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COT Speculators push US Dollar bullish bets higher for 20th time in 23 weeks

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

The latest COT data is updated through Tuesday November 23rd 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 last week’s currency data is the US Dollar Index speculator bets continuing to climb higher. The Dollar Index positions rose for the third time in the past four weeks and have now increased for twenty out of the past twenty-three weeks as the net position has risen by a total of 38,078 contracts over that period. The dollar positioning has been over the +34,000 contract level for seven weeks in a row and if the position hits above +40,000 contracts, it would mark the first time since October of 2019 to hit that threshold. The Dollar Index strength index (compared to its three year range of positioning) remains in extreme bullish territory (over 80 percent) at an 87.5 score and has now been above 80 percent for eight consecutive weeks. The last time the Dollar Index had registered a bullish extreme level was also in October of 2019 when it rose as high as 94.5 percent before cooling off.

Data Snapshot of Forex Market Traders | Columns Legend

Nov-23-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	57,694	84	35,775	87	-41,146	6	5,371	75
EUR	711,685	88	-16,452	30	-16,835	71	33,287	30
GBP	213,313	47	-34,579	49	45,803	57	-11,224	32
JPY	251,801	90	-97,253	8	116,225	94	-18,972	9
CHF	52,412	31	-11,376	50	21,522	55	-10,146	34
CAD	150,275	30	-3,135	52	-11,397	45	14,532	69
AUD	188,033	74	-63,265	25	73,423	74	-10,158	28
NZD	44,524	33	13,939	95	-14,860	7	921	62
MXN	184,243	40	-49,461	1	50,588	100	-1,127	38
RUB	51,535	56	18,064	56	-19,323	41	1,259	69
BRL	34,375	36	-14,804	49	15,360	54	-556	60
Bitcoin	14,357	83	-160	100	729	0	-569	0

US Dollar Index Futures:

The US Dollar Index large speculator standing this week recorded a net position of 35,775 contracts in the data reported through Tuesday. This was a weekly boost of 867 contracts from the previous week which had a total of 34,908 net contracts.

This 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 87.5 percent. The commercials are Bearish-Extreme with a score of 6.2 percent and the small traders (not shown in chart) are Bullish with a score of 75.3 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	81.7	3.0	12.8
– Percent of Open Interest Shorts:	19.7	74.3	3.4
– Net Position:	35,775	-41,146	5,371
– Gross Longs:	47,116	1,739	7,357
– Gross Shorts:	11,341	42,885	1,986
– Long to Short Ratio:	4.2 to 1	0.0 to 1	3.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	87.5	6.2	75.3
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.2	2.6	-24.7

Euro Currency Futures:

The Euro Currency large speculator standing this week recorded a net position of -16,452 contracts in the data reported through Tuesday. This was a weekly decrease of -12,626 contracts from the previous week which had a total of -3,826 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.9 percent. The commercials are Bullish with a score of 71.0 percent and the small traders (not shown in chart) are Bearish with a score of 29.5 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.7	56.7	12.7
– Percent of Open Interest Shorts:	31.0	59.1	8.1
– Net Position:	-16,452	-16,835	33,287
– Gross Longs:	204,214	403,595	90,690
– Gross Shorts:	220,666	420,430	57,403
– 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):	29.9	71.0	29.5
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.6	-2.2	9.8

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week recorded a net position of -34,579 contracts in the data reported through Tuesday. This was a weekly decline of -2,980 contracts from the previous week which had a total of -31,599 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.1 percent. The commercials are Bullish with a score of 56.8 percent and the small traders (not shown in chart) are Bearish with a score of 32.4 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.5	62.8	10.5
– Percent of Open Interest Shorts:	39.7	41.3	15.8
– Net Position:	-34,579	45,803	-11,224
– Gross Longs:	50,122	133,888	22,470
– Gross Shorts:	84,701	88,085	33,694
– Long to Short Ratio:	0.6 to 1	1.5 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	49.1	56.8	32.4
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.3	15.1	-6.2

Japanese Yen Futures:

The Japanese Yen large speculator standing this week recorded a net position of -97,253 contracts in the data reported through Tuesday. This was a weekly decline of -4,127 contracts from the previous week which had a total of -93,126 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 7.8 percent. The commercials are Bullish-Extreme with a score of 93.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.8 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.1	81.8	8.9
– Percent of Open Interest Shorts:	46.7	35.6	16.4
– Net Position:	-97,253	116,225	-18,972
– Gross Longs:	20,285	205,923	22,338
– Gross Shorts:	117,538	89,698	41,310
– Long to Short Ratio:	0.2 to 1	2.3 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	7.8	93.9	8.8
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.9	10.5	-1.1

Swiss Franc Futures:

The Swiss Franc large speculator standing this week recorded a net position of -11,376 contracts in the data reported through Tuesday. This was a weekly fall of -2,487 contracts from the previous week which had a total of -8,889 net contracts.

This 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 55.1 percent and the small traders (not shown in chart) are Bearish with a score of 33.5 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.9	65.6	22.3
– Percent of Open Interest Shorts:	33.6	24.6	41.7
– Net Position:	-11,376	21,522	-10,146
– Gross Longs:	6,241	34,403	11,695
– Gross Shorts:	17,617	12,881	21,841
– Long to Short Ratio:	0.4 to 1	2.7 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	50.1	55.1	33.5
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.8	-9.5	20.1

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week recorded a net position of -3,135 contracts in the data reported through Tuesday. This was a weekly decline of -11,844 contracts from the previous week which had a total of 8,709 net contracts.

This 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 52.4 percent. The commercials are Bearish with a score of 44.5 percent and the small traders (not shown in chart) are Bullish with a score of 68.7 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.5	44.0	24.7
– Percent of Open Interest Shorts:	31.6	51.6	15.0
– Net Position:	-3,135	-11,397	14,532
– Gross Longs:	44,320	66,164	37,111
– Gross Shorts:	47,455	77,561	22,579
– Long to Short Ratio:	0.9 to 1	0.9 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	52.4	44.5	68.7
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.6	-14.5	-2.4

Australian Dollar Futures:

The Australian Dollar large speculator standing this week recorded a net position of -63,265 contracts in the data reported through Tuesday. This was a weekly decline of -2,112 contracts from the previous week which had a total of -61,153 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 25.1 percent. The commercials are Bullish with a score of 73.7 percent and the small traders (not shown in chart) are Bearish with a score of 27.7 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.6	65.4	10.1
– Percent of Open Interest Shorts:	55.2	26.3	15.5
– Net Position:	-63,265	73,423	-10,158
– Gross Longs:	40,523	122,921	18,914
– Gross Shorts:	103,788	49,498	29,072
– Long to Short Ratio:	0.4 to 1	2.5 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	25.1	73.7	27.7
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.9	-21.3	10.3

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week recorded a net position of 13,939 contracts in the data reported through Tuesday. This was a weekly fall of -26 contracts from the previous week which had a total of 13,965 net contracts.

This 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 94.7 percent. The commercials are Bearish-Extreme with a score of 7.5 percent and the small traders (not shown in chart) are Bullish with a score of 62.4 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	62.5	24.6	10.3
– Percent of Open Interest Shorts:	31.2	58.0	8.3
– Net Position:	13,939	-14,860	921
– Gross Longs:	27,835	10,943	4,596
– Gross Shorts:	13,896	25,803	3,675
– Long to Short Ratio:	2.0 to 1	0.4 to 1	1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	94.7	7.5	62.4
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.7	-10.3	17.4

Mexican Peso Futures:

The Mexican Peso large speculator standing this week recorded a net position of -49,461 contracts in the data reported through Tuesday. This was a weekly decline of -1,806 contracts from the previous week which had a total of -47,655 net contracts.

This 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 0.7 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 38.2 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	43.8	53.2	2.3
– Percent of Open Interest Shorts:	70.6	25.7	2.9
– Net Position:	-49,461	50,588	-1,127
– Gross Longs:	80,691	98,029	4,234
– Gross Shorts:	130,152	47,441	5,361
– Long to Short Ratio:	0.6 to 1	2.1 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.7	100.0	38.2
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.4	5.7	-12.7

Brazilian Real Futures:

The Brazilian Real large speculator standing this week recorded a net position of -14,804 contracts in the data reported through Tuesday. This was a weekly advance of 894 contracts from the previous week which had a total of -15,698 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.8 percent. The commercials are Bullish with a score of 53.9 percent and the small traders (not shown in chart) are Bullish with a score of 60.1 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	64.7	7.2
– Percent of Open Interest Shorts:	69.8	20.0	8.8
– Net Position:	-14,804	15,360	-556
– Gross Longs:	9,197	22,233	2,462
– Gross Shorts:	24,001	6,873	3,018
– Long to Short Ratio:	0.4 to 1	3.2 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	48.8	53.9	60.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.3	20.6	-12.5

Russian Ruble Futures:

The Russian Ruble large speculator standing this week recorded a net position of 18,064 contracts in the data reported through Tuesday. This was a weekly decline of -4,561 contracts from the previous week which had a total of 22,625 net contracts.

This 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 56.1 percent. The commercials are Bearish with a score of 41.2 percent and the small traders (not shown in chart) are Bullish with a score of 68.8 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	49.7	45.2	5.0
– Percent of Open Interest Shorts:	14.7	82.7	2.6
– Net Position:	18,064	-19,323	1,259
– Gross Longs:	25,617	23,317	2,601
– Gross Shorts:	7,553	42,640	1,342
– Long to Short Ratio:	3.4 to 1	0.5 to 1	1.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	56.1	41.2	68.8
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.9	5.5	-31.2

Bitcoin Futures:

The Bitcoin large speculator standing this week recorded a net position of -160 contracts in the data reported through Tuesday. This was a weekly increase of 1,318 contracts from the previous week which had a total of -1,478 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 99.6 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	63.1	6.7	14.6
– Percent of Open Interest Shorts:	64.2	1.7	18.5
– Net Position:	-160	729	-569
– Gross Longs:	9,054	966	2,094
– Gross Shorts:	9,214	237	2,663
– Long to Short Ratio:	1.0 to 1	4.1 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	99.6	100.0	0.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	29.6	16.6	-32.7

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.

29 Nov

COT Bonds Futures Charts: Treasuries, Fed Funds, 10-Year, 2-Year, 5-Year, Eurodollars & Ultra Treasury Notes

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

The latest COT data is updated through Tuesday November 23 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Data Snapshot of Bond Market Traders | Columns Legend

Nov-23-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	12,349,444	62	-1,300,481	25	1,673,242	72	-372,761	53
FedFunds	1,298,421	24	-82,005	29	95,280	71	-13,275	37
2-Year	2,132,720	14	-46,620	82	98,539	36	-51,919	3
Long T-Bond	1,252,959	58	-11,025	89	2,535	21	8,490	59
10-Year	4,124,886	73	-323,415	22	626,237	100	-302,822	8
5-Year	4,093,700	52	-284,883	31	580,200	92	-295,317	0

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week equaled a net position of -1,300,481 contracts in the data reported through Tuesday. This was a weekly fall of -181,198 contracts from the previous week which had a total of -1,119,283 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.8 percent. The commercials are Bullish with a score of 71.7 percent and the small traders (not shown in chart) are Bullish with a score of 52.7 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.4	66.5	4.2
– Percent of Open Interest Shorts:	21.9	53.0	7.2
– Net Position:	-1,300,481	1,673,242	-372,761
– Gross Longs:	1,402,059	8,214,489	521,653
– Gross Shorts:	2,702,540	6,541,247	894,414
– Long to Short Ratio:	0.5 to 1	1.3 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	24.8	71.7	52.7
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.6	9.7	-13.8

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week equaled a net position of -82,005 contracts in the data reported through Tuesday. This was a weekly reduction of -16,799 contracts from the previous week which had a total of -65,206 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.5 percent. The commercials are Bullish with a score of 71.4 percent and the small traders (not shown in chart) are Bearish with a score of 36.6 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.8	81.2	1.4
– Percent of Open Interest Shorts:	11.1	73.9	2.5
– Net Position:	-82,005	95,280	-13,275
– Gross Longs:	62,546	1,054,351	18,787
– Gross Shorts:	144,551	959,071	32,062
– Long to Short Ratio:	0.4 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	29.5	71.4	36.6
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.6	1.9	-5.1

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week equaled a net position of -46,620 contracts in the data reported through Tuesday. This was a weekly decrease of -41,175 contracts from the previous week which had a total of -5,445 net contracts.

This 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 82.0 percent. The commercials are Bearish with a score of 36.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 3.4 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.2	73.1	6.5
– Percent of Open Interest Shorts:	16.4	68.5	8.9
– Net Position:	-46,620	98,539	-51,919
– Gross Longs:	302,567	1,558,485	138,934
– Gross Shorts:	349,187	1,459,946	190,853
– Long to Short Ratio:	0.9 to 1	1.1 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	82.0	36.4	3.4
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.3	7.2	-17.6

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week equaled a net position of -284,883 contracts in the data reported through Tuesday. This was a weekly rise of 59,712 contracts from the previous week which had a total of -344,595 net contracts.

This 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 30.6 percent. The commercials are Bullish-Extreme with a score of 92.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.2	77.3	7.6
– Percent of Open Interest Shorts:	15.1	63.1	14.8
– Net Position:	-284,883	580,200	-295,317
– Gross Longs:	335,148	3,165,060	310,719
– Gross Shorts:	620,031	2,584,860	606,036
– Long to Short Ratio:	0.5 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	30.6	92.3	0.0
– COT Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.7	4.1	-18.4

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week equaled a net position of -323,415 contracts in the data reported through Tuesday. This was a weekly decrease of -29,274 contracts from the previous week which had a total of -294,141 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 22.2 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.2 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.6	77.0	8.5
– Percent of Open Interest Shorts:	18.5	61.8	15.8
– Net Position:	-323,415	626,237	-302,822
– Gross Longs:	437,867	3,176,597	350,623
– Gross Shorts:	761,282	2,550,360	653,445
– 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):	22.2	100.0	8.2
– COT Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-73.9	57.1	3.8

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week equaled a net position of 156,586 contracts in the data reported through Tuesday. This was a weekly reduction of -5,824 contracts from the previous week which had a total of 162,410 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.1 percent. The commercials are Bullish with a score of 54.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.9	71.7	7.4
– Percent of Open Interest Shorts:	9.0	69.4	19.6
– Net Position:	156,586	35,408	-191,994
– Gross Longs:	297,229	1,125,042	115,416
– Gross Shorts:	140,643	1,089,634	307,410
– Long to Short Ratio:	2.1 to 1	1.0 to 1	0.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	69.1	54.2	0.0
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.5	-14.3	-6.9

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week equaled a net position of -11,025 contracts in the data reported through Tuesday. This was a weekly advance of 5,343 contracts from the previous week which had a total of -16,368 net contracts.

This 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 89.5 percent. The commercials are Bearish with a score of 20.9 percent and the small traders (not shown in chart) are Bullish with a score of 59.3 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.3	69.9	14.8
– Percent of Open Interest Shorts:	13.1	69.7	14.1
– Net Position:	-11,025	2,535	8,490
– Gross Longs:	153,738	876,170	185,217
– Gross Shorts:	164,763	873,635	176,727
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	89.5	20.9	59.3
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.0	-26.7	22.4

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week equaled a net position of -291,720 contracts in the data reported through Tuesday. This was a weekly boost of 7,159 contracts from the previous week which had a total of -298,879 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 66.2 percent. The commercials are Bullish with a score of 52.2 percent and the small traders (not shown in chart) are Bearish with a score of 36.3 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.8	80.0	13.0
– Percent of Open Interest Shorts:	28.5	58.2	12.1
– Net Position:	-291,720	280,496	11,224
– Gross Longs:	75,005	1,029,708	167,388
– Gross Shorts:	366,725	749,212	156,164
– 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):	66.2	52.2	36.3
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.9	-18.1	10.9

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

29 Nov

COT Metals Charts: Copper, Gold, Silver, Platinum & Palladium

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-23-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,028,573	13	407,657	42	-454,965	46	47,308	82
Gold	559,823	40	234,411	62	-267,834	36	33,423	63
Silver	149,642	16	40,105	62	-56,998	43	16,893	39
Copper	190,681	20	13,722	52	-20,941	45	7,219	67
Palladium	10,078	16	-1,766	9	1,913	91	-147	36
Platinum	61,553	24	13,135	21	-20,272	80	7,137	62
Natural Gas	1,280,907	38	-137,255	37	97,333	62	39,922	80
Brent	206,668	45	-14,522	95	7,811	1	6,711	100
Heating Oil	338,034	0	15,631	65	-30,997	38	15,366	52
Soybeans	691,303	20	66,214	47	-29,173	59	-37,041	10
Corn	1,611,856	40	417,089	83	-363,662	20	-53,427	12
Coffee	272,527	38	67,904	98	-71,494	4	3,590	13
Sugar	920,493	24	249,626	88	-296,922	12	47,296	66
Wheat	425,301	47	41,489	82	-32,939	9	-8,550	61

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week totaled a net position of 234,411 contracts in the data reported through Tuesday. This was a weekly reduction of -25,369 contracts from the previous week which had a total of 259,780 net contracts.

This 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 62.3 percent. The commercials are Bearish with a score of 35.9 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	58.3	21.6	9.9
– Percent of Open Interest Shorts:	16.4	69.5	3.9
– Net Position:	234,411	-267,834	33,423
– Gross Longs:	326,409	121,027	55,380
– Gross Shorts:	91,998	388,861	21,957
– Long to Short Ratio:	3.5 to 1	0.3 to 1	2.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	62.3	35.9	62.7
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.5	-18.3	29.4

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week totaled a net position of 40,105 contracts in the data reported through Tuesday. This was a weekly decline of -5,520 contracts from the previous week which had a total of 45,625 net contracts.

This 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 62.3 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bearish with a score of 39.1 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.8	27.5	19.9
– Percent of Open Interest Shorts:	19.0	65.6	8.6
– Net Position:	40,105	-56,998	16,893
– Gross Longs:	68,478	41,120	29,715
– Gross Shorts:	28,373	98,118	12,822
– Long to Short Ratio:	2.4 to 1	0.4 to 1	2.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	62.3	43.0	39.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.1	-26.2	27.7

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week totaled a net position of 13,722 contracts in the data reported through Tuesday. This was a weekly fall of -6,615 contracts from the previous week which had a total of 20,337 net contracts.

This 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 52.2 percent. The commercials are Bearish with a score of 45.1 percent and the small traders (not shown in chart) are Bullish with a score of 67.0 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.6	40.7	9.5
– Percent of Open Interest Shorts:	30.4	51.7	5.7
– Net Position:	13,722	-20,941	7,219
– Gross Longs:	71,699	77,592	18,094
– Gross Shorts:	57,977	98,533	10,875
– Long to Short Ratio:	1.2 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	52.2	45.1	67.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.3	3.4	22.2

Platinum Futures:

The Platinum Futures large speculator standing this week totaled a net position of 13,135 contracts in the data reported through Tuesday. This was a weekly decrease of -7,878 contracts from the previous week which had a total of 21,013 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 21.3 percent. The commercials are Bullish-Extreme with a score of 80.0 percent and the small traders (not shown in chart) are Bullish with a score of 61.6 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	49.5	27.8	16.4
– Percent of Open Interest Shorts:	28.1	60.8	4.8
– Net Position:	13,135	-20,272	7,137
– Gross Longs:	30,454	17,139	10,078
– Gross Shorts:	17,319	37,411	2,941
– Long to Short Ratio:	1.8 to 1	0.5 to 1	3.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	21.3	80.0	61.6
– COT Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.2	-5.0	18.2

Palladium Futures:

The Palladium Futures large speculator standing this week totaled a net position of -1,766 contracts in the data reported through Tuesday. This was a weekly advance of 272 contracts from the previous week which had a total of -2,038 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 8.8 percent. The commercials are Bullish-Extreme with a score of 91.0 percent and the small traders (not shown in chart) are Bearish with a score of 36.0 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.7	52.9	15.6
– Percent of Open Interest Shorts:	47.2	33.9	17.0
– Net Position:	-1,766	1,913	-147
– Gross Longs:	2,992	5,329	1,571
– Gross Shorts:	4,758	3,416	1,718
– Long to Short Ratio:	0.6 to 1	1.6 to 1	0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	8.8	91.0	36.0
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.0	-3.8	-1.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

29 Nov

COT Stock Market Charts: VIX, SP500-Mini, Nasdaq-Mini, Russell-2000 & Dow Jones Industrial

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

The latest COT data is updated through Tuesday November 23rd 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Data Snapshot of Stock Market Traders | Columns Legend

Nov-23-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,455,317	3	123,814	83	-149,551	39	25,737	32
Nikkei 225	17,523	9	756	60	-2,085	45	1,329	44
Nasdaq-Mini	258,727	47	28,014	91	-22,772	12	-5,242	32
DowJones-Mini	106,092	78	-2,151	33	-5,364	56	7,515	79
VIX	311,412	30	-81,936	52	92,079	50	-10,143	18
Nikkei 225 Yen	54,780	36	-5,850	7	26,032	94	-20,182	39

VIX Volatility Futures:

The VIX Volatility large speculator standing this week came in at a net position of -81,936 contracts in the data reported through Tuesday. This was a weekly reduction of -19,449 contracts from the previous week which had a total of -62,487 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 52.0 percent. The commercials are Bullish with a score of 50.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.9 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.8	61.2	6.5
– Percent of Open Interest Shorts:	39.1	31.7	9.8
– Net Position:	-81,936	92,079	-10,143
– Gross Longs:	39,888	190,717	20,368
– Gross Shorts:	121,824	98,638	30,511
– Long to Short Ratio:	0.3 to 1	1.9 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	52.0	50.3	17.9
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.2	3.9	-8.7

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week came in at a net position of 123,814 contracts in the data reported through Tuesday. This was a weekly gain of 12,662 contracts from the previous week which had a total of 111,152 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 83.2 percent. The commercials are Bearish with a score of 39.1 percent and the small traders (not shown in chart) are Bearish with a score of 31.8 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.4	70.2	11.1
– Percent of Open Interest Shorts:	10.3	76.3	10.1
– Net Position:	123,814	-149,551	25,737
– Gross Longs:	377,514	1,723,316	272,632
– Gross Shorts:	253,700	1,872,867	246,895
– Long to Short Ratio:	1.5 to 1	0.9 to 1	1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	83.2	39.1	31.8
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.9	-2.9	-1.8

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week came in at a net position of -2,151 contracts in the data reported through Tuesday. This was a weekly lift of 2,127 contracts from the previous week which had a total of -4,278 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.2 percent. The commercials are Bullish with a score of 55.8 percent and the small traders (not shown in chart) are Bullish with a score of 78.7 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.9	43.9	18.5
– Percent of Open Interest Shorts:	38.9	48.9	11.4
– Net Position:	-2,151	-5,364	7,515
– Gross Longs:	39,132	46,566	19,656
– Gross Shorts:	41,283	51,930	12,141
– Long to Short Ratio:	0.9 to 1	0.9 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	33.2	55.8	78.7
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.7	-2.8	0.6

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week came in at a net position of 28,014 contracts in the data reported through Tuesday. This was a weekly increase of 14,556 contracts from the previous week which had a total of 13,458 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 90.7 percent. The commercials are Bearish-Extreme with a score of 12.5 percent and the small traders (not shown in chart) are Bearish with a score of 32.2 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.3	50.5	15.5
– Percent of Open Interest Shorts:	21.5	59.3	17.6
– Net Position:	28,014	-22,772	-5,242
– Gross Longs:	83,595	130,622	40,183
– Gross Shorts:	55,581	153,394	45,425
– Long to Short Ratio:	1.5 to 1	0.9 to 1	0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	90.7	12.5	32.2
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.1	-15.8	-7.1

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week came in at a net position of -21,538 contracts in the data reported through Tuesday. This was a weekly decline of -1,371 contracts from the previous week which had a total of -20,167 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 45.7 percent. The commercials are Bearish with a score of 44.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.5 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.4	75.2	8.5
– Percent of Open Interest Shorts:	19.9	75.1	4.0
– Net Position:	-21,538	463	21,075
– Gross Longs:	72,793	356,171	40,089
– Gross Shorts:	94,331	355,708	19,014
– Long to Short Ratio:	0.8 to 1	1.0 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	45.7	44.6	92.5
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.5	-24.0	27.9

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week came in at a net position of 756 contracts in the data reported through Tuesday. This was a weekly decline of -697 contracts from the previous week which had a total of 1,453 net contracts.

This 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 60.3 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 43.8 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.4	56.3	28.2
– Percent of Open Interest Shorts:	11.1	68.2	20.6
– Net Position:	756	-2,085	1,329
– Gross Longs:	2,696	9,867	4,936
– Gross Shorts:	1,940	11,952	3,607
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	60.3	45.1	43.8
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.5	1.5	-0.2

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week came in at a net position of 8,774 contracts in the data reported through Tuesday. This was a weekly lowering of -1,343 contracts from the previous week which had a total of 10,117 net contracts.

This 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 20.1 percent. The commercials are Bullish with a score of 74.0 percent and the small traders (not shown in chart) are Bullish with a score of 63.2 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.0	89.5	3.1
– Percent of Open Interest Shorts:	4.8	93.0	1.8
– Net Position:	8,774	-13,991	5,217
– Gross Longs:	28,146	359,654	12,497
– Gross Shorts:	19,372	373,645	7,280
– Long to Short Ratio:	1.5 to 1	1.0 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	20.1	74.0	63.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.7	12.9	-2.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Stock Market News

29 Nov

COT Energy Charts: WTI Crude Oil, Natural Gas, Gasoline, Bloomberg Index, #2 Heating Oil & Brent Oil

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-23-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,028,573	13	407,657	42	-454,965	46	47,308	82
Gold	559,823	40	234,411	62	-267,834	36	33,423	63
Silver	149,642	16	40,105	62	-56,998	43	16,893	39
Copper	190,681	20	13,722	52	-20,941	45	7,219	67
Palladium	10,078	16	-1,766	9	1,913	91	-147	36
Platinum	61,553	24	13,135	21	-20,272	80	7,137	62
Natural Gas	1,280,907	38	-137,255	37	97,333	62	39,922	80
Brent	206,668	45	-14,522	95	7,811	1	6,711	100
Heating Oil	338,034	0	15,631	65	-30,997	38	15,366	52
Soybeans	691,303	20	66,214	47	-29,173	59	-37,041	10
Corn	1,611,856	40	417,089	83	-363,662	20	-53,427	12
Coffee	272,527	38	67,904	98	-71,494	4	3,590	13
Sugar	920,493	24	249,626	88	-296,922	12	47,296	66
Wheat	425,301	47	41,489	82	-32,939	9	-8,550	61

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week reached a net position of 407,657 contracts in the data reported through Tuesday. This was a weekly decrease of -8,128 contracts from the previous week which had a total of 415,785 net contracts.

This 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 41.8 percent. The commercials are Bearish with a score of 46.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.7 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	35.2	4.8
– Percent of Open Interest Shorts:	5.1	57.6	2.4
– Net Position:	407,657	-454,965	47,308
– Gross Longs:	510,586	713,989	96,613
– Gross Shorts:	102,929	1,168,954	49,305
– Long to Short Ratio:	5.0 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	41.8	46.1	81.7
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.9	-0.4	-2.3

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week reached a net position of -14,522 contracts in the data reported through Tuesday. This was a weekly decline of -1,622 contracts from the previous week which had a total of -12,900 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 95.1 percent. The commercials are Bearish-Extreme with a score of 0.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.8	41.1	5.4
– Percent of Open Interest Shorts:	26.8	37.3	2.2
– Net Position:	-14,522	7,811	6,711
– Gross Longs:	40,872	84,910	11,253
– Gross Shorts:	55,394	77,099	4,542
– Long to Short Ratio:	0.7 to 1	1.1 to 1	2.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	95.1	0.7	100.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	37.5	-38.3	12.6

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week reached a net position of -137,255 contracts in the data reported through Tuesday. This was a weekly increase of 7,365 contracts from the previous week which had a total of -144,620 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 37.4 percent. The commercials are Bullish with a score of 61.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.1 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.3	43.6	4.8
– Percent of Open Interest Shorts:	30.0	36.0	1.7
– Net Position:	-137,255	97,333	39,922
– Gross Longs:	247,059	558,259	61,756
– Gross Shorts:	384,314	460,926	21,834
– Long to Short Ratio:	0.6 to 1	1.2 to 1	2.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	37.4	61.6	80.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.9	1.9	0.6

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week reached a net position of 55,994 contracts in the data reported through Tuesday. This was a weekly lift of 1,780 contracts from the previous week which had a total of 54,214 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 27.1 percent. The commercials are Bullish with a score of 75.6 percent and the small traders (not shown in chart) are Bearish with a score of 43.7 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.5	45.4	6.2
– Percent of Open Interest Shorts:	15.7	63.8	4.6
– Net Position:	55,994	-61,376	5,382
– Gross Longs:	108,575	151,563	20,636
– Gross Shorts:	52,581	212,939	15,254
– Long to Short Ratio:	2.1 to 1	0.7 to 1	1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	27.1	75.6	43.7
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.9	-3.6	-31.0

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week reached a net position of 15,631 contracts in the data reported through Tuesday. This was a weekly decrease of -1,398 contracts from the previous week which had a total of 17,029 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.4 percent. The commercials are Bearish with a score of 38.3 percent and the small traders (not shown in chart) are Bullish with a score of 51.6 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.9	48.5	13.0
– Percent of Open Interest Shorts:	10.3	57.6	8.4
– Net Position:	15,631	-30,997	15,366
– Gross Longs:	50,383	163,853	43,785
– Gross Shorts:	34,752	194,850	28,419
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	65.4	38.3	51.6
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-34.6	36.9	-38.6

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week reached a net position of -13,927 contracts in the data reported through Tuesday. This was a weekly boost of 46 contracts from the previous week which had a total of -13,973 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 with a score of 40.3 percent. The commercials are Bullish with a score of 58.5 percent and the small traders (not shown in chart) are Bullish with a score of 56.0 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	55.7	37.8	1.9
– Percent of Open Interest Shorts:	90.3	5.0	0.1
– Net Position:	-13,927	13,206	721
– Gross Longs:	22,440	15,222	777
– Gross Shorts:	36,367	2,016	56
– Long to Short Ratio:	0.6 to 1	7.6 to 1	13.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	40.3	58.5	56.0
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.2	-6.8	8.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

29 Nov

COT Soft Commodities Charts: Cotton, Sugar, Corn, Coffee, Soybean Meal, Wheat & Live Cattle

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC) on Monday due to the Thanksgiving holiday last week.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-23-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,028,573	13	407,657	42	-454,965	46	47,308	82
Gold	559,823	40	234,411	62	-267,834	36	33,423	63
Silver	149,642	16	40,105	62	-56,998	43	16,893	39
Copper	190,681	20	13,722	52	-20,941	45	7,219	67
Palladium	10,078	16	-1,766	9	1,913	91	-147	36
Platinum	61,553	24	13,135	21	-20,272	80	7,137	62
Natural Gas	1,280,907	38	-137,255	37	97,333	62	39,922	80
Brent	206,668	45	-14,522	95	7,811	1	6,711	100
Heating Oil	338,034	0	15,631	65	-30,997	38	15,366	52
Soybeans	691,303	20	66,214	47	-29,173	59	-37,041	10
Corn	1,611,856	40	417,089	83	-363,662	20	-53,427	12
Coffee	272,527	38	67,904	98	-71,494	4	3,590	13
Sugar	920,493	24	249,626	88	-296,922	12	47,296	66
Wheat	425,301	47	41,489	82	-32,939	9	-8,550	61

CORN Futures:

The CORN large speculator standing this week equaled a net position of 417,089 contracts in the data reported through Tuesday. This was a weekly advance of 17,903 contracts from the previous week which had a total of 399,186 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 83.3 percent. The commercials are Bearish with a score of 20.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.3 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.7	44.9	8.4
– Percent of Open Interest Shorts:	6.8	67.4	11.7
– Net Position:	417,089	-363,662	-53,427
– Gross Longs:	526,890	723,154	135,102
– Gross Shorts:	109,801	1,086,816	188,529
– Long to Short Ratio:	4.8 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	83.3	20.1	12.3
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.6	-20.0	1.4

SUGAR Futures:

The SUGAR large speculator standing this week equaled a net position of 249,626 contracts in the data reported through Tuesday. This was a weekly boost of 22,237 contracts from the previous week which had a total of 227,389 net contracts.

This 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 87.9 percent. The commercials are Bearish-Extreme with a score of 11.9 percent and the small traders (not shown in chart) are Bullish with a score of 66.3 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.3	42.7	10.4
– Percent of Open Interest Shorts:	5.2	74.9	5.3
– Net Position:	249,626	-296,922	47,296
– Gross Longs:	297,379	392,868	96,088
– Gross Shorts:	47,753	689,790	48,792
– Long to Short Ratio:	6.2 to 1	0.6 to 1	2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	87.9	11.9	66.3
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.7	-0.4	-1.5

COFFEE Futures:

The COFFEE large speculator standing this week equaled a net position of 67,904 contracts in the data reported through Tuesday. This was a weekly increase of 1,823 contracts from the previous week which had a total of 66,081 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 97.9 percent. The commercials are Bearish-Extreme with a score of 3.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.2 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.9	42.9	3.8
– Percent of Open Interest Shorts:	5.0	69.1	2.5
– Net Position:	67,904	-71,494	3,590
– Gross Longs:	81,471	116,803	10,294
– Gross Shorts:	13,567	188,297	6,704
– 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):	97.9	3.8	13.2
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.9	1.8	-7.9

SOYBEANS Futures:

The SOYBEANS large speculator standing this week equaled a net position of 66,214 contracts in the data reported through Tuesday. This was a weekly lift of 19,297 contracts from the previous week which had a total of 46,917 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.8 percent. The commercials are Bullish with a score of 59.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.2 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.7	57.1	7.3
– Percent of Open Interest Shorts:	11.1	61.3	12.7
– Net Position:	66,214	-29,173	-37,041
– Gross Longs:	143,021	394,688	50,478
– Gross Shorts:	76,807	423,861	87,519
– Long to Short Ratio:	1.9 to 1	0.9 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	46.8	59.0	10.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.0	-4.6	-7.8

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week equaled a net position of 85,142 contracts in the data reported through Tuesday. This was a weekly lift of 6,576 contracts from the previous week which had a total of 78,566 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.8 percent. The commercials are Bearish with a score of 32.5 percent and the small traders (not shown in chart) are Bearish with a score of 48.9 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.3	47.7	7.5
– Percent of Open Interest Shorts:	8.6	69.6	5.3
– Net Position:	85,142	-94,645	9,503
– Gross Longs:	122,206	205,546	32,256
– Gross Shorts:	37,064	300,191	22,753
– Long to Short Ratio:	3.3 to 1	0.7 to 1	1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	69.8	32.5	48.9
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.3	-4.9	-0.0

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week equaled a net position of 82,271 contracts in the data reported through Tuesday. This was a weekly lift of 8,282 contracts from the previous week which had a total of 73,989 net contracts.

This 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 77.0 percent. The commercials are Bearish with a score of 20.3 percent and the small traders (not shown in chart) are Bullish with a score of 77.4 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.8	44.8	11.8
– Percent of Open Interest Shorts:	5.1	69.6	5.7
– Net Position:	82,271	-108,922	26,651
– Gross Longs:	104,796	197,007	51,748
– Gross Shorts:	22,525	305,929	25,097
– Long to Short Ratio:	4.7 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	77.0	20.3	77.4
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	49.6	-51.2	24.1

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week equaled a net position of 65,461 contracts in the data reported through Tuesday. This was a weekly lift of 13,235 contracts from the previous week which had a total of 52,226 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.0 percent. The commercials are Bullish with a score of 64.0 percent and the small traders (not shown in chart) are Bullish with a score of 57.7 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.5	38.6	10.0
– Percent of Open Interest Shorts:	15.4	55.8	13.9
– Net Position:	65,461	-53,384	-12,077
– Gross Longs:	113,139	119,408	31,094
– Gross Shorts:	47,678	172,792	43,171
– Long to Short Ratio:	2.4 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	33.0	64.0	57.7
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.2	-14.5	-12.5

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week equaled a net position of 55,193 contracts in the data reported through Tuesday. This was a weekly gain of 8,429 contracts from the previous week which had a total of 46,764 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.1 percent. The commercials are Bearish with a score of 43.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.1 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.8	33.0	7.4
– Percent of Open Interest Shorts:	16.5	48.9	14.7
– Net Position:	55,193	-37,808	-17,385
– Gross Longs:	94,433	78,278	17,465
– Gross Shorts:	39,240	116,086	34,850
– Long to Short Ratio:	2.4 to 1	0.7 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	68.1	43.7	0.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.1	17.3	0.1

COTTON Futures:

The COTTON large speculator standing this week equaled a net position of 107,111 contracts in the data reported through Tuesday. This was a weekly lowering of -1,330 contracts from the previous week which had a total of 108,441 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.0 percent. The commercials are Bearish-Extreme with a score of 7.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.4 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.6	34.9	7.7
– Percent of Open Interest Shorts:	4.5	80.8	2.9
– Net Position:	107,111	-119,746	12,635
– Gross Longs:	118,922	91,200	20,105
– Gross Shorts:	11,811	210,946	7,470
– Long to Short Ratio:	10.1 to 1	0.4 to 1	2.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	91.0	7.9	92.4
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.7	2.5	-0.1

COCOA Futures:

The COCOA large speculator standing this week equaled a net position of 15,925 contracts in the data reported through Tuesday. This was a weekly lift of 11,404 contracts from the previous week which had a total of 4,521 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 37.8 percent. The commercials are Bullish with a score of 63.1 percent and the small traders (not shown in chart) are Bearish with a score of 28.8 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.6	52.4	4.4
– Percent of Open Interest Shorts:	20.8	59.9	3.6
– Net Position:	15,925	-17,710	1,785
– Gross Longs:	65,168	123,689	10,355
– Gross Shorts:	49,243	141,399	8,570
– Long to Short Ratio:	1.3 to 1	0.9 to 1	1.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	37.8	63.1	28.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.2	24.7	-37.5

WHEAT Futures:

The WHEAT large speculator standing this week equaled a net position of 41,489 contracts in the data reported through Tuesday. This was a weekly boost of 4,728 contracts from the previous week which had a total of 36,761 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 82.4 percent. The commercials are Bearish-Extreme with a score of 8.8 percent and the small traders (not shown in chart) are Bullish with a score of 60.7 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.7	34.2	8.0
– Percent of Open Interest Shorts:	23.0	42.0	10.0
– Net Position:	41,489	-32,939	-8,550
– Gross Longs:	139,196	145,504	34,107
– Gross Shorts:	97,707	178,443	42,657
– Long to Short Ratio:	1.4 to 1	0.8 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	82.4	8.8	60.7
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	39.2	-44.7	-0.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

23 Nov

COT Speculator Extremes: Brent Oil, Coffee, Mexican Peso & Palladium lead Bullish & Bearish Positions

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 16th 2021.

This weekly Extreme Positions report highlights the Top 5 Most Bullish and Top 5 Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

To signify an extreme position, we use the Strength Index (also known as the COT Index) of each instrument, a common method of measuring COT data. The Strength Index is simply a comparison of current trader positions against the range of positions over the previous 3 years. We use over 80 percent as extremely bullish and under 20 percent as extremely bearish. (Compare Strength Index scores across all markets in the data table or cot leaders table)

Speculators or Non-Commercials Notes:

Speculators, classified as non-commercial traders by the CFTC, are made up of large commodity funds, hedge funds and other significant for-profit participants. The Specs are generally regarded as trend-followers in their behavior towards price action – net speculator bets and prices tend to go in the same directions. These traders often look to buy when prices are rising and sell when prices are falling. To illustrate this point, many times speculator contracts can be found at their most extremes (bullish or bearish) when prices are also close to their highest or lowest levels.

These extreme levels can be dangerous for the large speculators as the trade is most crowded, there is less trading ammunition still sitting on the sidelines to push the trend further and prices have moved a significant distance. When the trend becomes exhausted, some speculators take profits while others look to also exit positions when prices fail to continue in the same direction. This process usually plays out over many months to years and can ultimately create a reverse effect where prices start to fall and speculators start a process of selling when prices are falling.

Here Are This Week’s Most Bullish Speculator Positions:

Brent Oil

The Brent Oil speculator trader’s futures position comes in as the most bullish extreme standing this week. The Brent speculator level is currently at a 98 percent score of its 3-year range.

The speculator position totaled -12,900 net contracts this week which was a change by -1,049 contracts from last week. The speculator long position was a total of 45,201 contracts compared to the total spec short position of 58,101 contracts.

Coffee Futures

The Coffee Futures speculator trader’s futures position comes next in the extreme standings this week. The Coffee speculator level is now at a 97 percent score of its 3-year range.

The speculator position was 66,081 net contracts this week, a change by 5,261 contracts from last week. The speculator long position was a total of 79,550 contracts versus the total speculator short position of 13,469 contracts.

New Zealand Dollar

The New Zealand Dollar speculator trader’s futures position comes in third this week in the extreme standings. The NZD speculator level resides at a 95 percent score of its 3-year range.

The speculator position was 13,965 net contracts this week which marked a change by 1,083 contracts from last week. The speculator long position was a total of 26,388 contracts versus the total speculator short position of 12,423 contracts.

2-Year Bond

The 2-Year Bond speculator trader’s futures position comes up number four in the extreme standings this week. The 2-Year speculator level is at a 91 percent score of its 3-year range.

The speculator position was -5,445 net contracts this week and changed by 11,292 contracts from last week. The speculator long position was a total of 345,245 contracts against the total spec short position of 350,690 contracts.

US Treasury Bond

The US Treasury Bond speculator trader’s futures position rounds out the top five in this week’s bullish extreme standings. The Long T-Bond speculator level sits at a 88 percent score of its 3-year range.

The speculator position was -16,368 net contracts this week which was a move of 11,704 contracts from last week. The speculator long position was a total of 144,973 contracts in comparison to the total speculator short position of 161,341 contracts.

This Week’s Most Bearish Speculator Positions:

Mexican Peso

The Mexican Peso speculator trader’s futures position comes in as the most bearish extreme standing this week. The MXN speculator level is at a 2 percent score of its 3-year range.

The speculator position was -47,655 net contracts this week, a weekly change of 752 contracts from last week. The speculator long position was a total of 69,984 contracts versus the total spec short position of 117,639 contracts.

Palladium

The Palladium speculator trader’s futures position comes in next for the most bearish extreme standing on the week. The Palladium speculator level is at a 7 percent score of its 3-year range.

The speculator position was -2,038 net contracts this week which was a change by 916 contracts from last week. The speculator long position was a total of 3,108 contracts compared to the total speculator short position of 5,146 contracts.

Japanese Yen

The Japanese Yen speculator trader’s futures position comes in as third most bearish extreme standing of the week. The JPY speculator level resides at a 10 percent score of its 3-year range.

The speculator position was -93,126 net contracts this week saw movement by 12,225 contracts from last week. The speculator long position was a total of 24,635 contracts against the total spec short position of 117,761 contracts.

Nikkei 225 Yen

The Nikkei 225 Yen (Japanese stock market) speculator trader’s futures position comes in as this week’s fourth most bearish extreme standing. The Nikkei 225 Yen speculator level is at a 11 percent score of its 3-year range.

The speculator position was -4,195 net contracts this week which was a change by -3,892 contracts on the week. The speculator long position was a total of 9,075 contracts versus the total speculator short position of 13,270 contracts.

5-Year Bond

Finally, the 5-Year Bond speculator trader’s futures position comes in as the fifth most bearish extreme standing for this week. The 5-Year speculator level is at a 20 percent score of its 3-year range.

The speculator position was -344,595 net contracts this week and changed by 62,890 contracts from last week. The speculator long position was a total of 300,750 contracts compared to the total spec short position of 645,345 contracts.

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News

20 Nov

COT Speculators drop British pound sterling bets to lowest level in 76-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 November 16th 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 the COT Currency data this week is the second straight decline in British pound sterling speculative positions. The pound sterling speculator contracts dropped sharply for the second consecutive week this week and have now fallen by a total of -46,646 contracts over just this two-week time period. These declines have pushed the overall speculative position into a bearish sentiment level of -31,599 contracts which marks the lowest standing of the past seventy-six weeks, dating back to June 2nd of 2020. The GBPUSD currency pair has been under pressure since the middle of October and fallen from around 1.3800 exchange rate to just above the 1.3435 level currently, a drop of almost 400 pips.

Data Snapshot of Forex Market Traders | Columns Legend

Nov-16-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	59,387	88	34,908	86	-40,455	7	5,547	77
EUR	705,698	86	-3,826	34	-26,985	68	30,811	25
GBP	207,099	43	-31,599	51	41,182	54	-9,583	36
JPY	252,897	91	-93,126	10	115,758	94	-22,632	1
CHF	49,320	27	-8,889	54	18,767	52	-9,878	34
CAD	148,955	30	8,709	62	-26,717	35	18,008	74
AUD	166,688	57	-61,153	27	69,858	71	-8,705	31
NZD	42,945	30	13,965	95	-15,521	6	1,556	70
MXN	170,102	33	-47,655	2	46,127	99	1,528	50
RUB	52,624	58	22,625	67	-23,936	31	1,311	70
BRL	31,767	32	-15,698	48	15,743	54	-45	66
Bitcoin	13,648	78	-1,478	69	357	0	1,121	23

US Dollar Index Futures:

The US Dollar Index large speculator standing this week was a net position of 34,908 contracts in the data reported through Tuesday. This was a weekly lowering of -540 contracts from the previous week which had a total of 35,448 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 86.0 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 77.2 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.8	3.4	12.8
– Percent of Open Interest Shorts:	22.0	71.5	3.5
– Net Position:	34,908	-40,455	5,547
– Gross Longs:	47,959	2,000	7,621
– Gross Shorts:	13,051	42,455	2,074
– Long to Short Ratio:	3.7 to 1	0.0 to 1	3.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	86.0	7.4	77.2
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.0	-2.7	-13.6

Euro Currency Futures:

The Euro Currency large speculator standing this week was a net position of -3,826 contracts in the data reported through Tuesday. This was a weekly reduction of -7,599 contracts from the previous week which had a total of 3,773 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.8 percent. The commercials are Bullish with a score of 68.1 percent and the small traders (not shown in chart) are Bearish with a score of 25.4 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.1	57.3	12.8
– Percent of Open Interest Shorts:	28.6	61.1	8.4
– Net Position:	-3,826	-26,985	30,811
– Gross Longs:	198,181	404,266	90,261
– Gross Shorts:	202,007	431,251	59,450
– Long to Short Ratio:	1.0 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	33.8	68.1	25.4
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.7	-5.2	-0.0

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week was a net position of -31,599 contracts in the data reported through Tuesday. This was a weekly lowering of -19,506 contracts from the previous week which had a total of -12,093 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.2 percent. The commercials are Bullish with a score of 54.0 percent and the small traders (not shown in chart) are Bearish with a score of 35.8 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.4	61.4	11.3
– Percent of Open Interest Shorts:	39.6	41.5	15.9
– Net Position:	-31,599	41,182	-9,583
– Gross Longs:	50,443	127,197	23,322
– Gross Shorts:	82,042	86,015	32,905
– Long to Short Ratio:	0.6 to 1	1.5 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	51.2	54.0	35.8
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.3	9.2	-8.1

Japanese Yen Futures:

The Japanese Yen large speculator standing this week was a net position of -93,126 contracts in the data reported through Tuesday. This was a weekly increase of 12,225 contracts from the previous week which had a total of -105,351 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.4 percent. The commercials are Bullish-Extreme with a score of 93.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.8 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.7	80.5	8.6
– Percent of Open Interest Shorts:	46.6	34.7	17.6
– Net Position:	-93,126	115,758	-22,632
– Gross Longs:	24,635	203,468	21,790
– Gross Shorts:	117,761	87,710	44,422
– Long to Short Ratio:	0.2 to 1	2.3 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	10.4	93.7	0.8
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.4	15.5	-4.1

Swiss Franc Futures:

The Swiss Franc large speculator standing this week was a net position of -8,889 contracts in the data reported through Tuesday. This was a weekly rise of 8,154 contracts from the previous week which had a total of -17,043 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.4 percent. The commercials are Bullish with a score of 52.0 percent and the small traders (not shown in chart) are Bearish with a score of 34.3 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.2	64.2	24.4
– Percent of Open Interest Shorts:	29.2	26.1	44.5
– Net Position:	-8,889	18,767	-9,878
– Gross Longs:	5,502	31,663	12,048
– Gross Shorts:	14,391	12,896	21,926
– Long to Short Ratio:	0.4 to 1	2.5 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	54.4	52.0	34.3
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.9	-12.2	11.8

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week was a net position of 8,709 contracts in the data reported through Tuesday. This was a weekly rise of 3,605 contracts from the previous week which had a total of 5,104 net contracts.

This 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 62.3 percent. The commercials are Bearish with a score of 34.9 percent and the small traders (not shown in chart) are Bullish with a score of 74.0 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.6	42.1	27.1
– Percent of Open Interest Shorts:	23.8	60.0	15.0
– Net Position:	8,709	-26,717	18,008
– Gross Longs:	44,147	62,689	40,389
– Gross Shorts:	35,438	89,406	22,381
– Long to Short Ratio:	1.2 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	62.3	34.9	74.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	29.6	-26.4	10.0

Australian Dollar Futures:

The Australian Dollar large speculator standing this week was a net position of -61,153 contracts in the data reported through Tuesday. This was a weekly gain of 2,271 contracts from the previous week which had a total of -63,424 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.1 percent. The commercials are Bullish with a score of 71.0 percent and the small traders (not shown in chart) are Bearish with a score of 31.2 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.5	67.2	11.8
– Percent of Open Interest Shorts:	55.1	25.3	17.1
– Net Position:	-61,153	69,858	-8,705
– Gross Longs:	30,760	112,044	19,744
– Gross Shorts:	91,913	42,186	28,449
– Long to Short Ratio:	0.3 to 1	2.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	27.1	71.0	31.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.1	-29.0	24.4

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week was a net position of 13,965 contracts in the data reported through Tuesday. This was a weekly boost of 1,083 contracts from the previous week which had a total of 12,882 net contracts.

This 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 94.7 percent. The commercials are Bearish-Extreme with a score of 6.5 percent and the small traders (not shown in chart) are Bullish with a score of 69.7 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.4	24.1	11.5
– Percent of Open Interest Shorts:	28.9	60.2	7.8
– Net Position:	13,965	-15,521	1,556
– Gross Longs:	26,388	10,349	4,923
– Gross Shorts:	12,423	25,870	3,367
– Long to Short Ratio:	2.1 to 1	0.4 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	94.7	6.5	69.7
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.9	-11.8	19.8

Mexican Peso Futures:

The Mexican Peso large speculator standing this week was a net position of -47,655 contracts in the data reported through Tuesday. This was a weekly gain of 752 contracts from the previous week which had a total of -48,407 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 1.5 percent. The commercials are Bullish-Extreme with a score of 98.8 percent and the small traders (not shown in chart) are Bearish with a score of 49.5 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.1	55.3	3.1
– Percent of Open Interest Shorts:	69.2	28.2	2.2
– Net Position:	-47,655	46,127	1,528
– Gross Longs:	69,984	94,074	5,245
– Gross Shorts:	117,639	47,947	3,717
– Long to Short Ratio:	0.6 to 1	2.0 to 1	1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	1.5	98.8	49.5
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.5	5.6	-1.5

Brazilian Real Futures:

The Brazilian Real large speculator standing this week was a net position of -15,698 contracts in the data reported through Tuesday. This was a weekly decrease of -240 contracts from the previous week which had a total of -15,458 net contracts.

This 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 Bullish with a score of 54.4 percent and the small traders (not shown in chart) are Bullish with a score of 66.3 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.7	64.6	8.0
– Percent of Open Interest Shorts:	76.1	15.0	8.2
– Net Position:	-15,698	15,743	-45
– Gross Longs:	8,468	20,507	2,545
– Gross Shorts:	24,166	4,764	2,590
– Long to Short Ratio:	0.4 to 1	4.3 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	47.6	54.4	66.3
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.9	19.3	-12.9

Russian Ruble Futures:

The Russian Ruble large speculator standing this week was a net position of 22,625 contracts in the data reported through Tuesday. This was a weekly advance of 1,922 contracts from the previous week which had a total of 20,703 net contracts.

This 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 66.9 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 70.2 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.7	37.7	4.6
– Percent of Open Interest Shorts:	14.7	83.2	2.1
– Net Position:	22,625	-23,936	1,311
– Gross Longs:	30,357	19,849	2,418
– Gross Shorts:	7,732	43,785	1,107
– Long to Short Ratio:	3.9 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	66.9	30.7	70.2
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.2	-3.3	-20.9

Bitcoin Futures:

The Bitcoin large speculator standing this week was a net position of -1,478 contracts in the data reported through Tuesday. This was a weekly reduction of -11 contracts from the previous week which had a total of -1,467 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.7 percent. The commercials are Bullish with a score of 71.4 percent and the small traders (not shown in chart) are Bearish with a score of 22.9 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	63.4	5.0	14.7
– Percent of Open Interest Shorts:	74.2	2.4	6.5
– Net Position:	-1,478	357	1,121
– Gross Longs:	8,649	678	2,008
– Gross Shorts:	10,127	321	887
– Long to Short Ratio:	0.9 to 1	2.1 to 1	2.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	68.7	71.4	22.9
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.9	-20.8	4.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Forex and Currency News investing Opinions

20 Nov

COT Bonds Speculators drop 10-Year Treasury Notes bets to lowest level in 91-weeks

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

Highlighting the COT Bonds data this week is the increase in bearishness of the 10-Year Treasury Note speculators. The 10-Year speculative positions fell by -26,809 net contracts this week and have now declined in four out of the past five weeks. Speculator net positions have experienced a huge drop of -450,183 contracts in just that 5-week period. This bearishness has dropped the current spec level to the most bearish standing since February 18th of 2020, a span of ninety-one weeks.

Looking at the overall situation in the 10-Year futures market shows that speculators (-294,141 contracts) and small traders (-304,450 contracts) currently make up the bearish side while the commercial hedgers (598,591 contracts) are very bullish and sport a strength index score of 99 percent. This means that commercial traders are right at the top of their range of bullishness over the past three years and as these traders can eventually move markets, this situation bears watching.

Data Snapshot of Bond Market Traders | Columns Legend

Nov-16-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	12,283,299	61	-1,119,283	28	1,477,223	68	-357,940	55
FedFunds	1,207,677	17	-65,206	32	74,839	69	-9,633	45
2-Year	2,016,362	9	-5,445	91	63,501	30	-58,056	0
Long T-Bond	1,232,186	54	-16,368	88	8,293	23	8,075	59
10-Year	3,972,392	62	-294,141	27	598,591	99	-304,450	8
5-Year	3,630,431	28	-344,595	20	581,981	93	-237,386	5

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week came in at a net position of -1,119,283 contracts in the data reported through Tuesday. This was a weekly fall of -147,373 contracts from the previous week which had a total of -971,910 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.3 percent. The commercials are Bullish with a score of 67.7 percent and the small traders (not shown in chart) are Bullish with a score of 55.5 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.0	66.3	4.4
– Percent of Open Interest Shorts:	21.1	54.2	7.3
– Net Position:	-1,119,283	1,477,223	-357,940
– Gross Longs:	1,477,552	8,137,706	540,741
– Gross Shorts:	2,596,835	6,660,483	898,681
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	28.3	67.7	55.5
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.0	8.6	-16.1

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week came in at a net position of -65,206 contracts in the data reported through Tuesday. This was a weekly boost of 2,743 contracts from the previous week which had a total of -67,949 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 Bearish with a score of 31.6 percent. The commercials are Bullish with a score of 69.0 percent and the small traders (not shown in chart) are Bearish with a score of 44.5 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.9	81.4	1.7
– Percent of Open Interest Shorts:	10.3	75.2	2.5
– Net Position:	-65,206	74,839	-9,633
– Gross Longs:	58,782	982,458	20,741
– Gross Shorts:	123,988	907,619	30,374
– Long to Short Ratio:	0.5 to 1	1.1 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	31.6	69.0	44.5
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.6	-1.8	4.3

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week came in at a net position of -5,445 contracts in the data reported through Tuesday. This was a weekly advance of 11,292 contracts from the previous week which had a total of -16,737 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.1 percent. The commercials are Bearish with a score of 29.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.1	73.3	6.0
– Percent of Open Interest Shorts:	17.4	70.1	8.9
– Net Position:	-5,445	63,501	-58,056
– Gross Longs:	345,245	1,477,100	121,652
– Gross Shorts:	350,690	1,413,599	179,708
– Long to Short Ratio:	1.0 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	91.1	29.6	0.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.2	1.9	-25.8

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week came in at a net position of -344,595 contracts in the data reported through Tuesday. This was a weekly lift of 62,890 contracts from the previous week which had a total of -407,485 net contracts.

This 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 19.7 percent. The commercials are Bullish-Extreme with a score of 92.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 5.5 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.3	81.1	7.2
– Percent of Open Interest Shorts:	17.8	65.1	13.7
– Net Position:	-344,595	581,981	-237,386
– Gross Longs:	300,750	2,944,901	261,002
– Gross Shorts:	645,345	2,362,920	498,388
– Long to Short Ratio:	0.5 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	19.7	92.6	5.5
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.4	4.5	-1.3

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week came in at a net position of -294,141 contracts in the data reported through Tuesday. This was a weekly decline of -26,809 contracts from the previous week which had a total of -267,332 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 26.7 percent. The commercials are Bullish-Extreme with a score of 99.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.8 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.3	76.9	7.4
– Percent of Open Interest Shorts:	19.7	61.8	15.1
– Net Position:	-294,141	598,591	-304,450
– Gross Longs:	486,980	3,053,354	293,521
– Gross Shorts:	781,121	2,454,763	597,971
– 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):	26.7	99.0	7.8
– COT Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-67.1	51.3	6.9

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week came in at a net position of 162,410 contracts in the data reported through Tuesday. This was a weekly decrease of -39,640 contracts from the previous week which had a total of 202,050 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 70.6 percent. The commercials are Bearish with a score of 45.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.0 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.1	71.6	7.0
– Percent of Open Interest Shorts:	10.1	71.4	17.3
– Net Position:	162,410	3,376	-165,786
– Gross Longs:	324,961	1,154,942	113,100
– Gross Shorts:	162,551	1,151,566	278,886
– Long to Short Ratio:	2.0 to 1	1.0 to 1	0.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	70.6	45.2	11.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.5	-25.6	6.2

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week came in at a net position of -16,368 contracts in the data reported through Tuesday. This was a weekly rise of 11,704 contracts from the previous week which had a total of -28,072 net contracts.

This 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 87.5 percent. The commercials are Bearish with a score of 22.8 percent and the small traders (not shown in chart) are Bullish with a score of 59.0 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.8	69.6	16.0
– Percent of Open Interest Shorts:	13.1	68.9	15.4
– Net Position:	-16,368	8,293	8,075
– Gross Longs:	144,973	857,612	197,253
– Gross Shorts:	161,341	849,319	189,178
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	87.5	22.8	59.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	29.6	-32.4	15.4

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week came in at a net position of -298,879 contracts in the data reported through Tuesday. This was a weekly gain of 1,903 contracts from the previous week which had a total of -300,782 net contracts.

This 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 63.3 percent. The commercials are Bullish with a score of 55.9 percent and the small traders (not shown in chart) are Bearish with a score of 36.1 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.9	80.4	12.4
– Percent of Open Interest Shorts:	29.6	57.5	11.6
– Net Position:	-298,879	287,988	10,891
– Gross Longs:	74,179	1,012,845	156,624
– Gross Shorts:	373,058	724,857	145,733
– 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):	63.3	55.9	36.1
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.0	-17.7	15.4

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Opinions

20 Nov

Silver Speculator Bets rise 5th time in 6 weeks to most bullish point since June

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

Highlighting the COT Metals data this week is the recent increase in Silver speculator positions. Bullish bets by speculators in favor of Silver rose this week for a second straight week and have now climbed for five out of the past six weeks (adding a total of 29,246 contracts to the net standing). This bullishness has pushed the overall speculative net position in Silver over the +45,000 net contract threshold and to its highest level of the past twenty-two weeks, dating back to June 15th when the net position totaled 52,064 contracts.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-16-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,057,633	18	415,785	44	-470,324	41	54,539	92
Gold	612,612	54	259,780	73	-287,539	27	27,759	48
Silver	152,404	18	45,625	68	-66,148	34	20,523	61
Copper	208,066	32	20,337	57	-30,805	38	10,468	86
Palladium	11,840	24	-2,038	7	1,976	91	62	48
Platinum	62,284	26	21,013	33	-28,225	69	7,212	63
Natural Gas	1,308,708	45	-144,620	35	98,415	62	46,205	96
Brent	199,930	39	-12,900	98	7,412	0	5,488	94
Heating Oil	380,887	26	17,029	67	-37,010	32	19,981	68
Soybeans	662,972	13	46,917	42	-4,927	65	-41,990	2
Corn	1,598,926	38	399,186	81	-340,672	23	-58,514	9
Coffee	286,343	48	66,081	97	-70,075	5	3,994	16
Sugar	906,385	21	227,389	83	-276,185	16	48,796	68
Wheat	427,786	49	36,761	78	-27,999	14	-8,762	60

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week recorded a net position of 259,780 contracts in the data reported through Tuesday. This was a weekly boost of 9,599 contracts from the previous week which had a total of 250,181 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.3 percent. The commercials are Bearish with a score of 26.5 percent and the small traders (not shown in chart) are Bearish with a score of 48.0 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	58.9	20.5	8.5
– Percent of Open Interest Shorts:	16.4	67.5	4.0
– Net Position:	259,780	-287,539	27,759
– Gross Longs:	360,529	125,758	52,054
– Gross Shorts:	100,749	413,297	24,295
– Long to Short Ratio:	3.6 to 1	0.3 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	73.3	26.5	48.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.9	-22.7	17.2

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week recorded a net position of 45,625 contracts in the data reported through Tuesday. This was a weekly rise of 8,710 contracts from the previous week which had a total of 36,915 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 67.8 percent. The commercials are Bearish with a score of 34.0 percent and the small traders (not shown in chart) are Bullish with a score of 61.0 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	48.5	26.9	20.7
– Percent of Open Interest Shorts:	18.6	70.3	7.3
– Net Position:	45,625	-66,148	20,523
– Gross Longs:	73,944	40,998	31,619
– Gross Shorts:	28,319	107,146	11,096
– Long to Short Ratio:	2.6 to 1	0.4 to 1	2.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	67.8	34.0	61.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	29.2	-37.7	55.1

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week recorded a net position of 20,337 contracts in the data reported through Tuesday. This was a weekly lowering of -2,452 contracts from the previous week which had a total of 22,789 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.0 percent. The commercials are Bearish with a score of 38.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 85.8 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.2	38.4	10.3
– Percent of Open Interest Shorts:	29.4	53.2	5.3
– Net Position:	20,337	-30,805	10,468
– Gross Longs:	81,599	79,856	21,469
– Gross Shorts:	61,262	110,661	11,001
– Long to Short Ratio:	1.3 to 1	0.7 to 1	2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	57.0	38.3	85.8
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.3	-8.2	34.5

Platinum Futures:

The Platinum Futures large speculator standing this week recorded a net position of 21,013 contracts in the data reported through Tuesday. This was a weekly boost of 3,383 contracts from the previous week which had a total of 17,630 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.7 percent. The commercials are Bullish with a score of 68.7 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.4	25.1	15.5
– Percent of Open Interest Shorts:	19.7	70.5	3.9
– Net Position:	21,013	-28,225	7,212
– Gross Longs:	33,266	15,658	9,668
– Gross Shorts:	12,253	43,883	2,456
– Long to Short Ratio:	2.7 to 1	0.4 to 1	3.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	32.7	68.7	62.7
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.4	-25.5	32.5

Palladium Futures:

The Palladium Futures large speculator standing this week recorded a net position of -2,038 contracts in the data reported through Tuesday. This was a weekly rise of 916 contracts from the previous week which had a total of -2,954 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 7.4 percent. The commercials are Bullish-Extreme with a score of 91.3 percent and the small traders (not shown in chart) are Bearish with a score of 48.3 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.3	47.8	11.8
– Percent of Open Interest Shorts:	43.5	31.1	11.3
– Net Position:	-2,038	1,976	62
– Gross Longs:	3,108	5,656	1,400
– Gross Shorts:	5,146	3,680	1,338
– Long to Short Ratio:	0.6 to 1	1.5 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	7.4	91.3	48.3
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.5	-8.1	20.1

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

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