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COT Soft Commodities Speculators raise their Corn bullish bets for 3rd 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 December 7th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting this week’s COT soft commodities data is the recent rises in Corn futures bets. The speculative net position in the Corn futures has gained in three out of the past four weeks with the total rise of +35,516 contracts over that four-week time-frame. The current net standing is now over +400,000 net contracts for just the second time in the past twenty-five weeks as Corn continues to hold an extreme bullish strength score at 82.5 percent (current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme).

The soft commodities that saw higher bets this week were Corn (15,902 contracts), Soybeans (4,337 contracts) and Live Cattle (2,869 contracts).

The markets that saw lower bets this week were Sugar (-23,756 contracts), Coffee (-3,681 contracts), Soybean Oil (-2,602 contracts), Soybean Meal (-8,478 contracts), Lean Hogs (-7,652 contracts), Cotton (-6,981 contracts), Cocoa (-1,598 contracts), and Wheat (-2,627 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,972,536	3	367,232	29	-400,431	62	33,199	62
Gold	499,307	23	217,185	57	-245,623	43	28,438	45
Silver	136,572	4	29,833	52	-43,148	57	13,315	17
Copper	173,954	8	7,204	48	-14,219	50	7,015	66
Palladium	9,253	12	-2,731	4	3,036	97	-305	27
Platinum	65,134	30	6,062	11	-12,138	92	6,076	47
Natural Gas	1,205,626	20	-132,443	39	99,372	62	33,071	63
Brent	211,254	48	-20,446	84	17,107	17	3,339	55
Heating Oil	298,997	0	8,597	55	-21,351	49	12,754	43
Soybeans	672,116	15	59,654	45	-22,744	60	-36,910	10
Corn	1,430,401	9	410,814	83	-367,873	20	-42,941	18
Coffee	265,046	33	62,344	94	-65,596	8	3,252	11
Sugar	857,621	8	191,239	76	-221,289	26	30,050	45
Wheat	359,186	12	15,667	60	-8,386	33	-7,281	67

CORN Futures:

The CORN large speculator standing this week reached a net position of 410,814 contracts in the data reported through Tuesday. This was a weekly rise of 15,902 contracts from the previous week which had a total of 394,912 net contracts.

This 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 82.5 percent. The commercials are Bearish-Extreme with a score of 19.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.7	46.4	8.9
– Percent of Open Interest Shorts:	5.0	72.1	11.9
– Net Position:	410,814	-367,873	-42,941
– Gross Longs:	482,428	663,484	127,218
– Gross Shorts:	71,614	1,031,357	170,159
– Long to Short Ratio:	6.7 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.5	19.5	18.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.2	-16.5	7.4

SUGAR Futures:

The SUGAR large speculator standing this week reached a net position of 191,239 contracts in the data reported through Tuesday. This was a weekly lowering of -23,756 contracts from the previous week which had a total of 214,995 net contracts.

This 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 75.9 percent. The commercials are Bearish with a score of 26.2 percent and the small traders (not shown in chart) are Bearish with a score of 45.0 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	48.1	9.4
– Percent of Open Interest Shorts:	6.7	73.9	5.9
– Net Position:	191,239	-221,289	30,050
– Gross Longs:	248,411	412,295	80,891
– Gross Shorts:	57,172	633,584	50,841
– Long to Short Ratio:	4.3 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.9	26.2	45.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.5	4.4	-19.4

COFFEE Futures:

The COFFEE large speculator standing this week reached a net position of 62,344 contracts in the data reported through Tuesday. This was a weekly lowering of -3,681 contracts from the previous week which had a total of 66,025 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 93.9 percent. The commercials are Bearish-Extreme with a score of 8.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.8 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	47.2	3.8
– Percent of Open Interest Shorts:	5.5	71.9	2.5
– Net Position:	62,344	-65,596	3,252
– Gross Longs:	76,852	125,100	10,004
– Gross Shorts:	14,508	190,696	6,752
– Long to Short Ratio:	5.3 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	93.9	8.4	10.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.8	5.0	-7.4

SOYBEANS Futures:

The SOYBEANS large speculator standing this week reached a net position of 59,654 contracts in the data reported through Tuesday. This was a weekly rise of 4,337 contracts from the previous week which had a total of 55,317 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 45.1 percent. The commercials are Bullish with a score of 60.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.4 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.6	57.5	7.0
– Percent of Open Interest Shorts:	9.8	60.9	12.5
– Net Position:	59,654	-22,744	-36,910
– Gross Longs:	125,257	386,500	46,981
– Gross Shorts:	65,603	409,244	83,891
– Long to Short Ratio:	1.9 to 1	0.9 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.1	60.5	10.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.1	-3.0	-6.4

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week reached a net position of 62,445 contracts in the data reported through Tuesday. This was a weekly reduction of -2,602 contracts from the previous week which had a total of 65,047 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 Bullish with a score of 57.5 percent. The commercials are Bearish with a score of 47.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.9 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.4	51.9	7.1
– Percent of Open Interest Shorts:	10.2	69.0	6.3
– Net Position:	62,445	-65,501	3,056
– Gross Longs:	101,774	199,942	27,293
– Gross Shorts:	39,329	265,443	24,237
– Long to Short Ratio:	2.6 to 1	0.8 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.5	47.0	24.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.3	18.2	-30.0

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week reached a net position of 52,643 contracts in the data reported through Tuesday. This was a weekly fall of -8,478 contracts from the previous week which had a total of 61,121 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.6 percent. The commercials are Bearish with a score of 39.8 percent and the small traders (not shown in chart) are Bullish with a score of 57.6 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.1	49.4	12.8
– Percent of Open Interest Shorts:	8.3	68.9	7.1
– Net Position:	52,643	-74,341	21,698
– Gross Longs:	84,189	188,494	48,687
– Gross Shorts:	31,546	262,835	26,989
– Long to Short Ratio:	2.7 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.6	39.8	57.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.1	-14.5	-13.6

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week reached a net position of 77,523 contracts in the data reported through Tuesday. This was a weekly advance of 2,869 contracts from the previous week which had a total of 74,654 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 Bearish with a score of 41.1 percent. The commercials are Bullish with a score of 55.2 percent and the small traders (not shown in chart) are Bullish with a score of 54.1 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.6	37.7	9.2
– Percent of Open Interest Shorts:	14.2	58.6	13.6
– Net Position:	77,523	-63,995	-13,528
– Gross Longs:	120,946	115,149	28,080
– Gross Shorts:	43,423	179,144	41,608
– Long to Short Ratio:	2.8 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.1	55.2	54.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.9	-21.6	-15.7

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week reached a net position of 52,297 contracts in the data reported through Tuesday. This was a weekly fall of -7,652 contracts from the previous week which had a total of 59,949 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.1 percent. The commercials are Bearish with a score of 46.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.0 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.5	34.7	6.8
– Percent of Open Interest Shorts:	18.1	50.4	14.5
– Net Position:	52,297	-35,096	-17,201
– Gross Longs:	92,824	77,627	15,221
– Gross Shorts:	40,527	112,723	32,422
– Long to Short Ratio:	2.3 to 1	0.7 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.1	46.5	6.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.8	3.9	-8.2

COTTON Futures:

The COTTON large speculator standing this week reached a net position of 90,014 contracts in the data reported through Tuesday. This was a weekly decline of -6,981 contracts from the previous week which had a total of 96,995 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 80.0 percent. The commercials are Bearish-Extreme with a score of 19.9 percent and the small traders (not shown in chart) are Bullish with a score of 71.5 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.1	36.2	7.1
– Percent of Open Interest Shorts:	5.8	78.5	3.2
– Net Position:	90,014	-99,303	9,289
– Gross Longs:	103,611	85,095	16,792
– Gross Shorts:	13,597	184,398	7,503
– Long to Short Ratio:	7.6 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.0	19.9	71.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.7	9.2	-22.5

COCOA Futures:

The COCOA large speculator standing this week reached a net position of -9,095 contracts in the data reported through Tuesday. This was a weekly decrease of -1,598 contracts from the previous week which had a total of -7,497 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.0 percent. The commercials are Bullish-Extreme with a score of 85.9 percent and the small traders (not shown in chart) are Bearish with a score of 23.2 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.3	54.1	4.8
– Percent of Open Interest Shorts:	30.0	50.8	4.3
– Net Position:	-9,095	7,799	1,296
– Gross Longs:	63,483	130,734	11,672
– Gross Shorts:	72,578	122,935	10,376
– Long to Short Ratio:	0.9 to 1	1.1 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.0	85.9	23.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-25.8	27.7	-31.4

WHEAT Futures:

The WHEAT large speculator standing this week reached a net position of 15,667 contracts in the data reported through Tuesday. This was a weekly decrease of -2,627 contracts from the previous week which had a total of 18,294 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 60.4 percent. The commercials are Bearish with a score of 32.7 percent and the small traders (not shown in chart) are Bullish with a score of 66.8 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.2	35.5	9.2
– Percent of Open Interest Shorts:	26.8	37.8	11.3
– Net Position:	15,667	-8,386	-7,281
– Gross Longs:	111,973	127,435	33,159
– Gross Shorts:	96,306	135,821	40,440
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.4	32.7	66.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.7	-16.7	10.7

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.

11 Dec

COT Metals Speculators drop Silver bullish bets to 8-week low

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

Highlighting this week’s COT metals data is the recent decline in the Silver futures bets. The speculative net position in the Silver futures has fallen for three consecutive weeks and by a total of -15,792 contracts over that time-frame. This weakness has brought the current standing for Silver net positions to the least bullish level in the past eight weeks, dating back to October 12th. Speculators had been raising their positions for Silver in recent months with bullish bets hitting a 22-week high on November 16th before turning lower. Despite the recent declines, the Silver strength index (current positioning compared to the positioning of the past three years) remains almost right down the middle at a 52.1 percent score.

Joining Silver (-8,601 contracts) in falling this week are Gold (-8,675 contracts), Copper (-1,987 contracts), Platinum (-2,886 contracts) while the Palladium (242 contracts) were the only rising futures contracts for speculators this week in the metals we cover.

Data Snapshot of Commodity Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,972,536	3	367,232	29	-400,431	62	33,199	62
Gold	499,307	23	217,185	57	-245,623	43	28,438	45
Silver	136,572	4	29,833	52	-43,148	57	13,315	17
Copper	173,954	8	7,204	48	-14,219	50	7,015	66
Palladium	9,253	12	-2,731	4	3,036	97	-305	27
Platinum	65,134	30	6,062	11	-12,138	92	6,076	47
Natural Gas	1,205,626	20	-132,443	39	99,372	62	33,071	63
Brent	211,254	48	-20,446	84	17,107	17	3,339	55
Heating Oil	298,997	0	8,597	55	-21,351	49	12,754	43
Soybeans	672,116	15	59,654	45	-22,744	60	-36,910	10
Corn	1,430,401	9	410,814	83	-367,873	20	-42,941	18
Coffee	265,046	33	62,344	94	-65,596	8	3,252	11
Sugar	857,621	8	191,239	76	-221,289	26	30,050	45
Wheat	359,186	12	15,667	60	-8,386	33	-7,281	67

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week totaled a net position of 217,185 contracts in the data reported through Tuesday. This was a weekly lowering of -8,675 contracts from the previous week which had a total of 225,860 net contracts.

This 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 42.7 percent and the small traders (not shown in chart) are Bearish with a score of 44.9 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	60.2	20.8	9.5
– Percent of Open Interest Shorts:	16.7	70.0	3.8
– Net Position:	217,185	-245,623	28,438
– Gross Longs:	300,518	103,942	47,358
– Gross Shorts:	83,333	349,565	18,920
– Long to Short Ratio:	3.6 to 1	0.3 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.8	42.7	44.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.8	-1.8	9.5

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week totaled a net position of 29,833 contracts in the data reported through Tuesday. This was a weekly reduction of -8,601 contracts from the previous week which had a total of 38,434 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 52.1 percent. The commercials are Bullish with a score of 56.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.5 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	46.1	28.8	19.3
– Percent of Open Interest Shorts:	24.2	60.4	9.5
– Net Position:	29,833	-43,148	13,315
– Gross Longs:	62,930	39,369	26,328
– Gross Shorts:	33,097	82,517	13,013
– Long to Short Ratio:	1.9 to 1	0.5 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.1	56.6	17.5
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.7	8.2	-4.0

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week totaled a net position of 7,204 contracts in the data reported through Tuesday. This was a weekly fall of -1,987 contracts from the previous week which had a total of 9,191 net contracts.

This 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 47.6 percent. The commercials are Bearish with a score of 49.7 percent and the small traders (not shown in chart) are Bullish with a score of 65.9 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.4	43.9	9.7
– Percent of Open Interest Shorts:	32.3	52.1	5.6
– Net Position:	7,204	-14,219	7,015
– Gross Longs:	63,403	76,370	16,787
– Gross Shorts:	56,199	90,589	9,772
– Long to Short Ratio:	1.1 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.6	49.7	65.9
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.7	21.8	-9.1

Platinum Futures:

The Platinum Futures large speculator standing this week totaled a net position of 6,062 contracts in the data reported through Tuesday. This was a weekly lowering of -2,886 contracts from the previous week which had a total of 8,948 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 11.1 percent. The commercials are Bullish-Extreme with a score of 91.7 percent and the small traders (not shown in chart) are Bearish with a score of 46.8 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.5	38.0	14.7
– Percent of Open Interest Shorts:	32.2	56.7	5.4
– Net Position:	6,062	-12,138	6,076
– Gross Longs:	27,056	24,780	9,598
– Gross Shorts:	20,994	36,918	3,522
– Long to Short Ratio:	1.3 to 1	0.7 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.1	91.7	46.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.8	13.1	-4.2

Palladium Futures:

The Palladium Futures large speculator standing this week totaled a net position of -2,731 contracts in the data reported through Tuesday. This was a weekly boost of 242 contracts from the previous week which had a total of -2,973 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 3.6 percent. The commercials are Bullish-Extreme with a score of 96.9 percent and the small traders (not shown in chart) are Bearish with a score of 26.7 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.9	54.3	12.7
– Percent of Open Interest Shorts:	60.4	21.5	16.0
– Net Position:	-2,731	3,036	-305
– Gross Longs:	2,862	5,024	1,175
– Gross Shorts:	5,593	1,988	1,480
– Long to Short Ratio:	0.5 to 1	2.5 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	3.6	96.9	26.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.2	0.4	-17.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

11 Dec

COT Energy Speculators cut back on WTI Crude Oil bullish bets for 4th straight week

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

Highlighting this week’s COT energy data is the recent decline in the WTI Crude Oil futures bets. The speculative net position in the WTI Crude Oil futures has now fallen for four consecutive weeks and in six out of the past seven weeks. The spec crude position has dropped by a total of -62,362 contracts over these past seven weeks and speculators have now pushed their current net positioning to the lowest level since September 21st, a span of eleven weeks.

Joining WTI Crude Oil (-20,002 contracts) with decreasing bets this week are Brent Crude Oil (-4,952 contracts), Heating Oil (-2,628 contracts) and the Bloomberg Commodity Index (-4,473 contracts). The energy markets with gaining positions this week were Natural Gas (235 contracts) and Gasoline (4,269 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,972,536	3	367,232	29	-400,431	62	33,199	62
Gold	499,307	23	217,185	57	-245,623	43	28,438	45
Silver	136,572	4	29,833	52	-43,148	57	13,315	17
Copper	173,954	8	7,204	48	-14,219	50	7,015	66
Palladium	9,253	12	-2,731	4	3,036	97	-305	27
Platinum	65,134	30	6,062	11	-12,138	92	6,076	47
Natural Gas	1,205,626	20	-132,443	39	99,372	62	33,071	63
Brent	211,254	48	-20,446	84	17,107	17	3,339	55
Heating Oil	298,997	0	8,597	55	-21,351	49	12,754	43
Soybeans	672,116	15	59,654	45	-22,744	60	-36,910	10
Corn	1,430,401	9	410,814	83	-367,873	20	-42,941	18
Coffee	265,046	33	62,344	94	-65,596	8	3,252	11
Sugar	857,621	8	191,239	76	-221,289	26	30,050	45
Wheat	359,186	12	15,667	60	-8,386	33	-7,281	67

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week was a net position of 367,232 contracts in the data reported through Tuesday. This was a weekly decrease of -20,002 contracts from the previous week which had a total of 387,234 net contracts.

This 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 28.8 percent. The commercials are Bullish with a score of 62.4 percent and the small traders (not shown in chart) are Bullish with a score of 61.8 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.0	36.7	4.2
– Percent of Open Interest Shorts:	6.4	57.0	2.5
– Net Position:	367,232	-400,431	33,199
– Gross Longs:	492,585	724,626	82,580
– Gross Shorts:	125,353	1,125,057	49,381
– Long to Short Ratio:	3.9 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	28.8	62.4	61.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.1	21.6	-21.9

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week was a net position of -20,446 contracts in the data reported through Tuesday. This was a weekly reduction of -4,952 contracts from the previous week which had a total of -15,494 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 84.2 percent. The commercials are Bearish-Extreme with a score of 17.1 percent and the small traders (not shown in chart) are Bullish with a score of 54.5 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.6	44.2	3.6
– Percent of Open Interest Shorts:	31.3	36.1	2.0
– Net Position:	-20,446	17,107	3,339
– Gross Longs:	45,573	93,348	7,669
– Gross Shorts:	66,019	76,241	4,330
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.2	17.1	54.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.8	7.8	-24.6

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week was a net position of -132,443 contracts in the data reported through Tuesday. This was a weekly lift of 235 contracts from the previous week which had a total of -132,678 net contracts.

This 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 38.8 percent. The commercials are Bullish with a score of 62.2 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.3	43.5	4.6
– Percent of Open Interest Shorts:	30.3	35.2	1.9
– Net Position:	-132,443	99,372	33,071
– Gross Longs:	233,007	524,229	55,682
– Gross Shorts:	365,450	424,857	22,611
– Long to Short Ratio:	0.6 to 1	1.2 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	38.8	62.2	62.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	1.0	-22.1

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week was a net position of 49,883 contracts in the data reported through Tuesday. This was a weekly increase of 4,269 contracts from the previous week which had a total of 45,614 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 20.9 percent. The commercials are Bullish-Extreme with a score of 82.9 percent and the small traders (not shown in chart) are Bearish with a score of 36.7 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.4	48.5	5.7
– Percent of Open Interest Shorts:	13.4	66.9	4.3
– Net Position:	49,883	-54,093	4,210
– Gross Longs:	89,156	142,169	16,850
– Gross Shorts:	39,273	196,262	12,640
– Long to Short Ratio:	2.3 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	20.9	82.9	36.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.2	7.1	-35.4

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week was a net position of 8,597 contracts in the data reported through Tuesday. This was a weekly decline of -2,628 contracts from the previous week which had a total of 11,225 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.1 percent. The commercials are Bearish with a score of 48.5 percent and the small traders (not shown in chart) are Bearish with a score of 42.5 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.3	53.4	12.9
– Percent of Open Interest Shorts:	10.5	60.6	8.7
– Net Position:	8,597	-21,351	12,754
– Gross Longs:	39,877	159,783	38,689
– Gross Shorts:	31,280	181,134	25,935
– Long to Short Ratio:	1.3 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.1	48.5	42.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-25.3	30.2	-38.4

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week was a net position of -16,421 contracts in the data reported through Tuesday. This was a weekly fall of -4,473 contracts from the previous week which had a total of -11,948 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.7 percent. The commercials are Bullish with a score of 54.3 percent and the small traders (not shown in chart) are Bearish with a score of 48.7 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	59.0	37.1	1.2
– Percent of Open Interest Shorts:	93.0	4.2	0.1
– Net Position:	-16,421	15,865	556
– Gross Longs:	28,421	17,881	597
– Gross Shorts:	44,842	2,016	41
– Long to Short Ratio:	0.6 to 1	8.9 to 1	14.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.7	54.3	48.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.8	5.0	-2.6

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

11 Dec

COT Stock Market Speculators dropped their VIX bearish bets to 80-week low

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

Highlighting this week’s COT stock market data is the continued cool off in the VIX Volatility futures bearish bets. The speculative net position in the VIX futures saw bearish bets fall by 13,751 contracts this week following a 20,782 contract improvement in positions last week.

The stock markets that saw higher speculator bets this week were VIX (13,751 contracts), Dow Jones Industrial Average Mini (2,283 contracts) and the Russell 2000 Mini (4,140 contracts).

The markets with lower speculator bets this week were S&P500 Mini (-14,329 contracts), Nasdaq Mini (-8,155 contracts), Nikkei 225 USD (-557 contracts), MSCI EAFE Min (-2,227 contracts), MSCI Emerging Markets Mini (-2,219 contracts).

Data Snapshot of Stock Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,514,383	6	165,396	91	-182,926	33	17,530	30
Nikkei 225	25,848	33	1,211	62	-3,259	41	2,048	53
Nasdaq-Mini	251,880	43	25,778	89	-24,885	11	-893	42
DowJones-Mini	103,059	74	-4,553	30	3,180	66	1,373	46
VIX	300,082	27	-47,403	65	55,699	37	-8,296	25
Nikkei 225 Yen	61,968	46	-2,432	16	25,719	94	-23,287	34

VIX Volatility Futures:

The VIX Volatility large speculator standing this week equaled a net position of -47,403 contracts in the data reported through Tuesday. This was a weekly gain of 13,751 contracts from the previous week which had a total of -61,154 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.1 percent. The commercials are Bearish with a score of 37.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.9 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.3	46.6	6.5
– Percent of Open Interest Shorts:	40.1	28.1	9.3
– Net Position:	-47,403	55,699	-8,296
– Gross Longs:	72,815	139,911	19,632
– Gross Shorts:	120,218	84,212	27,928
– Long to Short Ratio:	0.6 to 1	1.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.1	37.0	24.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.6	-19.7	-1.4

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week equaled a net position of 165,396 contracts in the data reported through Tuesday. This was a weekly reduction of -14,329 contracts from the previous week which had a total of 179,725 net contracts.

This 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 91.3 percent. The commercials are Bearish with a score of 33.1 percent and the small traders (not shown in chart) are Bearish with a score of 30.0 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.4	69.0	10.5
– Percent of Open Interest Shorts:	10.8	76.3	9.8
– Net Position:	165,396	-182,926	17,530
– Gross Longs:	437,939	1,734,746	263,698
– Gross Shorts:	272,543	1,917,672	246,168
– Long to Short Ratio:	1.6 to 1	0.9 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.3	33.1	30.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.4	-10.1	-2.6

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week equaled a net position of -4,553 contracts in the data reported through Tuesday. This was a weekly rise of 2,283 contracts from the previous week which had a total of -6,836 net contracts.

This 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 with a score of 66.3 percent and the small traders (not shown in chart) are Bearish with a score of 45.8 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.6	47.2	15.8
– Percent of Open Interest Shorts:	41.0	44.1	14.5
– Net Position:	-4,553	3,180	1,373
– Gross Longs:	37,728	48,612	16,285
– Gross Shorts:	42,281	45,432	14,912
– Long to Short Ratio:	0.9 to 1	1.1 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	30.2	66.3	45.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.8	10.3	-11.1

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week equaled a net position of 25,778 contracts in the data reported through Tuesday. This was a weekly fall of -8,155 contracts from the previous week which had a total of 33,933 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 Bullish-Extreme with a score of 89.4 percent. The commercials are Bearish-Extreme with a score of 11.2 percent and the small traders (not shown in chart) are Bearish with a score of 42.0 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.0	49.4	16.1
– Percent of Open Interest Shorts:	21.8	59.3	16.4
– Net Position:	25,778	-24,885	-893
– Gross Longs:	80,716	124,386	40,430
– Gross Shorts:	54,938	149,271	41,323
– Long to Short Ratio:	1.5 to 1	0.8 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	89.4	11.2	42.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.2	-19.3	5.1

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week equaled a net position of -27,001 contracts in the data reported through Tuesday. This was a weekly advance of 4,140 contracts from the previous week which had a total of -31,141 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.0 percent. The commercials are Bullish with a score of 52.5 percent and the small traders (not shown in chart) are Bullish with a score of 73.4 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.9	77.9	7.5
– Percent of Open Interest Shorts:	18.8	75.2	4.4
– Net Position:	-27,001	12,683	14,318
– Gross Longs:	59,732	359,571	34,544
– Gross Shorts:	86,733	346,888	20,226
– Long to Short Ratio:	0.7 to 1	1.0 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.0	52.5	73.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.7	-18.3	2.2

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week equaled a net position of 1,211 contracts in the data reported through Tuesday. This was a weekly decrease of -557 contracts from the previous week which had a total of 1,768 net contracts.

This 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 61.9 percent. The commercials are Bearish with a score of 41.1 percent and the small traders (not shown in chart) are Bullish with a score of 53.1 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.3	37.9	23.2
– Percent of Open Interest Shorts:	10.6	50.5	15.2
– Net Position:	1,211	-3,259	2,048
– Gross Longs:	3,959	9,791	5,984
– Gross Shorts:	2,748	13,050	3,936
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	61.9	41.1	53.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.2	-4.4	-2.2

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week equaled a net position of 6,409 contracts in the data reported through Tuesday. This was a weekly lowering of -2,227 contracts from the previous week which had a total of 8,636 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 Bearish-Extreme with a score of 16.2 percent. The commercials are Bullish with a score of 79.4 percent and the small traders (not shown in chart) are Bullish with a score of 54.9 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.6	90.5	2.5
– Percent of Open Interest Shorts:	5.0	93.2	1.4
– Net Position:	6,409	-10,709	4,300
– Gross Longs:	26,370	362,582	10,038
– Gross Shorts:	19,961	373,291	5,738
– Long to Short Ratio:	1.3 to 1	1.0 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.2	79.4	54.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-0.6	-2.4

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Stock Market News

04 Dec

COT Currency Speculators boost Japanese Yen bets by most in 89 weeks in risk off trading

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 November 30th 2021 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 this week’s COT currency data is the Japanese yen speculator bets that rebounded in a risk-off environment. This week’s improvement (or reduction of bearish positioning) in yen positions marked the best one-week gain since March 17th of 2020, a span of eighty-nine weeks. Yen speculator positioning has been very negative since contracts fell onto the bearish side in March of 2021. The bearish sentiment hit a short-term high point just five weeks ago on November 2nd when net positions dropped to a total of -107,624 net contracts. Since that week, bearish bets have improved by a total of +28,758 contracts to level at this week’s -78,866 current contract standing.

Overall, this week’s risk-off tone helped the yen positions while taking a bite out of the bets for the usual risk-on currencies. The Australian dollar bets fell by -16,920 contracts, the Canadian dollar dropped by -10,940 contracts and the New Zealand dollar slipped by -3,309 contracts as well this week. Currently, only the US Dollar Index, the Russian Ruble and the New Zealand dollar have net positive speculator positioning.

Data Snapshot of Forex Market Traders | Columns Legend

Nov-30-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	52,172	72	35,879	88	-40,442	7	4,563	66
EUR	705,409	85	-23,240	28	-10,871	73	34,111	31
GBP	230,423	58	-38,899	46	53,772	61	-14,873	25
JPY	216,692	66	-78,866	18	92,033	82	-13,167	21
CHF	50,543	29	-14,182	45	21,175	55	-6,993	43
CAD	148,375	29	-14,075	43	9,851	58	4,224	53
AUD	201,981	84	-80,185	9	94,709	90	-14,524	17
NZD	49,483	43	10,630	89	-9,303	16	-1,327	37
MXN	195,719	46	-59,747	0	61,120	100	-1,373	37
RUB	49,870	53	13,637	46	-15,633	50	1,996	89
BRL	41,101	46	-13,842	50	15,065	53	-1,223	52
Bitcoin	13,197	75	-1,691	64	697	0	994	36

US Dollar Index Futures:

The US Dollar Index large speculator standing this week reached a net position of 35,879 contracts in the data reported through Tuesday. This was a weekly rise of 104 contracts from the previous week which had a total of 35,775 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.7 percent. The commercials are Bearish-Extreme with a score of 7.4 percent and the small traders (not shown in chart) are Bullish with a score of 66.4 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.5	3.1	12.6
– Percent of Open Interest Shorts:	11.8	80.6	3.9
– Net Position:	35,879	-40,442	4,563
– Gross Longs:	42,010	1,634	6,581
– Gross Shorts:	6,131	42,076	2,018
– Long to Short Ratio:	6.9 to 1	0.0 to 1	3.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	87.7	7.4	66.4
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.1	3.8	-24.4

Euro Currency Futures:

The Euro Currency large speculator standing this week reached a net position of -23,240 contracts in the data reported through Tuesday. This was a weekly reduction of -6,788 contracts from the previous week which had a total of -16,452 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.9 percent. The commercials are Bullish with a score of 72.6 percent and the small traders (not shown in chart) are Bearish with a score of 30.9 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.1	57.8	13.1
– Percent of Open Interest Shorts:	30.4	59.3	8.3
– Net Position:	-23,240	-10,871	34,111
– Gross Longs:	191,048	407,774	92,665
– Gross Shorts:	214,288	418,645	58,554
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	27.9	72.6	30.9
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.4	1.9	7.3

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week reached a net position of -38,899 contracts in the data reported through Tuesday. This was a weekly decrease of -4,320 contracts from the previous week which had a total of -34,579 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.0 percent. The commercials are Bullish with a score of 61.5 percent and the small traders (not shown in chart) are Bearish with a score of 24.8 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.6	64.7	9.7
– Percent of Open Interest Shorts:	39.5	41.4	16.2
– Net Position:	-38,899	53,772	-14,873
– Gross Longs:	52,099	149,168	22,364
– Gross Shorts:	90,998	95,396	37,237
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	46.0	61.5	24.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-29.2	33.2	-32.4

Japanese Yen Futures:

The Japanese Yen large speculator standing this week reached a net position of -78,866 contracts in the data reported through Tuesday. This was a weekly increase of 18,387 contracts from the previous week which had a total of -97,253 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 18.2 percent. The commercials are Bullish-Extreme with a score of 81.9 percent and the small traders (not shown in chart) are Bearish with a score of 21.4 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.7	81.8	9.5
– Percent of Open Interest Shorts:	43.1	39.3	15.6
– Net Position:	-78,866	92,033	-13,167
– Gross Longs:	14,585	177,285	20,644
– Gross Shorts:	93,451	85,252	33,811
– Long to Short Ratio:	0.2 to 1	2.1 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	18.2	81.9	21.4
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.1	-15.2	14.7

Swiss Franc Futures:

The Swiss Franc large speculator standing this week reached a net position of -14,182 contracts in the data reported through Tuesday. This was a weekly decline of -2,806 contracts from the previous week which had a total of -11,376 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 Bearish with a score of 45.2 percent. The commercials are Bullish with a score of 54.7 percent and the small traders (not shown in chart) are Bearish with a score of 42.8 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.8	66.0	24.5
– Percent of Open Interest Shorts:	35.8	24.1	38.3
– Net Position:	-14,182	21,175	-6,993
– Gross Longs:	3,927	33,377	12,363
– Gross Shorts:	18,109	12,202	19,356
– Long to Short Ratio:	0.2 to 1	2.7 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	45.2	54.7	42.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.0	-13.7	25.7

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week reached a net position of -14,075 contracts in the data reported through Tuesday. This was a weekly decrease of -10,940 contracts from the previous week which had a total of -3,135 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 43.3 percent. The commercials are Bullish with a score of 57.8 percent and the small traders (not shown in chart) are Bullish with a score of 53.2 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.8	48.5	21.0
– Percent of Open Interest Shorts:	37.3	41.9	18.1
– Net Position:	-14,075	9,851	4,224
– Gross Longs:	41,242	72,020	31,117
– Gross Shorts:	55,317	62,169	26,893
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	43.3	57.8	53.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.6	11.1	-21.9

Australian Dollar Futures:

The Australian Dollar large speculator standing this week reached a net position of -80,185 contracts in the data reported through Tuesday. This was a weekly decline of -16,920 contracts from the previous week which had a total of -63,265 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 9.2 percent. The commercials are Bullish-Extreme with a score of 89.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.0 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.4	71.6	9.0
– Percent of Open Interest Shorts:	56.1	24.7	16.2
– Net Position:	-80,185	94,709	-14,524
– Gross Longs:	33,217	144,539	18,206
– Gross Shorts:	113,402	49,830	32,730
– Long to Short Ratio:	0.3 to 1	2.9 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	9.2	89.6	17.0
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.9	10.0	-22.6

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week reached a net position of 10,630 contracts in the data reported through Tuesday. This was a weekly decline of -3,309 contracts from the previous week which had a total of 13,939 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 89.1 percent. The commercials are Bearish-Extreme with a score of 16.1 percent and the small traders (not shown in chart) are Bearish with a score of 36.6 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.6	29.1	6.3
– Percent of Open Interest Shorts:	40.1	47.9	8.9
– Net Position:	10,630	-9,303	-1,327
– Gross Longs:	30,465	14,387	3,098
– Gross Shorts:	19,835	23,690	4,425
– Long to Short Ratio:	1.5 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	89.1	16.1	36.6
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.0	-2.6	-28.5

Mexican Peso Futures:

The Mexican Peso large speculator standing this week reached a net position of -59,747 contracts in the data reported through Tuesday. This was a weekly decrease of -10,286 contracts from the previous week which had a total of -49,461 net contracts.

This 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 with a score of 37.2 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.9	53.5	2.2
– Percent of Open Interest Shorts:	74.4	22.2	2.9
– Net Position:	-59,747	61,120	-1,373
– Gross Longs:	85,840	104,613	4,237
– Gross Shorts:	145,587	43,493	5,610
– Long to Short Ratio:	0.6 to 1	2.4 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.0	100.0	37.2
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.2	10.5	-14.8

Brazilian Real Futures:

The Brazilian Real large speculator standing this week reached a net position of -13,842 contracts in the data reported through Tuesday. This was a weekly boost of 962 contracts from the previous week which had a total of -14,804 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.1 percent. The commercials are Bullish with a score of 53.5 percent and the small traders (not shown in chart) are Bullish with a score of 52.0 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.6	68.6	5.0
– Percent of Open Interest Shorts:	59.3	32.0	8.0
– Net Position:	-13,842	15,065	-1,223
– Gross Longs:	10,531	28,205	2,060
– Gross Shorts:	24,373	13,140	3,283
– Long to Short Ratio:	0.4 to 1	2.1 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	50.1	53.5	52.0
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.6	20.2	-24.1

Russian Ruble Futures:

The Russian Ruble large speculator standing this week reached a net position of 13,637 contracts in the data reported through Tuesday. This was a weekly decline of -4,427 contracts from the previous week which had a total of 18,064 net contracts.

This 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 Bearish with a score of 49.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.8 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.7	52.1	6.1
– Percent of Open Interest Shorts:	14.4	83.5	2.1
– Net Position:	13,637	-15,633	1,996
– Gross Longs:	20,814	25,998	3,042
– Gross Shorts:	7,177	41,631	1,046
– Long to Short Ratio:	2.9 to 1	0.6 to 1	2.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	45.7	49.7	88.8
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.2	20.0	-4.7

Bitcoin Futures:

The Bitcoin large speculator standing this week reached a net position of -1,691 contracts in the data reported through Tuesday. This was a weekly decline of -1,531 contracts from the previous week which had a total of -160 net contracts.

This 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 63.7 percent. The commercials are Bullish-Extreme with a score of 97.0 percent and the small traders (not shown in chart) are Bearish with a score of 35.5 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	72.2	6.2	13.7
– Percent of Open Interest Shorts:	85.0	1.0	6.2
– Net Position:	-1,691	697	994
– Gross Longs:	9,526	823	1,811
– Gross Shorts:	11,217	126	817
– Long to Short Ratio:	0.8 to 1	6.5 to 1	2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	63.7	97.0	35.5
– COT Index Reading (3 Year Range):	Bullish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.0	43.0	-36.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News Opinions

04 Dec

COT Speculators push 2-Year Bonds bets into bullish level for 1st time since August

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

Highlighting this week’s COT bonds data is the 2-Year Bond speculators bets that rose for the fifth time in the past six weeks. Bond speculators have been improving their bets for the 2-Year steadily and have also pushed their bets higher for seven out of the past nine weeks and by a total of +78,499 contracts over that period. This improving sentiment has brought the current net position standing into a bullish level for the first time since August 17th, a span of fifteen weeks. The 2-Year Treasury Note is now one of the only two bond instruments (the other is the Ultra 10-Year U.S. T-Note) in our tracking that have bullish net positions at the moment.

Data Snapshot of Bond Market Traders | Columns Legend

Nov-30-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	12,207,541	59	-1,121,656	28	1,568,222	71	-446,566	28
FedFunds	1,426,038	33	-98,478	27	114,396	74	-15,918	31
2-Year	1,789,196	1	15,670	96	35,095	24	-50,765	4
Long T-Bond	1,219,181	52	-49,640	76	29,588	30	20,052	68
10-Year	3,803,125	51	-313,371	24	567,638	93	-254,267	19
5-Year	3,486,538	21	-367,832	16	614,453	97	-246,621	13

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week equaled a net position of -1,121,656 contracts in the data reported through Tuesday. This was a weekly rise of 178,825 contracts from the previous week which had a total of -1,300,481 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.3 percent. The commercials are Bullish with a score of 70.7 percent and the small traders (not shown in chart) are Bearish with a score of 27.9 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.4	66.3	3.7
– Percent of Open Interest Shorts:	21.6	53.4	7.4
– Net Position:	-1,121,656	1,568,222	-446,566
– Gross Longs:	1,515,247	8,091,297	451,347
– Gross Shorts:	2,636,903	6,523,075	897,913
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	28.3	70.7	27.9
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.7	8.9	-24.9

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week equaled a net position of -98,478 contracts in the data reported through Tuesday. This was a weekly decline of -16,473 contracts from the previous week which had a total of -82,005 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 27.5 percent. The commercials are Bullish with a score of 73.8 percent and the small traders (not shown in chart) are Bearish with a score of 30.8 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.7	81.6	1.3
– Percent of Open Interest Shorts:	10.6	73.6	2.4
– Net Position:	-98,478	114,396	-15,918
– Gross Longs:	52,431	1,163,989	18,288
– Gross Shorts:	150,909	1,049,593	34,206
– Long to Short Ratio:	0.3 to 1	1.1 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	27.5	73.8	30.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.4	5.9	-10.7

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week equaled a net position of 15,670 contracts in the data reported through Tuesday. This was a weekly increase of 62,290 contracts from the previous week which had a total of -46,620 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 95.8 percent. The commercials are Bearish with a score of 24.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.0 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.2	73.0	7.0
– Percent of Open Interest Shorts:	15.3	71.0	9.9
– Net Position:	15,670	35,095	-50,765
– Gross Longs:	289,388	1,306,141	125,667
– Gross Shorts:	273,718	1,271,046	176,432
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	95.8	24.2	4.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	32.9	-26.4	-6.1

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week equaled a net position of -367,832 contracts in the data reported through Tuesday. This was a weekly reduction of -82,949 contracts from the previous week which had a total of -284,883 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.5 percent. The commercials are Bullish-Extreme with a score of 96.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.3 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.0	82.0	7.4
– Percent of Open Interest Shorts:	17.6	64.4	14.5
– Net Position:	-367,832	614,453	-246,621
– Gross Longs:	244,895	2,859,429	258,648
– Gross Shorts:	612,727	2,244,976	505,269
– Long to Short Ratio:	0.4 to 1	1.3 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	15.5	96.9	13.3
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-20.5	13.9	2.3

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week equaled a net position of -313,371 contracts in the data reported through Tuesday. This was a weekly rise of 10,044 contracts from the previous week which had a total of -323,415 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 23.8 percent. The commercials are Bullish-Extreme with a score of 92.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.5 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.1	78.4	7.8
– Percent of Open Interest Shorts:	19.3	63.5	14.5
– Net Position:	-313,371	567,638	-254,267
– Gross Longs:	420,694	2,982,808	297,942
– Gross Shorts:	734,065	2,415,170	552,209
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	23.8	92.8	19.5
– COT Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-48.2	30.6	15.0

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week equaled a net position of 108,880 contracts in the data reported through Tuesday. This was a weekly decline of -47,706 contracts from the previous week which had a total of 156,586 net contracts.

This 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 56.5 percent. The commercials are Bullish with a score of 62.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.2 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.5	72.1	7.3
– Percent of Open Interest Shorts:	9.9	67.5	19.5
– Net Position:	108,880	66,179	-175,059
– Gross Longs:	250,436	1,030,621	104,031
– Gross Shorts:	141,556	964,442	279,090
– Long to Short Ratio:	1.8 to 1	1.1 to 1	0.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	56.5	62.8	10.2
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.1	9.5	-2.0

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week equaled a net position of -49,640 contracts in the data reported through Tuesday. This was a weekly decline of -38,615 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 Bullish with a score of 75.6 percent. The commercials are Bearish with a score of 29.6 percent and the small traders (not shown in chart) are Bullish with a score of 68.5 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.5	72.6	14.9
– Percent of Open Interest Shorts:	14.6	70.2	13.2
– Net Position:	-49,640	29,588	20,052
– Gross Longs:	127,915	885,731	181,245
– Gross Shorts:	177,555	856,143	161,193
– Long to Short Ratio:	0.7 to 1	1.0 to 1	1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	75.6	29.6	68.5
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.9	-17.3	36.7

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week equaled a net position of -310,496 contracts in the data reported through Tuesday. This was a weekly fall of -18,776 contracts from the previous week which had a total of -291,720 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.5 percent. The commercials are Bullish with a score of 60.1 percent and the small traders (not shown in chart) are Bearish with a score of 38.2 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.6	80.5	12.0
– Percent of Open Interest Shorts:	30.6	56.6	10.9
– Net Position:	-310,496	296,670	13,826
– Gross Longs:	69,305	1,000,175	149,596
– Gross Shorts:	379,801	703,505	135,770
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	58.5	60.1	38.2
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.5	-8.4	11.4

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

04 Dec

COT Speculators cut back on Copper bets for a sixth straight week

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

Highlighting this week’s COT Metals data is the decline across the board in the metals speculator positioning. This week saw speculators pull back on bets for Gold (-8,551 contracts), Silver (-1,671 contracts), Copper (-4,531 contracts), Palladium (-1,207 contracts) and Platinum (-4,187 contracts).

Silver and Gold are in relatively strong speculator positioning at the moment with both right around their 60 percent strength score which measures the current level against the last three years. Copper positioning, on the other hand, has fallen quite a bit over the past year. Bullish net positions reached as high as +75,000 contracts in February before cooling off and trending lower over the year. Currently, Copper bets declined for a sixth straight week and dipped to a total bullish position of just 9,191 contracts this week.

Platinum continues to have a small bullish contract level while Palladium, the high flyer before the pandemic, has continued to have very low open interest and has been in a bearish position since August.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-30-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,033,286	14	387,234	35	-432,885	53	45,651	79
Gold	531,868	33	225,860	60	-258,603	39	32,743	57
Silver	138,003	5	38,434	61	-52,009	48	13,575	19
Copper	184,214	15	9,191	49	-15,763	49	6,572	63
Palladium	9,621	14	-2,973	2	3,277	98	-304	27
Platinum	62,385	26	8,948	15	-14,696	88	5,748	42
Natural Gas	1,269,879	36	-132,678	39	93,560	60	39,118	78
Brent	217,781	53	-15,494	93	12,212	8	3,282	54
Heating Oil	298,300	0	11,225	59	-26,834	43	15,609	52
Soybeans	671,433	15	55,317	44	-16,980	62	-38,337	8
Corn	1,405,105	5	394,912	80	-341,094	23	-53,818	12
Coffee	266,001	33	66,025	97	-69,144	6	3,119	10
Sugar	882,199	15	214,995	81	-242,927	22	27,932	42
Wheat	371,575	19	18,294	63	-10,430	31	-7,864	64

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week equaled a net position of 225,860 contracts in the data reported through Tuesday. This was a weekly decline of -8,551 contracts from the previous week which had a total of 234,411 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.6 percent. The commercials are Bearish with a score of 38.7 percent and the small traders (not shown in chart) are Bullish with a score of 57.1 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	58.3	22.5	9.7
– Percent of Open Interest Shorts:	15.9	71.1	3.6
– Net Position:	225,860	-258,603	32,743
– Gross Longs:	310,253	119,562	51,657
– Gross Shorts:	84,393	378,165	18,914
– Long to Short Ratio:	3.7 to 1	0.3 to 1	2.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	59.6	38.7	57.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.3	-12.0	19.6

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week equaled a net position of 38,434 contracts in the data reported through Tuesday. This was a weekly decrease of -1,671 contracts from the previous week which had a total of 40,105 net contracts.

This 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 60.7 percent. The commercials are Bearish with a score of 47.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.0 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.4	29.1	19.0
– Percent of Open Interest Shorts:	17.6	66.7	9.1
– Net Position:	38,434	-52,009	13,575
– Gross Longs:	62,678	40,107	26,184
– Gross Shorts:	24,244	92,116	12,609
– Long to Short Ratio:	2.6 to 1	0.4 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	60.7	47.9	19.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.1	-7.3	-3.9

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week equaled a net position of 9,191 contracts in the data reported through Tuesday. This was a weekly decline of -4,531 contracts from the previous week which had a total of 13,722 net contracts.

This 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 49.0 percent. The commercials are Bearish with a score of 48.6 percent and the small traders (not shown in chart) are Bullish with a score of 63.3 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.1	42.8	9.2
– Percent of Open Interest Shorts:	32.1	51.3	5.6
– Net Position:	9,191	-15,763	6,572
– Gross Longs:	68,310	78,773	16,876
– Gross Shorts:	59,119	94,536	10,304
– Long to Short Ratio:	1.2 to 1	0.8 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	49.0	48.6	63.3
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.6	20.9	5.5

Platinum Futures:

The Platinum Futures large speculator standing this week equaled a net position of 8,948 contracts in the data reported through Tuesday. This was a weekly decline of -4,187 contracts from the previous week which had a total of 13,135 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.3 percent. The commercials are Bullish-Extreme with a score of 88.0 percent and the small traders (not shown in chart) are Bearish with a score of 42.2 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.5	34.5	14.9
– Percent of Open Interest Shorts:	31.2	58.1	5.7
– Net Position:	8,948	-14,696	5,748
– Gross Longs:	28,408	21,528	9,297
– Gross Shorts:	19,460	36,224	3,549
– Long to Short Ratio:	1.5 to 1	0.6 to 1	2.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	15.3	88.0	42.2
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.5	9.3	-8.2

Palladium Futures:

The Palladium Futures large speculator standing this week equaled a net position of -2,973 contracts in the data reported through Tuesday. This was a weekly lowering of -1,207 contracts from the previous week which had a total of -1,766 net contracts.

This 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 2.3 percent. The commercials are Bullish-Extreme with a score of 98.2 percent and the small traders (not shown in chart) are Bearish with a score of 26.7 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.8	53.4	13.7
– Percent of Open Interest Shorts:	61.8	19.3	16.8
– Net Position:	-2,973	3,277	-304
– Gross Longs:	2,968	5,136	1,317
– Gross Shorts:	5,941	1,859	1,621
– Long to Short Ratio:	0.5 to 1	2.8 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	2.3	98.2	26.7
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.1	5.0	-21.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

04 Dec

COT Stock Market Speculators drop VIX bearish bets for 3rd 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).

Highlighting this week’s COT stock market data is the VIX speculators sharply trimming their bearish bets. Stocks speculators pulled back on their VIX bearish bets for the third time in the past four weeks and by a total of 42,132 net contracts over that period. This reduction in bearish sentiment has brought the current net standing of -61,154 contracts to the least bearish level since August 3rd, a span of seventeen weeks. VIX speculators have been betting on lower volatility and positions have been as bearish as -103,286 contracts as recently as November 2nd before those positions cooled off and volatility has started to rise.

Data Snapshot of Stock Market Traders | Columns Legend

Nov-30-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,510,714	6	179,725	94	-192,683	31	12,958	29
Nikkei 225	17,463	9	1,768	64	-2,099	45	331	31
Nasdaq-Mini	258,476	47	33,933	94	-25,451	11	-8,482	25
DowJones-Mini	101,603	72	-6,836	27	2,518	66	4,318	62
VIX	325,869	34	-61,154	60	68,347	42	-7,193	29
Nikkei 225 Yen	52,198	32	-1,050	19	23,966	90	-22,916	34

VIX Volatility Futures:

The VIX Volatility large speculator standing this week recorded a net position of -61,154 contracts in the data reported through Tuesday. This was a weekly boost of 20,782 contracts from the previous week which had a total of -81,936 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.9 percent. The commercials are Bearish with a score of 41.6 percent and the small traders (not shown in chart) are Bearish with a score of 29.1 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.9	52.5	6.5
– Percent of Open Interest Shorts:	39.6	31.5	8.7
– Net Position:	-61,154	68,347	-7,193
– Gross Longs:	68,020	171,050	21,128
– Gross Shorts:	129,174	102,703	28,321
– Long to Short Ratio:	0.5 to 1	1.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	59.9	41.6	29.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.8	-9.3	-1.3

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week recorded a net position of 179,725 contracts in the data reported through Tuesday. This was a weekly gain of 55,911 contracts from the previous week which had a total of 123,814 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.1 percent. The commercials are Bearish with a score of 31.4 percent and the small traders (not shown in chart) are Bearish with a score of 29.1 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.0	68.9	11.0
– Percent of Open Interest Shorts:	9.8	76.5	10.5
– Net Position:	179,725	-192,683	12,958
– Gross Longs:	425,700	1,729,147	277,390
– Gross Shorts:	245,975	1,921,830	264,432
– Long to Short Ratio:	1.7 to 1	0.9 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	94.1	31.4	29.1
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.8	-19.2	-1.0

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week recorded a net position of -6,836 contracts in the data reported through Tuesday. This was a weekly decrease of -4,685 contracts from the previous week which had a total of -2,151 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.3 percent. The commercials are Bullish with a score of 65.5 percent and the small traders (not shown in chart) are Bullish with a score of 61.6 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.5	48.0	17.4
– Percent of Open Interest Shorts:	40.3	45.5	13.1
– Net Position:	-6,836	2,518	4,318
– Gross Longs:	34,083	48,778	17,643
– Gross Shorts:	40,919	46,260	13,325
– Long to Short Ratio:	0.8 to 1	1.1 to 1	1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	27.3	65.5	61.6
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.1	13.1	-1.2

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week recorded a net position of 33,933 contracts in the data reported through Tuesday. This was a weekly rise of 5,919 contracts from the previous week which had a total of 28,014 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.0 percent. The commercials are Bearish-Extreme with a score of 10.8 percent and the small traders (not shown in chart) are Bearish with a score of 25.0 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.5	50.5	14.2
– Percent of Open Interest Shorts:	20.4	60.3	17.5
– Net Position:	33,933	-25,451	-8,482
– Gross Longs:	86,716	130,523	36,787
– Gross Shorts:	52,783	155,974	45,269
– Long to Short Ratio:	1.6 to 1	0.8 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	94.0	10.8	25.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.7	-22.1	-2.5

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week recorded a net position of -31,141 contracts in the data reported through Tuesday. This was a weekly decrease of -9,603 contracts from the previous week which had a total of -21,538 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.2 percent. The commercials are Bullish with a score of 52.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.8 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.0	77.4	8.5
– Percent of Open Interest Shorts:	19.7	74.7	4.6
– Net Position:	-31,141	12,788	18,353
– Gross Longs:	60,401	359,478	39,571
– Gross Shorts:	91,542	346,690	21,218
– Long to Short Ratio:	0.7 to 1	1.0 to 1	1.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	39.2	52.6	84.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.2	-21.4	13.7

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week recorded a net position of 1,768 contracts in the data reported through Tuesday. This was a weekly lift of 1,012 contracts from the previous week which had a total of 756 net contracts.

This 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 63.9 percent. The commercials are Bearish with a score of 45.1 percent and the small traders (not shown in chart) are Bearish with a score of 31.0 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.6	58.2	26.8
– Percent of Open Interest Shorts:	4.4	70.2	24.9
– Net Position:	1,768	-2,099	331
– Gross Longs:	2,545	10,166	4,686
– Gross Shorts:	777	12,265	4,355
– Long to Short Ratio:	3.3 to 1	0.8 to 1	1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	63.9	45.1	31.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.0	5.8	-28.8

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week recorded a net position of 8,636 contracts in the data reported through Tuesday. This was a weekly lowering of -138 contracts from the previous week which had a total of 8,774 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 19.9 percent. The commercials are Bullish with a score of 78.3 percent and the small traders (not shown in chart) are Bearish with a score of 40.8 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.8	90.2	2.4
– Percent of Open Interest Shorts:	4.7	93.0	1.7
– Net Position:	8,636	-11,389	2,753
– Gross Longs:	27,744	368,338	9,731
– Gross Shorts:	19,108	379,727	6,978
– Long to Short Ratio:	1.5 to 1	1.0 to 1	1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	19.9	78.3	40.8
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.9	11.0	-22.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Stock Market News

04 Dec

COT Energy Speculators trim Heating Oil’s bullish bets to lowest level since May

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

Highlighting this week’s COT energy data is the heating oil speculator bets that fell for a seventh consecutive week. Speculator positions in heating oil have fallen by a total of -27,912 contracts over these past seven weeks and have declined sharply since reaching a multi-year bullish high in October. The heating oil speculator positioning has been bullish throughout the year and climbed to the multi-year high on October 12th with a total of 39,137 contracts. This was the most bullish standing in the past one hundred and fifty-six weeks, dating back all the way to October 16th of 2018. Since then, heating oil bets have streaked lower to the least bullish speculative level since May 11th at a total of just 11,225 contracts.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-30-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,033,286	14	387,234	35	-432,885	53	45,651	79
Gold	531,868	33	225,860	60	-258,603	39	32,743	57
Silver	138,003	5	38,434	61	-52,009	48	13,575	19
Copper	184,214	15	9,191	49	-15,763	49	6,572	63
Palladium	9,621	14	-2,973	2	3,277	98	-304	27
Platinum	62,385	26	8,948	15	-14,696	88	5,748	42
Natural Gas	1,269,879	36	-132,678	39	93,560	60	39,118	78
Brent	217,781	53	-15,494	93	12,212	8	3,282	54
Heating Oil	298,300	0	11,225	59	-26,834	43	15,609	52
Soybeans	671,433	15	55,317	44	-16,980	62	-38,337	8
Corn	1,405,105	5	394,912	80	-341,094	23	-53,818	12
Coffee	266,001	33	66,025	97	-69,144	6	3,119	10
Sugar	882,199	15	214,995	81	-242,927	22	27,932	42
Wheat	371,575	19	18,294	63	-10,430	31	-7,864	64

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week totaled a net position of 387,234 contracts in the data reported through Tuesday. This was a weekly fall of -20,423 contracts from the previous week which had a total of 407,657 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 35.2 percent. The commercials are Bullish with a score of 52.7 percent and the small traders (not shown in chart) are Bullish with a score of 79.4 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	34.9	5.6
– Percent of Open Interest Shorts:	6.1	56.2	3.4
– Net Position:	387,234	-432,885	45,651
– Gross Longs:	511,862	710,000	114,548
– Gross Shorts:	124,628	1,142,885	68,897
– Long to Short Ratio:	4.1 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	35.2	52.7	79.4
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.6	12.1	2.9

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week totaled a net position of -15,494 contracts in the data reported through Tuesday. This was a weekly fall of -972 contracts from the previous week which had a total of -14,522 net contracts.

This 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 93.3 percent. The commercials are Bearish-Extreme with a score of 8.5 percent and the small traders (not shown in chart) are Bullish with a score of 53.7 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.3	43.3	3.5
– Percent of Open Interest Shorts:	27.4	37.7	2.0
– Net Position:	-15,494	12,212	3,282
– Gross Longs:	44,183	94,392	7,626
– Gross Shorts:	59,677	82,180	4,344
– Long to Short Ratio:	0.7 to 1	1.1 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	93.3	8.5	53.7
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.0	-19.7	-17.9

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week totaled a net position of -132,678 contracts in the data reported through Tuesday. This was a weekly rise of 4,577 contracts from the previous week which had a total of -137,255 net contracts.

This 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 38.8 percent. The commercials are Bullish with a score of 60.4 percent and the small traders (not shown in chart) are Bullish with a score of 78.0 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.4	43.2	4.8
– Percent of Open Interest Shorts:	29.9	35.8	1.7
– Net Position:	-132,678	93,560	39,118
– Gross Longs:	246,559	548,661	60,357
– Gross Shorts:	379,237	455,101	21,239
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	38.8	60.4	78.0
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.5	2.2	-13.6

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week totaled a net position of 45,614 contracts in the data reported through Tuesday. This was a weekly decrease of -10,380 contracts from the previous week which had a total of 55,994 net contracts.

This 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 16.5 percent. The commercials are Bullish-Extreme with a score of 86.9 percent and the small traders (not shown in chart) are Bearish with a score of 38.7 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.5	46.9	6.4
– Percent of Open Interest Shorts:	16.5	64.5	4.8
– Net Position:	45,614	-50,163	4,549
– Gross Longs:	92,808	133,858	18,336
– Gross Shorts:	47,194	184,021	13,787
– Long to Short Ratio:	2.0 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	16.5	86.9	38.7
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.1	7.9	-28.9

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week totaled a net position of 11,225 contracts in the data reported through Tuesday. This was a weekly decrease of -4,406 contracts from the previous week which had a total of 15,631 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.9 percent. The commercials are Bearish with a score of 42.7 percent and the small traders (not shown in chart) are Bullish with a score of 52.4 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.0	49.1	13.5
– Percent of Open Interest Shorts:	10.3	58.1	8.3
– Net Position:	11,225	-26,834	15,609
– Gross Longs:	41,864	146,392	40,262
– Gross Shorts:	30,639	173,226	24,653
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	58.9	42.7	52.4
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.4	25.0	-28.4

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week totaled a net position of -11,948 contracts in the data reported through Tuesday. This was a weekly increase of 1,979 contracts from the previous week which had a total of -13,927 net contracts.

This 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 61.8 percent. The commercials are Bearish with a score of 37.1 percent and the small traders (not shown in chart) are Bearish with a score of 49.3 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	60.9	34.1	1.6
– Percent of Open Interest Shorts:	91.3	5.1	0.2
– Net Position:	-11,948	11,380	568
– Gross Longs:	23,942	13,396	627
– Gross Shorts:	35,890	2,016	59
– Long to Short Ratio:	0.7 to 1	6.6 to 1	10.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	61.8	37.1	49.3
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.5	-17.7	1.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

04 Dec

COT Speculators sharply decrease bullish bets in Corn, Sugar, Wheat & Soybeans

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

Highlighting this week’s COT soft commodities data was the strong decrease for many of the soft commodities speculator positions. This week saw speculators cut back on bets for Sugar (-34,631 contracts), Cocoa (-23,422 contracts), Wheat (-23,195 contracts), Corn (-22,177 contracts) and Soybean Meal (-21,150 contracts).

Most of the soft commodities have been seeing strong bullish sentiment on the part of the speculators and this week’s drop marked their largest declines in some time. Corn fell by largest amount in the past twelve weeks while Sugar saw the biggest shortfall of the past six weeks. Wheat speculator bets fell this week by most in the past one-hundred and forty-four weeks, dating back to March of 2019.

The only two soft commodities that saw higher speculator positions this week were live cattle and lean hogs.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-30-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,033,286	14	387,234	35	-432,885	53	45,651	79
Gold	531,868	33	225,860	60	-258,603	39	32,743	57
Silver	138,003	5	38,434	61	-52,009	48	13,575	19
Copper	184,214	15	9,191	49	-15,763	49	6,572	63
Palladium	9,621	14	-2,973	2	3,277	98	-304	27
Platinum	62,385	26	8,948	15	-14,696	88	5,748	42
Natural Gas	1,269,879	36	-132,678	39	93,560	60	39,118	78
Brent	217,781	53	-15,494	93	12,212	8	3,282	54
Heating Oil	298,300	0	11,225	59	-26,834	43	15,609	52
Soybeans	671,433	15	55,317	44	-16,980	62	-38,337	8
Corn	1,405,105	5	394,912	80	-341,094	23	-53,818	12
Coffee	266,001	33	66,025	97	-69,144	6	3,119	10
Sugar	882,199	15	214,995	81	-242,927	22	27,932	42
Wheat	371,575	19	18,294	63	-10,430	31	-7,864	64

CORN Futures:

The CORN large speculator standing this week resulted in a net position of 394,912 contracts in the data reported through Tuesday. This was a weekly fall of -22,177 contracts from the previous week which had a total of 417,089 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 80.5 percent. The commercials are Bearish with a score of 23.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.1 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.8	46.1	8.8
– Percent of Open Interest Shorts:	5.7	70.4	12.6
– Net Position:	394,912	-341,094	-53,818
– Gross Longs:	474,354	647,620	123,204
– Gross Shorts:	79,442	988,714	177,022
– Long to Short Ratio:	6.0 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	80.5	23.3	12.1
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.1	-17.5	2.9

SUGAR Futures:

The SUGAR large speculator standing this week resulted in a net position of 214,995 contracts in the data reported through Tuesday. This was a weekly decrease of -34,631 contracts from the previous week which had a total of 249,626 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 80.8 percent. The commercials are Bearish with a score of 22.1 percent and the small traders (not shown in chart) are Bearish with a score of 42.4 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.1	45.6	9.2
– Percent of Open Interest Shorts:	6.7	73.1	6.0
– Net Position:	214,995	-242,927	27,932
– Gross Longs:	274,020	402,372	81,292
– Gross Shorts:	59,025	645,299	53,360
– Long to Short Ratio:	4.6 to 1	0.6 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	80.8	22.1	42.4
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.7	0.1	-5.0

COFFEE Futures:

The COFFEE large speculator standing this week resulted in a net position of 66,025 contracts in the data reported through Tuesday. This was a weekly lowering of -1,879 contracts from the previous week which had a total of 67,904 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 96.6 percent. The commercials are Bearish-Extreme with a score of 5.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.9 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.8	45.2	3.8
– Percent of Open Interest Shorts:	5.0	71.2	2.6
– Net Position:	66,025	-69,144	3,119
– Gross Longs:	79,225	120,230	9,983
– Gross Shorts:	13,200	189,374	6,864
– Long to Short Ratio:	6.0 to 1	0.6 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	96.6	5.6	9.9
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.1	3.1	-7.6

SOYBEANS Futures:

The SOYBEANS large speculator standing this week resulted in a net position of 55,317 contracts in the data reported through Tuesday. This was a weekly fall of -10,897 contracts from the previous week which had a total of 66,214 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 44.1 percent. The commercials are Bullish with a score of 61.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.1 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.3	58.5	6.8
– Percent of Open Interest Shorts:	11.1	61.0	12.5
– Net Position:	55,317	-16,980	-38,337
– Gross Longs:	129,653	392,778	45,663
– Gross Shorts:	74,336	409,758	84,000
– Long to Short Ratio:	1.7 to 1	1.0 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	44.1	61.8	8.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.9	-1.7	-7.3

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week resulted in a net position of 61,121 contracts in the data reported through Tuesday. This was a weekly lowering of -21,150 contracts from the previous week which had a total of 82,271 net contracts.

This 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 64.6 percent. The commercials are Bearish with a score of 34.1 percent and the small traders (not shown in chart) are Bullish with a score of 63.9 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.3	48.7	12.1
– Percent of Open Interest Shorts:	6.9	70.0	6.2
– Net Position:	61,121	-84,386	23,265
– Gross Longs:	88,336	192,665	47,820
– Gross Shorts:	27,215	277,051	24,555
– Long to Short Ratio:	3.2 to 1	0.7 to 1	1.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	64.6	34.1	63.9
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	30.4	-29.4	0.8

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week resulted in a net position of 74,654 contracts in the data reported through Tuesday. This was a weekly increase of 9,193 contracts from the previous week which had a total of 65,461 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.1 percent. The commercials are Bullish with a score of 57.0 percent and the small traders (not shown in chart) are Bullish with a score of 55.8 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.1	38.0	9.0
– Percent of Open Interest Shorts:	15.0	57.9	13.1
– Net Position:	74,654	-61,828	-12,826
– Gross Longs:	121,310	117,809	27,865
– Gross Shorts:	46,656	179,637	40,691
– Long to Short Ratio:	2.6 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	39.1	57.0	55.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.6	-18.2	-10.2

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week resulted in a net position of 59,949 contracts in the data reported through Tuesday. This was a weekly boost of 4,756 contracts from the previous week which had a total of 55,193 net contracts.

This 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 73.1 percent. The commercials are Bearish with a score of 39.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.9	32.8	6.7
– Percent of Open Interest Shorts:	16.7	50.9	14.8
– Net Position:	59,949	-41,359	-18,590
– Gross Longs:	98,149	75,048	15,217
– Gross Shorts:	38,200	116,407	33,807
– Long to Short Ratio:	2.6 to 1	0.6 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	73.1	39.9	0.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.5	8.1	-10.6

COTTON Futures:

The COTTON large speculator standing this week resulted in a net position of 96,995 contracts in the data reported through Tuesday. This was a weekly fall of -10,116 contracts from the previous week which had a total of 107,111 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 84.5 percent. The commercials are Bearish-Extreme with a score of 16.7 percent and the small traders (not shown in chart) are Bullish with a score of 62.8 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.4	36.6	6.5
– Percent of Open Interest Shorts:	5.8	79.4	3.3
– Net Position:	96,995	-104,883	7,888
– Gross Longs:	111,082	89,513	15,879
– Gross Shorts:	14,087	194,396	7,991
– Long to Short Ratio:	7.9 to 1	0.5 to 1	2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	84.5	16.7	62.8
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.7	7.6	-34.1

COCOA Futures:

The COCOA large speculator standing this week resulted in a net position of -7,497 contracts in the data reported through Tuesday. This was a weekly fall of -23,422 contracts from the previous week which had a total of 15,925 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 Bearish-Extreme with a score of 16.5 percent. The commercials are Bullish-Extreme with a score of 85.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.5 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.0	55.0	4.7
– Percent of Open Interest Shorts:	28.1	52.1	4.5
– Net Position:	-7,497	7,141	356
– Gross Longs:	62,102	136,428	11,601
– Gross Shorts:	69,599	129,287	11,245
– Long to Short Ratio:	0.9 to 1	1.1 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	16.5	85.3	12.5
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-27.7	30.6	-44.4

WHEAT Futures:

The WHEAT large speculator standing this week resulted in a net position of 18,294 contracts in the data reported through Tuesday. This was a weekly fall of -23,195 contracts from the previous week which had a total of 41,489 net contracts.

This 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 62.6 percent. The commercials are Bearish with a score of 30.7 percent and the small traders (not shown in chart) are Bullish with a score of 64.0 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.2	35.5	8.5
– Percent of Open Interest Shorts:	26.3	38.3	10.6
– Net Position:	18,294	-10,430	-7,864
– Gross Longs:	115,857	132,061	31,535
– Gross Shorts:	97,563	142,491	39,399
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	62.6	30.7	64.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.9	-27.9	8.4

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

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