620	-32,467	3,847
– Gross Longs:	66,341	115,075	13,192
– Gross Shorts:	37,721	147,542	9,345
– Long to Short Ratio:	1.8 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.4	49.9	52.2
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.1	-29.0	31.8

WHEAT Futures:

The WHEAT large speculator standing this week totaled a net position of 11,661 contracts in the data reported through Tuesday. This was a weekly boost of 6,821 contracts from the previous week which had a total of 4,840 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.9 percent. The commercials are Bearish with a score of 37.4 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.1	39.1	8.4
– Percent of Open Interest Shorts:	25.1	40.0	10.5
– Net Position:	11,661	-3,525	-8,136
– Gross Longs:	109,676	152,603	32,799
– Gross Shorts:	98,015	156,128	40,935
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.9	37.4	62.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.3	1.6	-6.3

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

22 Jan

COT Currency Speculator Sentiment rising for Euro & British Pound Sterling

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 18th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data is the trend changes in speculator sentiment we are seeing in the Euro and the British pound sterling. Speculators have been boosting their bets for the Euro and pound sterling over the past weeks and have now pushed their bets in both currencies to their best levels since September.

Euro positions have gained for five consecutive weeks (a 5-week total rise of +36,463 contracts) and have now been in bullish territory for two straight weeks after spending thirteen out of the past fourteen weeks in bearish territory. This week’s net position of +24,584 contracts marks the best position since September 14th when positions were in a downtrend and on their way into negative territory.

British pound speculator bets, meanwhile, have risen sharply with four straight weeks of gains (a 4-week rise by +57,439 contracts) and have now settled into a current position of just -247 net contracts. The net position had been at a multi-year bearish high of -57,686 contracts as recently as December 21st before a turnaround in sentiment.

Joining the Euro (18,579 contracts) and British pound sterling (28,919 contracts) with positive changes this week were the yen (6,646 contracts), New Zealand dollar (273 contracts), Canadian dollar (14,868 contracts), Australian dollar (3,032 contracts) and the Mexican peso (9,371 contracts).

The currencies with declining bets were the US Dollar Index (-1,458 contracts), Brazil real (-557 contracts), Swiss franc (-3,150 contracts), Russian ruble (-3,195 contracts) and Bitcoin (-172 contracts)

Data Snapshot of Forex Market Traders | Columns Legend

Jan-18-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	53,283	74	36,434	89	-42,397	4	5,963	82
EUR	691,882	80	24,584	43	-50,464	61	25,880	17
GBP	183,234	28	-247	74	2,848	31	-2,601	50
JPY	201,820	56	-80,879	17	99,740	86	-18,861	9
CHF	39,871	14	-10,810	51	13,799	46	-2,989	54
CAD	143,371	26	7,492	58	-13,723	47	6,231	42
AUD	181,136	68	-88,454	3	98,519	92	-10,065	28
NZD	44,727	33	-8,331	57	10,622	47	-2,291	26
MXN	151,778	27	4,920	29	-7,490	70	2,570	54
RUB	45,413	46	6,422	29	-7,251	69	829	57
BRL	32,098	30	-11,369	53	10,759	48	610	74
Bitcoin	11,468	62	-549	91	-22	0	571	26

US Dollar Index Futures:

The US Dollar Index large speculator standing this week was a net position of 36,434 contracts in the data reported through Tuesday. This was a weekly lowering of -1,458 contracts from the previous week which had a total of 37,892 net contracts.

This 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 88.6 percent. The commercials are Bearish-Extreme with a score of 4.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.8 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	79.5	3.2	15.4
– Percent of Open Interest Shorts:	11.1	82.7	4.2
– Net Position:	36,434	-42,397	5,963
– Gross Longs:	42,369	1,684	8,180
– Gross Shorts:	5,935	44,081	2,217
– Long to Short Ratio:	7.1 to 1	0.0 to 1	3.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	88.6	4.1	81.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.7	-3.6	6.8

Euro Currency Futures:

The Euro Currency large speculator standing this week was a net position of 24,584 contracts in the data reported through Tuesday. This was a weekly gain of 18,579 contracts from the previous week which had a total of 6,005 net contracts.

This 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 42.5 percent. The commercials are Bullish with a score of 61.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.3 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.6	56.3	11.5
– Percent of Open Interest Shorts:	27.1	63.6	7.8
– Net Position:	24,584	-50,464	25,880
– Gross Longs:	211,901	389,617	79,656
– Gross Shorts:	187,317	440,081	53,776
– Long to Short Ratio:	1.1 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.5	61.5	17.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.1	-8.6	-4.3

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week was a net position of -247 contracts in the data reported through Tuesday. This was a weekly gain of 28,919 contracts from the previous week which had a total of -29,166 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.8 percent. The commercials are Bearish with a score of 31.4 percent and the small traders (not shown in chart) are Bullish with a score of 50.3 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.7	62.5	14.3
– Percent of Open Interest Shorts:	21.8	60.9	15.8
– Net Position:	-247	2,848	-2,601
– Gross Longs:	39,760	114,486	26,267
– Gross Shorts:	40,007	111,638	28,868
– 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):	73.8	31.4	50.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.4	-30.6	28.5

Japanese Yen Futures:

The Japanese Yen large speculator standing this week was a net position of -80,879 contracts in the data reported through Tuesday. This was a weekly boost of 6,646 contracts from the previous week which had a total of -87,525 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.9 percent. The commercials are Bullish-Extreme with a score of 85.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.0 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.0	86.1	8.7
– Percent of Open Interest Shorts:	44.0	36.6	18.0
– Net Position:	-80,879	99,740	-18,861
– Gross Longs:	8,002	173,701	17,475
– Gross Shorts:	88,881	73,961	36,336
– Long to Short Ratio:	0.1 to 1	2.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.9	85.7	9.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.3	9.5	-3.1

Swiss Franc Futures:

The Swiss Franc large speculator standing this week was a net position of -10,810 contracts in the data reported through Tuesday. This was a weekly reduction of -3,150 contracts from the previous week which had a total of -7,660 net contracts.

This 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 51.1 percent. The commercials are Bearish with a score of 46.4 percent and the small traders (not shown in chart) are Bullish with a score of 54.5 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	2.3	67.3	30.0
– Percent of Open Interest Shorts:	29.4	32.7	37.5
– Net Position:	-10,810	13,799	-2,989
– Gross Longs:	925	26,828	11,951
– Gross Shorts:	11,735	13,029	14,940
– Long to Short Ratio:	0.1 to 1	2.1 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.1	46.4	54.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.2	-7.4	15.5

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week was a net position of 7,492 contracts in the data reported through Tuesday. This was a weekly advance of 14,868 contracts from the previous week which had a total of -7,376 net contracts.

This 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 57.9 percent. The commercials are Bearish with a score of 46.9 percent and the small traders (not shown in chart) are Bearish with a score of 42.2 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.7	41.1	21.8
– Percent of Open Interest Shorts:	29.5	50.7	17.5
– Net Position:	7,492	-13,723	6,231
– Gross Longs:	49,792	58,921	31,270
– Gross Shorts:	42,300	72,644	25,039
– Long to Short Ratio:	1.2 to 1	0.8 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.9	46.9	42.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.3	-13.5	6.0

Australian Dollar Futures:

The Australian Dollar large speculator standing this week was a net position of -88,454 contracts in the data reported through Tuesday. This was a weekly increase of 3,032 contracts from the previous week which had a total of -91,486 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 2.8 percent. The commercials are Bullish-Extreme with a score of 92.4 percent and the small traders (not shown in chart) are Bearish with a score of 27.9 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.0	82.2	10.5
– Percent of Open Interest Shorts:	53.8	27.9	16.1
– Net Position:	-88,454	98,519	-10,065
– Gross Longs:	9,051	148,978	19,008
– Gross Shorts:	97,505	50,459	29,073
– Long to Short Ratio:	0.1 to 1	3.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.8	92.4	27.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.2	-0.3	17.1

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week was a net position of -8,331 contracts in the data reported through Tuesday. This was a weekly advance of 273 contracts from the previous week which had a total of -8,604 net contracts.

This 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 57.3 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 25.6 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.0	66.8	6.4
– Percent of Open Interest Shorts:	44.6	43.0	11.5
– Net Position:	-8,331	10,622	-2,291
– Gross Longs:	11,612	29,876	2,851
– Gross Shorts:	19,943	19,254	5,142
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.3	46.8	25.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-31.9	30.0	-5.2

Mexican Peso Futures:

The Mexican Peso large speculator standing this week was a net position of 4,920 contracts in the data reported through Tuesday. This was a weekly increase of 9,371 contracts from the previous week which had a total of -4,451 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.4 percent. The commercials are Bullish with a score of 69.7 percent and the small traders (not shown in chart) are Bullish with a score of 53.9 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	49.7	46.1	3.9
– Percent of Open Interest Shorts:	46.5	51.0	2.2
– Net Position:	4,920	-7,490	2,570
– Gross Longs:	75,461	69,942	5,901
– Gross Shorts:	70,541	77,432	3,331
– Long to Short Ratio:	1.1 to 1	0.9 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.4	69.7	53.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	29.4	-30.3	15.6

Brazilian Real Futures:

The Brazilian Real large speculator standing this week was a net position of -11,369 contracts in the data reported through Tuesday. This was a weekly fall of -557 contracts from the previous week which had a total of -10,812 net contracts.

This 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 53.4 percent. The commercials are Bearish with a score of 47.8 percent and the small traders (not shown in chart) are Bullish with a score of 74.2 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.1	56.6	8.9
– Percent of Open Interest Shorts:	69.6	23.1	7.0
– Net Position:	-11,369	10,759	610
– Gross Longs:	10,958	18,179	2,841
– Gross Shorts:	22,327	7,420	2,231
– Long to Short Ratio:	0.5 to 1	2.5 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.4	47.8	74.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.7	6.6	9.9

Russian Ruble Futures:

The Russian Ruble large speculator standing this week was a net position of 6,422 contracts in the data reported through Tuesday. This was a weekly decrease of -3,195 contracts from the previous week which had a total of 9,617 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.6 percent. The commercials are Bullish with a score of 68.9 percent and the small traders (not shown in chart) are Bullish with a score of 57.1 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.3	60.0	4.6
– Percent of Open Interest Shorts:	21.2	75.9	2.8
– Net Position:	6,422	-7,251	829
– Gross Longs:	16,034	27,233	2,101
– Gross Shorts:	9,612	34,484	1,272
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	28.6	68.9	57.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.5	19.1	-25.4

Bitcoin Futures:

The Bitcoin large speculator standing this week was a net position of -549 contracts in the data reported through Tuesday. This was a weekly decline of -172 contracts from the previous week which had a total of -377 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 90.9 percent. The commercials are Bearish with a score of 28.5 percent and the small traders (not shown in chart) are Bearish with a score of 25.9 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	73.4	3.1	12.3
– Percent of Open Interest Shorts:	78.2	3.3	7.3
– Net Position:	-549	-22	571
– Gross Longs:	8,417	355	1,407
– Gross Shorts:	8,966	377	836
– Long to Short Ratio:	0.9 to 1	0.9 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	90.9	28.5	25.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.4	-13.2	-5.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

22 Jan

COT Bonds Speculators sharply reduce 5-Year Treasury bearish bets for 2nd week

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

The latest COT data is updated through Tuesday January 18th 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 retreat in the 5-Year Bond bearish bets over the past couple of weeks. Speculators have reduced their bearish bets for the 5-Year Bond sharply for two straight weeks and by a total of 185,701 contracts over that two-week time-frame. This has brought the total net speculator standing from -402,875 contracts on January 4th to -217,174 contracts on January 18th. The drop in bearish bets brings the overall speculator standing to the least bearish level since September 21st when positions totaled -147,423 contracts. Speculative positions have been trending more and more bearish since early September as sentiment for bonds in general has eroded.

Joining the 5-Year (82,483 contracts) in gaining this week were the 10-Year (72,397 contracts), Long US Bond (17,542 contracts) and the FedFunds (55,280 contracts) while decreasing bets for the week were seen in Eurodollar (-46,964 contracts), 2-Year Bond (-13,181 contracts), Ultra 10-Year (-18,214 contracts) and the Ultra US Bond (-28,819 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Jan-18-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	11,026,173	45	-1,827,293	0	2,222,703	100	-395,410	20
FedFunds	1,708,635	52	-12,274	38	34,660	64	-22,386	6
2-Year	2,107,849	13	38,636	90	26,788	26	-65,424	3
Long T-Bond	1,219,356	52	-47,496	76	60,037	39	-12,541	43
10-Year	3,890,037	57	-271,442	30	538,664	89	-267,222	16
5-Year	3,826,115	38	-217,174	43	479,188	76	-262,014	9

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week resulted in a net position of -1,827,293 contracts in the data reported through Tuesday. This was a weekly decline of -46,964 contracts from the previous week which had a total of -1,780,329 net contracts.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.0	72.1	4.0
– Percent of Open Interest Shorts:	23.6	51.9	7.6
– Net Position:	-1,827,293	2,222,703	-395,410
– Gross Longs:	773,690	7,949,491	440,653
– Gross Shorts:	2,600,983	5,726,788	836,063
– Long to Short Ratio:	0.3 to 1	1.4 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	19.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.4	8.2	16.9

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week resulted in a net position of -12,274 contracts in the data reported through Tuesday. This was a weekly boost of 55,280 contracts from the previous week which had a total of -67,554 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.1 percent. The commercials are Bullish with a score of 64.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.4 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.7	76.1	1.4
– Percent of Open Interest Shorts:	6.4	74.1	2.7
– Net Position:	-12,274	34,660	-22,386
– Gross Longs:	97,755	1,300,612	24,099
– Gross Shorts:	110,029	1,265,952	46,485
– Long to Short Ratio:	0.9 to 1	1.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	38.1	64.1	6.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.5	-10.3	-39.1

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week resulted in a net position of 38,636 contracts in the data reported through Tuesday. This was a weekly lowering of -13,181 contracts from the previous week which had a total of 51,817 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 90.1 percent. The commercials are Bearish with a score of 25.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 3.3 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.1	71.5	5.9
– Percent of Open Interest Shorts:	17.3	70.2	9.0
– Net Position:	38,636	26,788	-65,424
– Gross Longs:	402,602	1,506,177	123,871
– Gross Shorts:	363,966	1,479,389	189,295
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	90.1	25.7	3.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.2	1.1	-5.7

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week resulted in a net position of -217,174 contracts in the data reported through Tuesday. This was a weekly advance of 82,483 contracts from the previous week which had a total of -299,657 net contracts.

This 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 43.0 percent. The commercials are Bullish with a score of 76.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.1 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.2	81.2	6.8
– Percent of Open Interest Shorts:	14.9	68.7	13.6
– Net Position:	-217,174	479,188	-262,014
– Gross Longs:	352,444	3,107,310	258,755
– Gross Shorts:	569,618	2,628,122	520,769
– 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):	43.0	76.4	9.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	31.1	-19.1	-6.2

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week resulted in a net position of -271,442 contracts in the data reported through Tuesday. This was a weekly boost of 72,397 contracts from the previous week which had a total of -343,839 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 Bearish with a score of 30.2 percent. The commercials are Bullish-Extreme with a score of 89.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.4 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.9	77.3	7.9
– Percent of Open Interest Shorts:	18.8	63.5	14.8
– Net Position:	-271,442	538,664	-267,222
– Gross Longs:	461,290	3,008,535	307,390
– Gross Shorts:	732,732	2,469,871	574,612
– 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):	30.2	89.2	16.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.7	-0.0	1.1

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week resulted in a net position of 76,030 contracts in the data reported through Tuesday. This was a weekly reduction of -18,214 contracts from the previous week which had a total of 94,244 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.8 percent. The commercials are Bullish with a score of 73.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.0 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.1	72.0	8.0
– Percent of Open Interest Shorts:	13.6	64.5	21.0
– Net Position:	76,030	104,304	-180,334
– Gross Longs:	265,790	1,003,270	111,865
– Gross Shorts:	189,760	898,966	292,199
– 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):	47.8	73.5	7.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.9	14.0	-7.4

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week resulted in a net position of -47,496 contracts in the data reported through Tuesday. This was a weekly boost of 17,542 contracts from the previous week which had a total of -65,038 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.4 percent. The commercials are Bearish with a score of 39.3 percent and the small traders (not shown in chart) are Bearish with a score of 42.6 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.0	73.1	13.9
– Percent of Open Interest Shorts:	14.9	68.2	14.9
– Net Position:	-47,496	60,037	-12,541
– Gross Longs:	133,654	891,364	169,177
– Gross Shorts:	181,150	831,327	181,718
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.4	39.3	42.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.4	11.2	-27.0

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week resulted in a net position of -338,350 contracts in the data reported through Tuesday. This was a weekly decline of -28,819 contracts from the previous week which had a total of -309,531 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.2 percent. The commercials are Bullish with a score of 62.8 percent and the small traders (not shown in chart) are Bullish with a score of 54.3 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.2	81.4	12.3
– Percent of Open Interest Shorts:	31.7	57.7	9.5
– Net Position:	-338,350	302,042	36,308
– Gross Longs:	66,240	1,037,064	157,285
– Gross Shorts:	404,590	735,022	120,977
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.2	62.8	54.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.6	13.7	14.4

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

22 Jan

COT Metals Speculators renewing Copper bullish bets after previous retreat

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 18th 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 turnaround in the Copper futures bets. Speculative positions in Copper rose this week for the third time in the past four weeks directly following a previous streak of nine weekly decreases in spec contracts. Those declines from October 26th to December 21st brought the Copper contracts to the lowest level in eighty-one weeks, dating back to June of 2020. Since December 21st, the Copper speculator positions have had a turnaround and risen by a total of 17,873 contracts. The overall Copper spec standing is currently back above the +20,000 contract level for the first time since November and sits at the highest net standing since November 9th.

Joining Copper (5,604 contracts) in falling this week were Silver (2,152 contracts) and Platinum (1,940 contracts) while the markets with lower speculator bets were Gold (-5,530 contracts) and Palladium (-331 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Jan-18-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,059,564	29	385,781	32	-427,052	59	41,271	73
Gold	539,204	30	194,207	50	-221,068	50	26,861	40
Silver	148,737	15	29,700	52	-41,540	58	11,840	12
Copper	203,198	29	22,310	58	-30,538	38	8,228	73
Palladium	9,372	13	-3,309	3	3,409	96	-100	39
Platinum	57,321	17	7,229	13	-12,911	91	5,682	41
Natural Gas	1,169,188	14	-118,047	43	86,174	58	31,873	60
Brent	227,413	61	-20,206	84	17,211	18	2,995	50
Heating Oil	367,686	42	14,827	64	-39,935	29	25,108	85
Soybeans	692,022	20	128,015	62	-92,198	44	-35,817	12
Corn	1,487,858	19	388,138	80	-342,687	23	-45,451	17
Coffee	264,394	32	63,784	95	-66,937	7	3,153	10
Sugar	882,598	13	113,168	60	-127,053	44	13,885	25
Wheat	378,456	23	4,840	51	5,160	46	-10,000	54

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week totaled a net position of 194,207 contracts in the data reported through Tuesday. This was a weekly reduction of -5,530 contracts from the previous week which had a total of 199,737 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.6 percent. The commercials are Bullish with a score of 50.1 percent and the small traders (not shown in chart) are Bearish with a score of 40.4 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.9	24.6	8.7
– Percent of Open Interest Shorts:	17.9	65.6	3.7
– Net Position:	194,207	-221,068	26,861
– Gross Longs:	290,528	132,764	46,978
– Gross Shorts:	96,321	353,832	20,117
– Long to Short Ratio:	3.0 to 1	0.4 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.6	50.1	40.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.3	7.5	-4.5

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week totaled a net position of 29,700 contracts in the data reported through Tuesday. This was a weekly gain of 2,152 contracts from the previous week which had a total of 27,548 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 52.0 percent. The commercials are Bullish with a score of 58.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.8 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.4	33.8	16.6
– Percent of Open Interest Shorts:	24.4	61.8	8.7
– Net Position:	29,700	-41,540	11,840
– Gross Longs:	65,985	50,331	24,763
– Gross Shorts:	36,285	91,871	12,923
– Long to Short Ratio:	1.8 to 1	0.5 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.0	58.1	11.8
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.1	1.6	-8.6

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week totaled a net position of 22,310 contracts in the data reported through Tuesday. This was a weekly advance of 5,604 contracts from the previous week which had a total of 16,706 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.4 percent. The commercials are Bearish with a score of 38.5 percent and the small traders (not shown in chart) are Bullish with a score of 72.9 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	38.2	39.1	9.3
– Percent of Open Interest Shorts:	27.2	54.1	5.3
– Net Position:	22,310	-30,538	8,228
– Gross Longs:	77,673	79,455	18,943
– Gross Shorts:	55,363	109,993	10,715
– Long to Short Ratio:	1.4 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.4	38.5	72.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.9	-11.2	7.0

Platinum Futures:

The Platinum Futures large speculator standing this week totaled a net position of 7,229 contracts in the data reported through Tuesday. This was a weekly increase of 1,940 contracts from the previous week which had a total of 5,289 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 12.8 percent. The commercials are Bullish-Extreme with a score of 90.6 percent and the small traders (not shown in chart) are Bearish with a score of 41.3 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	47.6	33.2	15.6
– Percent of Open Interest Shorts:	35.0	55.7	5.7
– Net Position:	7,229	-12,911	5,682
– Gross Longs:	27,304	19,007	8,945
– Gross Shorts:	20,075	31,918	3,263
– Long to Short Ratio:	1.4 to 1	0.6 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	12.8	90.6	41.3
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	-1.1	-5.5

Palladium Futures:

The Palladium Futures large speculator standing this week totaled a net position of -3,309 contracts in the data reported through Tuesday. This was a weekly decrease of -331 contracts from the previous week which had a total of -2,978 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 2.5 percent. The commercials are Bullish-Extreme with a score of 96.2 percent and the small traders (not shown in chart) are Bearish with a score of 38.8 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.6	56.8	13.6
– Percent of Open Interest Shorts:	63.9	20.4	14.7
– Net Position:	-3,309	3,409	-100
– Gross Longs:	2,682	5,323	1,275
– Gross Shorts:	5,991	1,914	1,375
– Long to Short Ratio:	0.4 to 1	2.8 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.5	96.2	38.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.2	2.0	12.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

22 Jan

COT Energy Speculators boost WTI Crude Oil bullish bets for 2nd week as Oil price gains

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 18th 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 renewed bullishness in the WTI Crude Oil futures bets over the past two weeks. The speculative net position in the WTI Crude Oil futures has jumped by over +25,000 contracts in each of the past two weeks (two-week total gain of +52,956 contracts) following eight straight weeks of declining speculator bets previously. This renewed push higher has brought the overall speculator bullish standing to its best level of the past seven weeks. The jump in WTI bets has coincided with a rise in the WTI Crude Oil prices that have reached their best levels since 2014 around the $87 per barrel threshold.

Joining WTI Crude Oil (25,276 contracts) in rising this week were Natural Gas (4,517 contracts), Gasoline (1,287 contracts) and the Bloomberg Commodity Index (5,328 contracts).

The energy markets with lower speculator bets this week were Brent Crude Oil (-3,515 contracts) and Heating Oil (-1,048 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Jan-18-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,059,564	29	385,781	32	-427,052	59	41,271	73
Gold	539,204	30	194,207	50	-221,068	50	26,861	40
Silver	148,737	15	29,700	52	-41,540	58	11,840	12
Copper	203,198	29	22,310	58	-30,538	38	8,228	73
Palladium	9,372	13	-3,309	3	3,409	96	-100	39
Platinum	57,321	17	7,229	13	-12,911	91	5,682	41
Natural Gas	1,169,188	14	-118,047	43	86,174	58	31,873	60
Brent	227,413	61	-20,206	84	17,211	18	2,995	50
Heating Oil	367,686	42	14,827	64	-39,935	29	25,108	85
Soybeans	692,022	20	128,015	62	-92,198	44	-35,817	12
Corn	1,487,858	19	388,138	80	-342,687	23	-45,451	17
Coffee	264,394	32	63,784	95	-66,937	7	3,153	10
Sugar	882,598	13	113,168	60	-127,053	44	13,885	25
Wheat	378,456	23	4,840	51	5,160	46	-10,000	54

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week equaled a net position of 385,781 contracts in the data reported through Tuesday. This was a weekly advance of 25,276 contracts from the previous week which had a total of 360,505 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.4 percent. The commercials are Bullish with a score of 58.6 percent and the small traders (not shown in chart) are Bullish with a score of 73.2 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.4	36.9	5.0
– Percent of Open Interest Shorts:	5.7	57.6	3.0
– Net Position:	385,781	-427,052	41,271
– Gross Longs:	503,178	759,825	102,689
– Gross Shorts:	117,397	1,186,877	61,418
– Long to Short Ratio:	4.3 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	32.4	58.6	73.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.2	-8.6	11.4

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week equaled a net position of -20,206 contracts in the data reported through Tuesday. This was a weekly reduction of -3,515 contracts from the previous week which had a total of -16,691 net contracts.

This 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 83.7 percent. The commercials are Bearish-Extreme with a score of 17.9 percent and the small traders (not shown in chart) are Bearish with a score of 49.7 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.6	42.7	3.6
– Percent of Open Interest Shorts:	27.5	35.2	2.3
– Net Position:	-20,206	17,211	2,995
– Gross Longs:	42,379	97,204	8,286
– Gross Shorts:	62,585	79,993	5,291
– 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):	83.7	17.9	49.7
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.4	0.2	-4.7

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week equaled a net position of -118,047 contracts in the data reported through Tuesday. This was a weekly lift of 4,517 contracts from the previous week which had a total of -122,564 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 43.2 percent. The commercials are Bullish with a score of 58.0 percent and the small traders (not shown in chart) are Bullish with a score of 59.7 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.3	41.5	4.8
– Percent of Open Interest Shorts:	30.4	34.2	2.1
– Net Position:	-118,047	86,174	31,873
– Gross Longs:	237,851	485,729	56,405
– Gross Shorts:	355,898	399,555	24,532
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	43.2	58.0	59.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.3	-4.2	-3.0

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week equaled a net position of 60,789 contracts in the data reported through Tuesday. This was a weekly gain of 1,287 contracts from the previous week which had a total of 59,502 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.0 percent. The commercials are Bullish with a score of 69.7 percent and the small traders (not shown in chart) are Bullish with a score of 50.2 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	49.0	6.2
– Percent of Open Interest Shorts:	12.4	67.4	4.5
– Net Position:	60,789	-67,265	6,476
– Gross Longs:	105,959	179,287	22,808
– Gross Shorts:	45,170	246,552	16,332
– Long to Short Ratio:	2.3 to 1	0.7 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	32.0	69.7	50.2
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.1	-13.2	13.6

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week equaled a net position of 14,827 contracts in the data reported through Tuesday. This was a weekly lowering of -1,048 contracts from the previous week which had a total of 15,875 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 64.2 percent. The commercials are Bearish with a score of 28.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 85.3 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.3	50.5	13.9
– Percent of Open Interest Shorts:	12.2	61.4	7.1
– Net Position:	14,827	-39,935	25,108
– Gross Longs:	59,763	185,764	51,279
– Gross Shorts:	44,936	225,699	26,171
– Long to Short Ratio:	1.3 to 1	0.8 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	64.2	28.7	85.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.2	-19.8	42.8

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week equaled a net position of -16,277 contracts in the data reported through Tuesday. This was a weekly boost of 5,328 contracts from the previous week which had a total of -21,605 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 45.2 percent. The commercials are Bullish with a score of 53.7 percent and the small traders (not shown in chart) are Bearish with a score of 39.7 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	62.6	33.8	1.2
– Percent of Open Interest Shorts:	96.3	1.2	0.1
– Net Position:	-16,277	15,708	569
– Gross Longs:	30,232	16,308	595
– Gross Shorts:	46,509	600	26
– Long to Short Ratio:	0.7 to 1	27.2 to 1	22.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.2	53.7	39.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.6	-0.6	0.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

22 Jan

COT Soft Commodities Speculators drop Corn bullish bets for 3rd week to 10-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 January 18th 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 soft commodities data is the recent declines in Corn futures bets. The speculative net position in the Corn futures has fallen for three straight weeks with a total drop by -70,038 contracts over that time-frame. This has brought the current net standing to the lowest level of the past ten weeks and under the +400,000 net contract level for the first time since November 30th. The Corn strength score (current speculator standing compared to past three years where above 80 is bullish extreme & below 20 is bearish extreme) also dipped and fell below the extreme bullish line of 80 percent this week (also first time in 10 weeks) to sit currently at 79.6 percent.

The soft commodities that saw higher speculator bets this week were Coffee (3,616 contracts), Soybean Oil (1,586 contracts), Live Cattle (1,742 contracts), Cotton (1,304 contracts), Cocoa (13,281 contracts), and Wheat (6,306 contracts).

Markets with lower speculator bets this week were Corn (-19,354 contracts), Sugar (-9,757 contracts), Lean Hogs (-2,349 contracts), Soybean Meal (-16,281 contracts) and Soybeans (-10,257 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Jan-18-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,059,564	29	385,781	32	-427,052	59	41,271	73
Gold	539,204	30	194,207	50	-221,068	50	26,861	40
Silver	148,737	15	29,700	52	-41,540	58	11,840	12
Copper	203,198	29	22,310	58	-30,538	38	8,228	73
Palladium	9,372	13	-3,309	3	3,409	96	-100	39
Platinum	57,321	17	7,229	13	-12,911	91	5,682	41
Natural Gas	1,169,188	14	-118,047	43	86,174	58	31,873	60
Brent	227,413	61	-20,206	84	17,211	18	2,995	50
Heating Oil	367,686	42	14,827	64	-39,935	29	25,108	85
Soybeans	692,022	20	128,015	62	-92,198	44	-35,817	12
Corn	1,487,858	19	388,138	80	-342,687	23	-45,451	17
Coffee	264,394	32	63,784	95	-66,937	7	3,153	10
Sugar	882,598	13	113,168	60	-127,053	44	13,885	25
Wheat	378,456	23	4,840	51	5,160	46	-10,000	54

CORN Futures:

The CORN large speculator standing this week equaled a net position of 388,138 contracts in the data reported through Tuesday. This was a weekly decline of -19,354 contracts from the previous week which had a total of 407,492 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 79.6 percent. The commercials are Bearish with a score of 23.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.9 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.0	46.3	9.3
– Percent of Open Interest Shorts:	5.9	69.3	12.4
– Net Position:	388,138	-342,687	-45,451
– Gross Longs:	476,449	688,600	138,491
– Gross Shorts:	88,311	1,031,287	183,942
– Long to Short Ratio:	5.4 to 1	0.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	79.6	23.1	16.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.9	3.6	-1.4

SUGAR Futures:

The SUGAR large speculator standing this week equaled a net position of 113,168 contracts in the data reported through Tuesday. This was a weekly decrease of -9,757 contracts from the previous week which had a total of 122,925 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.9 percent. The commercials are Bearish with a score of 44.1 percent and the small traders (not shown in chart) are Bearish with a score of 25.0 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.8	54.4	8.5
– Percent of Open Interest Shorts:	9.0	68.8	6.9
– Net Position:	113,168	-127,053	13,885
– Gross Longs:	192,577	480,302	74,979
– Gross Shorts:	79,409	607,355	61,094
– Long to Short Ratio:	2.4 to 1	0.8 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.9	44.1	25.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.0	17.9	-20.0

COFFEE Futures:

The COFFEE large speculator standing this week equaled a net position of 63,784 contracts in the data reported through Tuesday. This was a weekly increase of 3,616 contracts from the previous week which had a total of 60,168 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.9 percent. The commercials are Bearish-Extreme with a score of 7.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.1 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.7	42.6	3.9
– Percent of Open Interest Shorts:	4.6	68.0	2.8
– Net Position:	63,784	-66,937	3,153
– Gross Longs:	75,931	112,761	10,428
– Gross Shorts:	12,147	179,698	7,275
– Long to Short Ratio:	6.3 to 1	0.6 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.9	7.4	10.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-1.1	-0.7

SOYBEANS Futures:

The SOYBEANS large speculator standing this week equaled a net position of 128,015 contracts in the data reported through Tuesday. This was a weekly decline of -10,257 contracts from the previous week which had a total of 138,272 net contracts.

This 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 62.0 percent. The commercials are Bearish with a score of 44.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.2 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.0	52.5	6.8
– Percent of Open Interest Shorts:	7.5	65.9	11.9
– Net Position:	128,015	-92,198	-35,817
– Gross Longs:	179,661	363,536	46,718
– Gross Shorts:	51,646	455,734	82,535
– Long to Short Ratio:	3.5 to 1	0.8 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.0	44.1	12.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.9	-16.3	1.8

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week equaled a net position of 51,503 contracts in the data reported through Tuesday. This was a weekly gain of 1,586 contracts from the previous week which had a total of 49,917 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.6 percent. The commercials are Bearish with a score of 49.7 percent and the small traders (not shown in chart) are Bearish with a score of 45.5 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.5	50.7	8.3
– Percent of Open Interest Shorts:	11.4	66.0	6.1
– Net Position:	51,503	-60,100	8,597
– Gross Longs:	96,428	199,019	32,509
– Gross Shorts:	44,925	259,119	23,912
– 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):	51.6	49.7	45.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.9	2.7	20.7

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week equaled a net position of 80,893 contracts in the data reported through Tuesday. This was a weekly lowering of -16,281 contracts from the previous week which had a total of 97,174 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.2 percent. The commercials are Bearish with a score of 20.9 percent and the small traders (not shown in chart) are Bullish with a score of 79.2 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.6	46.7	12.5
– Percent of Open Interest Shorts:	6.9	72.9	6.0
– Net Position:	80,893	-107,973	27,080
– Gross Longs:	109,188	191,878	51,582
– Gross Shorts:	28,295	299,851	24,502
– Long to Short Ratio:	3.9 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.2	20.9	79.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.5	-18.9	21.6

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week equaled a net position of 63,562 contracts in the data reported through Tuesday. This was a weekly rise of 1,742 contracts from the previous week which had a total of 61,820 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.7 percent. The commercials are Bullish with a score of 60.1 percent and the small traders (not shown in chart) are Bullish with a score of 73.8 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.9	38.5	10.8
– Percent of Open Interest Shorts:	14.6	56.2	12.4
– Net Position:	63,562	-58,078	-5,484
– Gross Longs:	111,509	126,608	35,421
– Gross Shorts:	47,947	184,686	40,905
– Long to Short Ratio:	2.3 to 1	0.7 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	31.7	60.1	73.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.4	4.9	19.6

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week equaled a net position of 48,305 contracts in the data reported through Tuesday. This was a weekly lowering of -2,349 contracts from the previous week which had a total of 50,654 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 60.9 percent. The commercials are Bearish with a score of 48.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.6 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.3	37.6	7.6
– Percent of Open Interest Shorts:	14.7	52.3	14.5
– Net Position:	48,305	-32,883	-15,422
– Gross Longs:	81,054	83,993	16,970
– Gross Shorts:	32,749	116,876	32,392
– Long to Short Ratio:	2.5 to 1	0.7 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.9	48.9	13.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.2	2.3	7.6

COTTON Futures:

The COTTON large speculator standing this week equaled a net position of 95,126 contracts in the data reported through Tuesday. This was a weekly advance of 1,304 contracts from the previous week which had a total of 93,822 net contracts.

This 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 83.3 percent. The commercials are Bearish-Extreme with a score of 14.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 95.5 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.7	34.0	8.5
– Percent of Open Interest Shorts:	5.4	77.6	3.2
– Net Position:	95,126	-108,260	13,134
– Gross Longs:	108,446	84,470	21,002
– Gross Shorts:	13,320	192,730	7,868
– Long to Short Ratio:	8.1 to 1	0.4 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	83.3	14.7	95.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.3	-5.3	24.0

COCOA Futures:

The COCOA large speculator standing this week equaled a net position of 28,214 contracts in the data reported through Tuesday. This was a weekly rise of 13,281 contracts from the previous week which had a total of 14,933 net contracts.

This 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 51.4 percent and the small traders (not shown in chart) are Bearish with a score of 38.1 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.3	48.1	5.0
– Percent of Open Interest Shorts:	14.6	60.9	3.9
– Net Position:	28,214	-30,821	2,607
– Gross Longs:	63,470	116,402	12,024
– Gross Shorts:	35,256	147,223	9,417
– 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):	49.1	51.4	38.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	34.0	-34.5	14.9

WHEAT Futures:

The WHEAT large speculator standing this week equaled a net position of 4,840 contracts in the data reported through Tuesday. This was a weekly advance of 6,306 contracts from the previous week which had a total of -1,466 net contracts.

This 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 51.1 percent. The commercials are Bearish with a score of 45.9 percent and the small traders (not shown in chart) are Bullish with a score of 53.8 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.2	41.0	8.0
– Percent of Open Interest Shorts:	26.9	39.6	10.7
– Net Position:	4,840	5,160	-10,000
– Gross Longs:	106,763	155,144	30,339
– Gross Shorts:	101,923	149,984	40,339
– Long to Short Ratio:	1.0 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.1	45.9	53.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.2	13.2	-13.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

15 Jan

COT Currency Speculators raise their Euro bets into bullish territory

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 11th 2022 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data is the bounce back into bullish territory for the Euro in the currency futures contracts. Euro speculators boosted their bets for a fourth consecutive week this week and brought the overall speculator position into its first bullish standing in the past nine weeks (the current net position is now +6,005 contracts). Euro bets had spent from March 2020 through September 2021 in bullish territory with the Euro price reaching as high as 1.2350 before faltering. Speculator bets dropped into bearish territory in October as the euro was in the middle of a downtrend that reached a low of approximately 1.12 on November 24th. Since then, the euro has climbed back above 1.14 and the speculator positions have tipped their toes back into bullish territory. Could a bullish trend change follow?

Joining the Euro (7,559 contracts) with positive changes this week were the Swiss franc (1,869 contracts), British pound sterling (10,005 contracts), New Zealand dollar (241 contracts), Canadian dollar (3,649 contracts), Russian ruble (2,288 contracts), Bitcoin (227 contracts) and the Mexican peso (5,039 contracts).

The currencies with declining bets were the US Dollar Index (-1,186 contracts), yen (-25,263 contracts), Australian dollar (-2,120 contracts) and the Brazil real (-9,736 contracts).

Data Snapshot of Forex Market Traders | Columns Legend

Jan-11-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	57,218	83	37,892	91	-44,146	1	6,254	85
EUR	682,293	77	6,005	37	-33,390	66	27,385	20
GBP	200,493	39	-29,166	53	38,032	52	-8,866	37
JPY	234,005	78	-87,525	13	108,392	90	-20,867	5
CHF	42,713	18	-7,660	57	15,599	48	-7,939	40
CAD	138,571	22	-7,376	44	1,996	58	5,380	40
AUD	185,453	72	-91,486	0	103,609	96	-12,123	23
NZD	42,066	28	-8,604	57	10,304	46	-1,700	32
MXN	127,155	15	-4,451	25	1,238	73	3,213	57
RUB	44,981	45	9,617	36	-11,074	60	1,457	74
BRL	31,087	29	-10,812	54	10,848	48	-36	66
Bitcoin	10,855	58	-377	95	-182	0	559	26

US Dollar Index Futures:

The US Dollar Index large speculator standing this week resulted in a net position of 37,892 contracts in the data reported through Tuesday. This was a weekly decrease of -1,186 contracts from the previous week which had a total of 39,078 net contracts.

This 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 91.1 percent. The commercials are Bearish-Extreme with a score of 1.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.9 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.2	3.0	14.7
– Percent of Open Interest Shorts:	13.9	80.2	3.7
– Net Position:	37,892	-44,146	6,254
– Gross Longs:	45,872	1,741	8,396
– Gross Shorts:	7,980	45,887	2,142
– Long to Short Ratio:	5.7 to 1	0.0 to 1	3.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.1	1.2	84.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.5	-6.2	18.5

Euro Currency Futures:

The Euro Currency large speculator standing this week resulted in a net position of 6,005 contracts in the data reported through Tuesday. This was a weekly gain of 7,559 contracts from the previous week which had a total of -1,554 net contracts.

This 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 36.8 percent. The commercials are Bullish with a score of 66.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.8 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.0	57.0	11.7
– Percent of Open Interest Shorts:	29.1	61.9	7.7
– Net Position:	6,005	-33,390	27,385
– Gross Longs:	204,361	389,191	79,993
– Gross Shorts:	198,356	422,581	52,608
– Long to Short Ratio:	1.0 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	36.8	66.3	19.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.0	-6.4	-11.1

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week resulted in a net position of -29,166 contracts in the data reported through Tuesday. This was a weekly rise of 10,005 contracts from the previous week which had a total of -39,171 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.0 percent. The commercials are Bullish with a score of 52.2 percent and the small traders (not shown in chart) are Bearish with a score of 37.3 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.2	72.1	11.4
– Percent of Open Interest Shorts:	29.8	53.1	15.8
– Net Position:	-29,166	38,032	-8,866
– Gross Longs:	30,506	144,550	22,846
– Gross Shorts:	59,672	106,518	31,712
– Long to Short Ratio:	0.5 to 1	1.4 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.0	52.2	37.3
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.0	-9.3	12.4

Japanese Yen Futures:

The Japanese Yen large speculator standing this week resulted in a net position of -87,525 contracts in the data reported through Tuesday. This was a weekly fall of -25,263 contracts from the previous week which had a total of -62,262 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 12.7 percent. The commercials are Bullish-Extreme with a score of 90.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.6 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.6	81.1	7.5
– Percent of Open Interest Shorts:	47.0	34.7	16.5
– Net Position:	-87,525	108,392	-20,867
– Gross Longs:	22,364	189,708	17,631
– Gross Shorts:	109,889	81,316	38,498
– Long to Short Ratio:	0.2 to 1	2.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	12.7	90.0	4.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.5	8.1	-16.8

Swiss Franc Futures:

The Swiss Franc large speculator standing this week resulted in a net position of -7,660 contracts in the data reported through Tuesday. This was a weekly rise of 1,869 contracts from the previous week which had a total of -9,529 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.6 percent. The commercials are Bearish with a score of 48.4 percent and the small traders (not shown in chart) are Bearish with a score of 40.0 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.7	65.3	23.7
– Percent of Open Interest Shorts:	28.6	28.8	42.3
– Net Position:	-7,660	15,599	-7,939
– Gross Longs:	4,571	27,897	10,124
– Gross Shorts:	12,231	12,298	18,063
– Long to Short Ratio:	0.4 to 1	2.3 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.6	48.4	40.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.4	-6.3	-2.8

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week resulted in a net position of -7,376 contracts in the data reported through Tuesday. This was a weekly gain of 3,649 contracts from the previous week which had a total of -11,025 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.4 percent. The commercials are Bullish with a score of 57.6 percent and the small traders (not shown in chart) are Bearish with a score of 40.5 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.0	43.0	22.2
– Percent of Open Interest Shorts:	37.3	41.5	18.3
– Net Position:	-7,376	1,996	5,380
– Gross Longs:	44,284	59,569	30,707
– Gross Shorts:	51,660	57,573	25,327
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.4	57.6	40.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.1	-5.4	2.3

Australian Dollar Futures:

The Australian Dollar large speculator standing this week resulted in a net position of -91,486 contracts in the data reported through Tuesday. This was a weekly fall of -2,120 contracts from the previous week which had a total of -89,366 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 96.2 percent and the small traders (not shown in chart) are Bearish with a score of 22.9 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.7	81.1	9.9
– Percent of Open Interest Shorts:	56.0	25.2	16.5
– Net Position:	-91,486	103,609	-12,123
– Gross Longs:	12,383	150,375	18,406
– Gross Shorts:	103,869	46,766	30,529
– Long to Short Ratio:	0.1 to 1	3.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	96.2	22.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.5	6.6	5.9

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week resulted in a net position of -8,604 contracts in the data reported through Tuesday. This was a weekly increase of 241 contracts from the previous week which had a total of -8,845 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.8 percent. The commercials are Bearish with a score of 46.3 percent and the small traders (not shown in chart) are Bearish with a score of 32.4 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.1	65.7	7.1
– Percent of Open Interest Shorts:	46.5	41.2	11.1
– Net Position:	-8,604	10,304	-1,700
– Gross Longs:	10,960	27,650	2,979
– Gross Shorts:	19,564	17,346	4,679
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.8	46.3	32.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-32.3	30.2	-4.3

Mexican Peso Futures:

The Mexican Peso large speculator standing this week resulted in a net position of -4,451 contracts in the data reported through Tuesday. This was a weekly increase of 5,039 contracts from the previous week which had a total of -9,490 net contracts.

This 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 25.4 percent. The commercials are Bullish with a score of 73.3 percent and the small traders (not shown in chart) are Bullish with a score of 56.6 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.8	52.8	5.0
– Percent of Open Interest Shorts:	45.3	51.9	2.4
– Net Position:	-4,451	1,238	3,213
– Gross Longs:	53,194	67,173	6,301
– Gross Shorts:	57,645	65,935	3,088
– Long to Short Ratio:	0.9 to 1	1.0 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	25.4	73.3	56.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.6	-25.0	19.4

Brazilian Real Futures:

The Brazilian Real large speculator standing this week resulted in a net position of -10,812 contracts in the data reported through Tuesday. This was a weekly decrease of -9,736 contracts from the previous week which had a total of -1,076 net contracts.

This 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 54.2 percent. The commercials are Bearish with a score of 47.9 percent and the small traders (not shown in chart) are Bullish with a score of 66.4 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.5	66.9	8.8
– Percent of Open Interest Shorts:	58.3	32.0	8.9
– Net Position:	-10,812	10,848	-36
– Gross Longs:	7,312	20,801	2,721
– Gross Shorts:	18,124	9,953	2,757
– Long to Short Ratio:	0.4 to 1	2.1 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.2	47.9	66.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.1	-5.6	14.4

Russian Ruble Futures:

The Russian Ruble large speculator standing this week resulted in a net position of 9,617 contracts in the data reported through Tuesday. This was a weekly gain of 2,288 contracts from the previous week which had a total of 7,329 net contracts.

This 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 36.2 percent. The commercials are Bullish with a score of 60.2 percent and the small traders (not shown in chart) are Bullish with a score of 74.1 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.7	52.0	5.2
– Percent of Open Interest Shorts:	21.3	76.6	2.0
– Net Position:	9,617	-11,074	1,457
– Gross Longs:	19,191	23,402	2,357
– Gross Shorts:	9,574	34,476	900
– Long to Short Ratio:	2.0 to 1	0.7 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	36.2	60.2	74.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.5	10.4	-14.6

Bitcoin Futures:

The Bitcoin large speculator standing this week resulted in a net position of -377 contracts in the data reported through Tuesday. This was a weekly boost of 227 contracts from the previous week which had a total of -604 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.9 percent. The commercials are Bearish-Extreme with a score of 13.2 percent and the small traders (not shown in chart) are Bearish with a score of 25.6 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	73.9	3.2	13.3
– Percent of Open Interest Shorts:	77.4	4.9	8.1
– Net Position:	-377	-182	559
– Gross Longs:	8,025	347	1,441
– Gross Shorts:	8,402	529	882
– Long to Short Ratio:	1.0 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.9	13.2	25.6
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	30.9	-83.7	-9.9

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News investing Opinions

Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.

All information and opinions on this website are for general informational purposes only and do not constitute investment advice.