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COT Stock Market Charts: SP500 E-Mini Speculator bets rise to most bullish level in 147 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 2nd 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting this week’s COT Stock Market data is the S&P Mini speculator’s bullish bets. Speculator net positions jumped by 29,014 contracts this week to an overall bullish standing of 125,502 contracts. This marks the highest total net position of the past one hundred and forty-seven weeks, dating back to January of 2019. The S&P Mini contracts have risen by a total of 161,344 contracts in just the past seven weeks, bringing the net position out of negative territory on September 14th to this week’s two and a half year high.

Data Snapshot of Stock Market Traders | Columns Legend

Nov-02-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,431,931	2	125,502	81	-164,121	36	38,619	34
Nikkei 225	17,113	8	-146	57	-2,393	44	2,539	59
Nasdaq-Mini	255,587	46	7,219	79	1,761	28	-8,980	24
DowJones-Mini	114,131	90	5,088	42	-8,907	51	3,819	59
VIX	353,549	43	-103,286	44	106,882	56	-3,596	43
Nikkei 225 Yen	55,756	37	1,885	27	27,661	98	-29,546	22

VIX Volatility Futures:

The VIX Volatility large speculator standing this week equaled a net position of -103,286 contracts in the data reported through Tuesday. This was a weekly lowering of -1,690 contracts from the previous week which had a total of -101,596 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 43.8 percent. The commercials are Bullish with a score of 55.8 percent and the small traders (not shown in chart) are Bearish with a score of 42.8 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.4	55.3	7.3
– Percent of Open Interest Shorts:	48.6	25.1	8.3
– Net Position:	-103,286	106,882	-3,596
– Gross Longs:	68,514	195,586	25,773
– Gross Shorts:	171,800	88,704	29,369
– Long to Short Ratio:	0.4 to 1	2.2 to 1	0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	43.8	55.8	42.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.7	14.4	7.8

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week equaled a net position of 125,502 contracts in the data reported through Tuesday. This was a weekly gain of 29,014 contracts from the previous week which had a total of 96,488 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 81.3 percent. The commercials are Bearish with a score of 36.5 percent and the small traders (not shown in chart) are Bearish with a score of 34.5 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.2	70.6	11.3
– Percent of Open Interest Shorts:	10.1	77.4	9.8
– Net Position:	125,502	-164,121	38,619
– Gross Longs:	370,716	1,717,083	275,903
– Gross Shorts:	245,214	1,881,204	237,284
– Long to Short Ratio:	1.5 to 1	0.9 to 1	1.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	81.3	36.5	34.5
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.3	-10.2	-3.9

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week equaled a net position of 5,088 contracts in the data reported through Tuesday. This was a weekly boost of 3,351 contracts from the previous week which had a total of 1,737 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.2 percent. The commercials are Bullish with a score of 51.5 percent and the small traders (not shown in chart) are Bullish with a score of 58.9 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.2	42.2	16.0
– Percent of Open Interest Shorts:	35.8	50.0	12.6
– Net Position:	5,088	-8,907	3,819
– Gross Longs:	45,902	48,200	18,221
– Gross Shorts:	40,814	57,107	14,402
– Long to Short Ratio:	1.1 to 1	0.8 to 1	1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	42.2	51.5	58.9
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.3	-23.1	-16.5

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week equaled a net position of 7,219 contracts in the data reported through Tuesday. This was a weekly lift of 10,474 contracts from the previous week which had a total of -3,255 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 79.1 percent. The commercials are Bearish with a score of 27.6 percent and the small traders (not shown in chart) are Bearish with a score of 23.8 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.0	56.6	14.1
– Percent of Open Interest Shorts:	25.2	55.9	17.6
– Net Position:	7,219	1,761	-8,980
– Gross Longs:	71,515	144,589	36,010
– Gross Shorts:	64,296	142,828	44,990
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	79.1	27.6	23.8
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.2	6.7	-19.5

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week equaled a net position of -38,171 contracts in the data reported through Tuesday. This was a weekly boost of 16,260 contracts from the previous week which had a total of -54,431 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.4 percent. The commercials are Bullish with a score of 58.8 percent and the small traders (not shown in chart) are Bullish with a score of 77.8 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.0	76.2	7.8
– Percent of Open Interest Shorts:	23.4	71.3	4.3
– Net Position:	-38,171	22,322	15,849
– Gross Longs:	68,416	347,055	35,461
– Gross Shorts:	106,587	324,733	19,612
– Long to Short Ratio:	0.6 to 1	1.1 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	34.4	58.8	77.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.3	-24.1	24.8

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week equaled a net position of -146 contracts in the data reported through Tuesday. This was a weekly advance of 116 contracts from the previous week which had a total of -262 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.1 percent. The commercials are Bearish with a score of 44.1 percent and the small traders (not shown in chart) are Bullish with a score of 59.4 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.6	55.8	27.4
– Percent of Open Interest Shorts:	17.4	69.8	12.6
– Net Position:	-146	-2,393	2,539
– Gross Longs:	2,839	9,556	4,694
– Gross Shorts:	2,985	11,949	2,155
– Long to Short Ratio:	1.0 to 1	0.8 to 1	2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	57.1	44.1	59.4
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.1	-27.3	18.9

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week equaled a net position of 4,194 contracts in the data reported through Tuesday. This was a weekly fall of -1,581 contracts from the previous week which had a total of 5,775 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 12.5 percent. The commercials are Bullish-Extreme with a score of 82.5 percent and the small traders (not shown in chart) are Bullish with a score of 57.6 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.7	90.3	2.6
– Percent of Open Interest Shorts:	5.7	92.6	1.5
– Net Position:	4,194	-8,795	4,601
– Gross Longs:	26,738	358,992	10,509
– Gross Shorts:	22,544	367,787	5,908
– Long to Short Ratio:	1.2 to 1	1.0 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	12.5	82.5	57.6
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-31.8	32.8	-7.2

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.

06 Nov

COT Speculator Extremes: Brent, Palladium lead weekly 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 2nd 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 100 percent score of its 3-year range.

The speculator position totaled -12,714 net contracts this week which was a change by 5,096 contracts from last week. The speculator long position was a total of 46,286 contracts compared to the total spec short position of 59,000 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 95 percent score of its 3-year range.

The speculator position was 64,353 net contracts this week, a change by -3,240 contracts from last week. The speculator long position was a total of 83,481 contracts versus the total speculator short position of 19,128 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 13,861 net contracts this week which marked a change by 4,955 contracts from last week. The speculator long position was a total of 27,504 contracts versus the total speculator short position of 13,643 contracts.

US Dollar Index

The US Dollar Index speculator trader’s futures position comes up number four in the extreme standings this week. The USD Index speculator level is at a 86 percent score of its 3-year range.

The speculator position was 34,982 net contracts this week and changed by 525 contracts from last week. The speculator long position was a total of 45,395 contracts against the total spec short position of 10,413 contracts.

British Pound

The British Pound speculator trader’s futures position rounds out the top five in this week’s bullish extreme standings. The GBP speculator level sits at a 85 percent score of its 3-year range.

The speculator position was 15,047 net contracts this week which was a move of 94 contracts from last week. The speculator long position was a total of 57,255 contracts in comparison to the total speculator short position of 42,208 contracts.

This Week’s Most Bearish Speculator Positions:

Palladium

The Palladium speculator trader’s futures position comes in as the most bearish extreme standing this week. The Palladium speculator level is at a 0 percent score of its 3-year range.

The speculator position was -3,391 net contracts this week, a weekly change of -437 contracts from last week. The speculator long position was a total of 2,482 contracts versus the total spec short position of 5,873 contracts.

Mexican Peso

The Mexican Peso speculator trader’s futures position comes in next for the most bearish extreme standing on the week. The MXN speculator level is at a 0 percent score of its 3-year range.

The speculator position was -51,018 net contracts this week which was a change by -7,729 contracts from last week. The speculator long position was a total of 61,553 contracts compared to the total speculator short position of 112,571 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 1 percent score of its 3-year range.

The speculator position was -107,624 net contracts this week saw movement by -588 contracts from last week. The speculator long position was a total of 20,337 contracts against the total spec short position of 127,961 contracts.

Australian Dollar

The Australian Dollar speculator trader’s futures position comes in as this week’s fourth most bearish extreme standing. The AUD speculator level is at a 14 percent score of its 3-year range.

The speculator position was -75,496 net contracts this week which was a change by -250 contracts on the week. The speculator long position was a total of 19,187 contracts versus the total speculator short position of 94,683 contracts.

Platinum

Finally, the Platinum speculator trader’s futures position comes in as the fifth most bearish extreme standing for this week. The Platinum speculator level is at a 25 percent score of its 3-year range.

The speculator position was 15,364 net contracts this week and changed by 462 contracts from last week. The speculator long position was a total of 28,870 contracts compared to the total spec short position of 13,506 contracts.

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News

06 Nov

COT Metals Charts: Palladium Speculator bets hit lowest on record

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

Highlighting this week’s COT metals data is the speculator’s bearishness in Palladium. The Palladium speculative position continues to see weakness and has fallen for eight out of the past twelve weeks. The overall position has now been in bearish territory for eleven straight weeks after dropping from bullish to bearish on August 24th. Palladium net spec positions are usually always in bullish territory with very few instances of net bearish levels in the data history. The current net position at -3,391 contracts marks the most bearish speculator level for Palladium on record, according to the CFTC data which goes back to 1986.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-02-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,121,461	29	419,293	46	-461,516	44	42,223	75
Gold	507,616	27	215,129	62	-239,877	38	24,748	40
Silver	141,394	8	33,115	55	-48,860	51	15,745	32
Copper	217,216	39	32,335	66	-41,294	31	8,959	77
Palladium	10,926	20	-3,391	0	3,574	100	-183	34
Platinum	56,508	16	15,364	25	-21,964	78	6,600	54
Natural Gas	1,267,227	35	-137,713	37	93,517	60	44,196	91
Brent	183,766	27	-12,714	100	7,688	0	5,026	79
Heating Oil	426,636	66	22,384	75	-45,844	22	23,460	80
Soybeans	620,172	3	58,756	45	-19,885	61	-38,871	7
Corn	1,506,602	22	383,109	79	-320,385	26	-62,724	7
Coffee	310,931	66	64,353	95	-69,264	6	4,911	22
Sugar	884,507	21	209,061	80	-250,849	21	41,788	60
Wheat	409,137	39	17,896	62	-11,141	30	-6,755	69

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week resulted in a net position of 215,129 contracts in the data reported through Tuesday. This was a weekly gain of 569 contracts from the previous week which had a total of 214,560 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.8 percent. The commercials are Bearish with a score of 38.0 percent and the small traders (not shown in chart) are Bearish with a score of 40.2 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.3	19.8	9.0
– Percent of Open Interest Shorts:	18.9	67.1	4.2
– Net Position:	215,129	-239,877	24,748
– Gross Longs:	311,091	100,692	45,936
– Gross Shorts:	95,962	340,569	21,188
– Long to Short Ratio:	3.2 to 1	0.3 to 1	2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	61.8	38.0	40.2
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.6	-7.1	-0.6

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week resulted in a net position of 33,115 contracts in the data reported through Tuesday. This was a weekly lowering of -4,417 contracts from the previous week which had a total of 37,532 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.4 percent. The commercials are Bullish with a score of 51.0 percent and the small traders (not shown in chart) are Bearish with a score of 32.1 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	45.6	29.3	19.2
– Percent of Open Interest Shorts:	22.2	63.9	8.0
– Net Position:	33,115	-48,860	15,745
– Gross Longs:	64,502	41,473	27,091
– Gross Shorts:	31,387	90,333	11,346
– Long to Short Ratio:	2.1 to 1	0.5 to 1	2.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	55.4	51.0	32.1
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.4	-20.4	20.1

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week resulted in a net position of 32,335 contracts in the data reported through Tuesday. This was a weekly decrease of -4,944 contracts from the previous week which had a total of 37,279 net contracts.

This 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 65.7 percent. The commercials are Bearish with a score of 31.1 percent and the small traders (not shown in chart) are Bullish with a score of 77.1 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.8	37.5	9.2
– Percent of Open Interest Shorts:	25.9	56.5	5.0
– Net Position:	32,335	-41,294	8,959
– Gross Longs:	88,632	81,457	19,927
– Gross Shorts:	56,297	122,751	10,968
– Long to Short Ratio:	1.6 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	65.7	31.1	77.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.4	-11.6	21.7

Platinum Futures:

The Platinum Futures large speculator standing this week resulted in a net position of 15,364 contracts in the data reported through Tuesday. This was a weekly rise of 462 contracts from the previous week which had a total of 14,902 net contracts.

This 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 24.5 percent. The commercials are Bullish with a score of 77.6 percent and the small traders (not shown in chart) are Bullish with a score of 54.1 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	51.1	28.9	16.3
– Percent of Open Interest Shorts:	23.9	67.7	4.6
– Net Position:	15,364	-21,964	6,600
– Gross Longs:	28,870	16,314	9,196
– Gross Shorts:	13,506	38,278	2,596
– Long to Short Ratio:	2.1 to 1	0.4 to 1	3.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	24.5	77.6	54.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.4	-21.4	11.5

Palladium Futures:

The Palladium Futures large speculator standing this week resulted in a net position of -3,391 contracts in the data reported through Tuesday. This was a weekly decrease of -437 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 0.0 percent. The commercials are Bullish-Extreme with a score of 99.8 percent and the small traders (not shown in chart) are Bearish with a score of 33.9 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.7	54.7	11.8
– Percent of Open Interest Shorts:	53.8	22.0	13.5
– Net Position:	-3,391	3,574	-183
– Gross Longs:	2,482	5,978	1,287
– Gross Shorts:	5,873	2,404	1,470
– Long to Short Ratio:	0.4 to 1	2.5 to 1	0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.0	99.8	33.9
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.7	2.8	8.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

06 Nov

COT Energy Charts: Brent Crude Oil Speculator bets climb to 3-Year High

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

Highlighting this week’s COT Energy data is once again the Brent Oil (Last Day) contracts which have reached their best speculator position in the past one-hundred and fifty-nine weeks, dating back to October 23rd of 2018. The Brent speculative position has climbed higher for five straight weeks and for eight out the past nine weeks as well. The speculative position for Brent have continually remained in a bearish overall standing since 2013 but have been trending closer to a neutral zone lately. The strength index score (the speculative level compared to the past 3-years and used to show extremes) has risen to a score of 100 percent, showing that speculator bets are 3-year high.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-02-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,121,461	29	419,293	46	-461,516	44	42,223	75
Gold	507,616	27	215,129	62	-239,877	38	24,748	40
Silver	141,394	8	33,115	55	-48,860	51	15,745	32
Copper	217,216	39	32,335	66	-41,294	31	8,959	77
Palladium	10,926	20	-3,391	0	3,574	100	-183	34
Platinum	56,508	16	15,364	25	-21,964	78	6,600	54
Natural Gas	1,267,227	35	-137,713	37	93,517	60	44,196	91
Brent	183,766	27	-12,714	100	7,688	0	5,026	79
Heating Oil	426,636	66	22,384	75	-45,844	22	23,460	80
Soybeans	620,172	3	58,756	45	-19,885	61	-38,871	7
Corn	1,506,602	22	383,109	79	-320,385	26	-62,724	7
Coffee	310,931	66	64,353	95	-69,264	6	4,911	22
Sugar	884,507	21	209,061	80	-250,849	21	41,788	60
Wheat	409,137	39	17,896	62	-11,141	30	-6,755	69

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week resulted in a net position of 419,293 contracts in the data reported through Tuesday. This was a weekly reduction of -4,425 contracts from the previous week which had a total of 423,718 net contracts.

This 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 45.5 percent. The commercials are Bearish with a score of 44.1 percent and the small traders (not shown in chart) are Bullish with a score of 74.5 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.9	33.2	4.5
– Percent of Open Interest Shorts:	6.1	55.0	2.5
– Net Position:	419,293	-461,516	42,223
– Gross Longs:	548,631	705,007	94,536
– Gross Shorts:	129,338	1,166,523	52,313
– Long to Short Ratio:	4.2 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	45.5	44.1	74.5
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.3	-19.6	2.9

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week resulted in a net position of -12,714 contracts in the data reported through Tuesday. This was a weekly advance of 5,096 contracts from the previous week which had a total of -17,810 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bullish with a score of 79.5 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	39.6	4.7
– Percent of Open Interest Shorts:	32.1	35.4	2.0
– Net Position:	-12,714	7,688	5,026
– Gross Longs:	46,286	72,705	8,677
– Gross Shorts:	59,000	65,017	3,651
– Long to Short Ratio:	0.8 to 1	1.1 to 1	2.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	100.0	0.0	79.5
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	36.5	-39.8	25.8

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week resulted in a net position of -137,713 contracts in the data reported through Tuesday. This was a weekly boost of 475 contracts from the previous week which had a total of -138,188 net contracts.

This 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 37.2 percent. The commercials are Bullish with a score of 60.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 90.9 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.9	44.6	5.3
– Percent of Open Interest Shorts:	30.8	37.2	1.8
– Net Position:	-137,713	93,517	44,196
– Gross Longs:	252,244	565,097	66,820
– Gross Shorts:	389,957	471,580	22,624
– Long to Short Ratio:	0.6 to 1	1.2 to 1	3.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	37.2	60.3	90.9
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.8	-2.1	10.2

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week resulted in a net position of 49,697 contracts in the data reported through Tuesday. This was a weekly decrease of -1,348 contracts from the previous week which had a total of 51,045 net contracts.

This 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 20.7 percent. The commercials are Bullish with a score of 78.7 percent and the small traders (not shown in chart) are Bullish with a score of 62.9 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.2	42.1	6.6
– Percent of Open Interest Shorts:	19.0	61.2	3.8
– Net Position:	49,697	-58,294	8,597
– Gross Longs:	107,573	128,541	20,227
– Gross Shorts:	57,876	186,835	11,630
– Long to Short Ratio:	1.9 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	20.7	78.7	62.9
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.2	-13.4	2.0

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week resulted in a net position of 22,384 contracts in the data reported through Tuesday. This was a weekly lowering of -3,407 contracts from the previous week which had a total of 25,791 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.4 percent. The commercials are Bearish with a score of 22.4 percent and the small traders (not shown in chart) are Bullish with a score of 79.6 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.6	52.2	11.2
– Percent of Open Interest Shorts:	9.3	62.9	5.7
– Net Position:	22,384	-45,844	23,460
– Gross Longs:	62,233	222,565	47,794
– Gross Shorts:	39,849	268,409	24,334
– Long to Short Ratio:	1.6 to 1	0.8 to 1	2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	75.4	22.4	79.6
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.9	14.1	1.0

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week resulted in a net position of -14,146 contracts in the data reported through Tuesday. This was a weekly advance of 1,028 contracts from the previous week which had a total of -15,174 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.2 percent. The commercials are Bullish with a score of 70.1 percent and the small traders (not shown in chart) are Bullish with a score of 53.1 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.5	40.0	1.9
– Percent of Open Interest Shorts:	90.0	5.2	0.2
– Net Position:	-14,146	13,490	656
– Gross Longs:	20,704	15,506	746
– Gross Shorts:	34,850	2,016	90
– Long to Short Ratio:	0.6 to 1	7.7 to 1	8.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	29.2	70.1	53.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.7	16.2	12.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

06 Nov

COT Soft Commodities Charts: Corn Speculator bets jump by most in a year

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

Highlighting this week’s COT Soft Commodity data is once again the rise in speculator positioning for Corn. The speculator bets for Corn jumped by over +75,000 contracts this week following a gain of over +30,000 contracts last week. This marked the largest one-week increase in net positions in a year (November 3rd 2020). Corn is now at the most bullish net speculator level of the past nineteen weeks, dating back to June 22nd.

Data Snapshot of Commodity Market Traders | Columns Legend

Nov-02-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,121,461	29	419,293	46	-461,516	44	42,223	75
Gold	507,616	27	215,129	62	-239,877	38	24,748	40
Silver	141,394	8	33,115	55	-48,860	51	15,745	32
Copper	217,216	39	32,335	66	-41,294	31	8,959	77
Palladium	10,926	20	-3,391	0	3,574	100	-183	34
Platinum	56,508	16	15,364	25	-21,964	78	6,600	54
Natural Gas	1,267,227	35	-137,713	37	93,517	60	44,196	91
Brent	183,766	27	-12,714	100	7,688	0	5,026	79
Heating Oil	426,636	66	22,384	75	-45,844	22	23,460	80
Soybeans	620,172	3	58,756	45	-19,885	61	-38,871	7
Corn	1,506,602	22	383,109	79	-320,385	26	-62,724	7
Coffee	310,931	66	64,353	95	-69,264	6	4,911	22
Sugar	884,507	21	209,061	80	-250,849	21	41,788	60
Wheat	409,137	39	17,896	62	-11,141	30	-6,755	69

CORN Futures:

The CORN large speculator standing this week resulted in a net position of 383,109 contracts in the data reported through Tuesday. This was a weekly increase of 75,299 contracts from the previous week which had a total of 307,810 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 79.0 percent. The commercials are Bearish with a score of 26.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.0 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.0	45.2	8.7
– Percent of Open Interest Shorts:	6.6	66.5	12.9
– Net Position:	383,109	-320,385	-62,724
– Gross Longs:	482,734	681,554	131,645
– Gross Shorts:	99,625	1,001,939	194,369
– 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):	79.0	26.3	7.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.0	-17.3	2.2

SUGAR Futures:

The SUGAR large speculator standing this week resulted in a net position of 209,061 contracts in the data reported through Tuesday. This was a weekly gain of 10,454 contracts from the previous week which had a total of 198,607 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 79.6 percent. The commercials are Bearish with a score of 20.6 percent and the small traders (not shown in chart) are Bullish with a score of 59.5 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.3	44.4	10.4
– Percent of Open Interest Shorts:	6.7	72.8	5.7
– Net Position:	209,061	-250,849	41,788
– Gross Longs:	268,307	392,717	92,164
– Gross Shorts:	59,246	643,566	50,376
– Long to Short Ratio:	4.5 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	79.6	20.6	59.5
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.3	7.5	1.1

COFFEE Futures:

The COFFEE large speculator standing this week resulted in a net position of 64,353 contracts in the data reported through Tuesday. This was a weekly lowering of -3,240 contracts from the previous week which had a total of 67,593 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 95.3 percent. The commercials are Bearish-Extreme with a score of 5.5 percent and the small traders (not shown in chart) are Bearish with a score of 22.3 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	41.6	3.8
– Percent of Open Interest Shorts:	6.2	63.9	2.2
– Net Position:	64,353	-69,264	4,911
– Gross Longs:	83,481	129,468	11,776
– Gross Shorts:	19,128	198,732	6,865
– Long to Short Ratio:	4.4 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	95.3	5.5	22.3
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.1	-4.3	8.2

SOYBEANS Futures:

The SOYBEANS large speculator standing this week resulted in a net position of 58,756 contracts in the data reported through Tuesday. This was a weekly advance of 15,526 contracts from the previous week which had a total of 43,230 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.9 percent. The commercials are Bullish with a score of 61.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.2 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.9	57.7	7.0
– Percent of Open Interest Shorts:	12.4	60.9	13.3
– Net Position:	58,756	-19,885	-38,871
– Gross Longs:	135,938	357,948	43,540
– Gross Shorts:	77,182	377,833	82,411
– Long to Short Ratio:	1.8 to 1	0.9 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	44.9	61.1	7.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.6	4.6	-28.6

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week resulted in a net position of 91,131 contracts in the data reported through Tuesday. This was a weekly increase of 405 contracts from the previous week which had a total of 90,726 net contracts.

This 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 73.0 percent. The commercials are Bearish with a score of 28.0 percent and the small traders (not shown in chart) are Bullish with a score of 59.9 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.7	47.1	8.0
– Percent of Open Interest Shorts:	7.3	71.4	5.1
– Net Position:	91,131	-103,585	12,454
– Gross Longs:	122,221	200,754	34,050
– Gross Shorts:	31,090	304,339	21,596
– Long to Short Ratio:	3.9 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	73.0	28.0	59.9
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	27.3	-30.5	38.5

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week resulted in a net position of 30,771 contracts in the data reported through Tuesday. This was a weekly boost of 7,352 contracts from the previous week which had a total of 23,419 net contracts.

This 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 50.7 percent and the small traders (not shown in chart) are Bullish with a score of 68.1 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.5	46.4	12.3
– Percent of Open Interest Shorts:	14.6	58.7	6.9
– Net Position:	30,771	-55,091	24,320
– Gross Longs:	96,255	207,316	55,086
– Gross Shorts:	65,484	262,407	30,766
– Long to Short Ratio:	1.5 to 1	0.8 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	46.8	50.7	68.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.9	-12.8	23.1

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week resulted in a net position of 41,894 contracts in the data reported through Tuesday. This was a weekly fall of -3,084 contracts from the previous week which had a total of 44,978 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 17.1 percent. The commercials are Bullish with a score of 77.7 percent and the small traders (not shown in chart) are Bullish with a score of 74.5 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.4	40.0	10.1
– Percent of Open Interest Shorts:	17.3	52.3	11.8
– Net Position:	41,894	-36,717	-5,177
– Gross Longs:	93,191	118,526	29,946
– Gross Shorts:	51,297	155,243	35,123
– Long to Short Ratio:	1.8 to 1	0.8 to 1	0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	17.1	77.7	74.5
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.8	0.2	6.0

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week resulted in a net position of 45,965 contracts in the data reported through Tuesday. This was a weekly fall of -8,092 contracts from the previous week which had a total of 54,057 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.4 percent. The commercials are Bullish with a score of 50.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.5 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.7	33.7	7.9
– Percent of Open Interest Shorts:	18.0	47.3	14.0
– Net Position:	45,965	-31,775	-14,190
– Gross Longs:	87,929	78,627	18,449
– Gross Shorts:	41,964	110,402	32,639
– Long to Short Ratio:	2.1 to 1	0.7 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	58.4	50.0	14.5
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.1	15.7	-2.2

COTTON Futures:

The COTTON large speculator standing this week resulted in a net position of 103,553 contracts in the data reported through Tuesday. This was a weekly boost of 1,484 contracts from the previous week which had a total of 102,069 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 88.7 percent. The commercials are Bearish-Extreme with a score of 9.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 96.3 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.3	37.1	7.7
– Percent of Open Interest Shorts:	3.9	78.1	3.1
– Net Position:	103,553	-116,804	13,251
– Gross Longs:	114,770	105,723	22,064
– Gross Shorts:	11,217	222,527	8,813
– Long to Short Ratio:	10.2 to 1	0.5 to 1	2.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	88.7	9.7	96.3
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.4	-9.2	44.3

COCOA Futures:

The COCOA large speculator standing this week resulted in a net position of 16,074 contracts in the data reported through Tuesday. This was a weekly fall of -3,124 contracts from the previous week which had a total of 19,198 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.0 percent. The commercials are Bullish with a score of 60.9 percent and the small traders (not shown in chart) are Bullish with a score of 54.6 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.4	52.8	4.7
– Percent of Open Interest Shorts:	18.0	60.7	3.1
– Net Position:	16,074	-20,130	4,056
– Gross Longs:	61,609	133,483	11,792
– Gross Shorts:	45,535	153,613	7,736
– Long to Short Ratio:	1.4 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	38.0	60.9	54.6
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.5	6.7	21.3

WHEAT Futures:

The WHEAT large speculator standing this week resulted in a net position of 17,896 contracts in the data reported through Tuesday. This was a weekly lift of 17,133 contracts from the previous week which had a total of 763 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.3 percent. The commercials are Bearish with a score of 30.0 percent and the small traders (not shown in chart) are Bullish with a score of 69.3 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	34.7	8.9
– Percent of Open Interest Shorts:	22.5	37.4	10.5
– Net Position:	17,896	-11,141	-6,755
– Gross Longs:	109,768	141,984	36,283
– Gross Shorts:	91,872	153,125	43,038
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	62.3	30.0	69.3
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.7	-20.2	22.6

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

30 Oct

COT Currency Charts: Speculators raise British pound sterling bets to highest level since July

By InvestMacro.com COT Home | Data Tables | Data Downloads | Newsletter

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 October 26th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All the currencies are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting this week’s COT Currency data is the speculator’s British pound sterling bullish bets which have ascended to their highest level since July. Speculator net positions increased for a third consecutive week (total of +34,971 contracts) this week and jumped by over +13,000 contracts for a second straight week.

Net positioning had been bearish over the preceding thirteen weeks, falling by a total of -79,176 contracts over that period and declining for nine out of those thirteen weeks. Speculator bearish bets hit a 58-week bearish low-point on September 7th before turning sharply higher (+29,314 contracts) the next week on September 14th.

The recent increases in speculator sentiment has pushed the GBP net contracts to over a three-month high, dating back to July 6th when net positions totaled 21,903 contracts.

Data Snapshot of Forex Market Traders | Columns Legend

Oct-26-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	58,993	87	34,457	85	-41,942	5	7,485	98
EUR	680,374	76	-11,256	32	-16,255	71	27,511	24
GBP	156,495	11	14,953	85	-13,660	22	-1,293	53
JPY	265,254	99	-107,036	2	128,546	100	-21,510	6
CHF	54,305	34	-19,379	36	32,362	67	-12,983	25
CAD	159,475	37	3,320	58	-26,629	35	23,309	82
AUD	160,011	52	-75,246	14	76,399	76	-1,153	50
NZD	43,061	30	8,906	86	-11,474	13	2,568	81
MXN	162,542	30	-43,289	0	40,166	100	3,123	56
RUB	53,374	59	21,462	64	-23,728	31	2,266	96
BRL	46,073	55	-942	67	463	34	479	73
Bitcoin	16,671	100	-4,412	0	583	0	3,829	100

US Dollar Index Futures:

The US Dollar Index large speculator standing this week totaled a net position of 34,457 contracts in the data reported through Tuesday. This was a weekly decline of -1,477 contracts from the previous week which had a total of 35,934 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.2 percent. The commercials are Bearish-Extreme with a score of 4.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 98.4 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	76.6	3.7	15.6
– Percent of Open Interest Shorts:	18.2	74.8	2.9
– Net Position:	34,457	-41,942	7,485
– Gross Longs:	45,189	2,157	9,212
– Gross Shorts:	10,732	44,099	1,727
– Long to Short Ratio:	4.2 to 1	0.0 to 1	5.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	85.2	4.9	98.4
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.6	-20.2	21.7

Euro Currency Futures:

The Euro Currency large speculator standing this week totaled a net position of -11,256 contracts in the data reported through Tuesday. This was a weekly increase of 851 contracts from the previous week which had a total of -12,107 net contracts.

This 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 31.5 percent. The commercials are Bullish with a score of 71.1 percent and the small traders (not shown in chart) are Bearish with a score of 23.5 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.9	57.0	12.7
– Percent of Open Interest Shorts:	30.6	59.4	8.7
– Net Position:	-11,256	-16,255	27,511
– Gross Longs:	196,880	387,905	86,683
– Gross Shorts:	208,136	404,160	59,172
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	31.5	71.1	23.5
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.0	14.1	-17.3

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week totaled a net position of 14,953 contracts in the data reported through Tuesday. This was a weekly gain of 13,338 contracts from the previous week which had a total of 1,615 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 84.8 percent. The commercials are Bearish with a score of 21.6 percent and the small traders (not shown in chart) are Bullish with a score of 53.0 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.2	47.7	17.5
– Percent of Open Interest Shorts:	23.6	56.5	18.4
– Net Position:	14,953	-13,660	-1,293
– Gross Longs:	51,912	74,688	27,446
– Gross Shorts:	36,959	88,348	28,739
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	84.8	21.6	53.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.3	-0.3	-19.9

Japanese Yen Futures:

The Japanese Yen large speculator standing this week totaled a net position of -107,036 contracts in the data reported through Tuesday. This was a weekly decline of -4,302 contracts from the previous week which had a total of -102,734 net contracts.

This 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 1.7 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 5.9 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.9	80.0	7.3
– Percent of Open Interest Shorts:	52.2	31.6	15.4
– Net Position:	-107,036	128,546	-21,510
– Gross Longs:	31,487	212,303	19,254
– Gross Shorts:	138,523	83,757	40,764
– Long to Short Ratio:	0.2 to 1	2.5 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	1.7	100.0	5.9
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-29.2	30.0	-29.1

Swiss Franc Futures:

The Swiss Franc large speculator standing this week totaled a net position of -19,379 contracts in the data reported through Tuesday. This was a weekly fall of -1,795 contracts from the previous week which had a total of -17,584 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 36.1 percent. The commercials are Bullish with a score of 67.3 percent and the small traders (not shown in chart) are Bearish with a score of 25.2 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	2.3	79.8	17.2
– Percent of Open Interest Shorts:	38.0	20.2	41.1
– Net Position:	-19,379	32,362	-12,983
– Gross Longs:	1,246	43,355	9,360
– Gross Shorts:	20,625	10,993	22,343
– Long to Short Ratio:	0.1 to 1	3.9 to 1	0.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	36.1	67.3	25.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-23.6	16.7	-3.8

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week totaled a net position of 3,320 contracts in the data reported through Tuesday. This was a weekly boost of 14,244 contracts from the previous week which had a total of -10,924 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.8 percent. The commercials are Bearish with a score of 35.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 82.0 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.8	43.8	26.4
– Percent of Open Interest Shorts:	26.7	60.5	11.8
– Net Position:	3,320	-26,629	23,309
– Gross Longs:	45,977	69,913	42,129
– Gross Shorts:	42,657	96,542	18,820
– Long to Short Ratio:	1.1 to 1	0.7 to 1	2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	57.8	35.0	82.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.5	-17.6	23.3

Australian Dollar Futures:

The Australian Dollar large speculator standing this week totaled a net position of -75,246 contracts in the data reported through Tuesday. This was a weekly increase of 812 contracts from the previous week which had a total of -76,058 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 13.9 percent. The commercials are Bullish with a score of 75.9 percent and the small traders (not shown in chart) are Bearish with a score of 49.6 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.9	73.5	14.0
– Percent of Open Interest Shorts:	57.9	25.8	14.7
– Net Position:	-75,246	76,399	-1,153
– Gross Longs:	17,448	117,662	22,432
– Gross Shorts:	92,694	41,263	23,585
– Long to Short Ratio:	0.2 to 1	2.9 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	13.9	75.9	49.6
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.7	-14.7	28.0

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week totaled a net position of 8,906 contracts in the data reported through Tuesday. This was a weekly rise of 2,466 contracts from the previous week which had a total of 6,440 net contracts.

This 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 86.2 percent. The commercials are Bearish-Extreme with a score of 12.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.2 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	56.9	26.3	13.5
– Percent of Open Interest Shorts:	36.2	52.9	7.5
– Net Position:	8,906	-11,474	2,568
– Gross Longs:	24,490	11,307	5,819
– Gross Shorts:	15,584	22,781	3,251
– Long to Short Ratio:	1.6 to 1	0.5 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	86.2	12.7	81.2
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.5	-4.2	0.2

Mexican Peso Futures:

The Mexican Peso large speculator standing this week totaled a net position of -43,289 contracts in the data reported through Tuesday. This was a weekly reduction of -4,718 contracts from the previous week which had a total of -38,571 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bullish with a score of 56.3 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.2	55.9	4.2
– Percent of Open Interest Shorts:	65.8	31.2	2.2
– Net Position:	-43,289	40,166	3,123
– Gross Longs:	63,677	90,904	6,749
– Gross Shorts:	106,966	50,738	3,626
– Long to Short Ratio:	0.6 to 1	1.8 to 1	1.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.0	100.0	56.3
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.8	13.5	-7.0

Brazilian Real Futures:

The Brazilian Real large speculator standing this week totaled a net position of -942 contracts in the data reported through Tuesday. This was a weekly reduction of -284 contracts from the previous week which had a total of -658 net contracts.

This 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 67.4 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 72.6 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.1	45.9	7.6
– Percent of Open Interest Shorts:	46.2	44.9	6.5
– Net Position:	-942	463	479
– Gross Longs:	20,337	21,128	3,486
– Gross Shorts:	21,279	20,665	3,007
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	67.4	34.0	72.6
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.6	11.7	-10.6

Russian Ruble Futures:

The Russian Ruble large speculator standing this week totaled a net position of 21,462 contracts in the data reported through Tuesday. This was a weekly reduction of -709 contracts from the previous week which had a total of 22,171 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 64.2 percent. The commercials are Bearish with a score of 31.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 96.1 percent.

RUSSIAN RUBLE Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.5	36.5	6.0
– Percent of Open Interest Shorts:	17.3	80.9	1.8
– Net Position:	21,462	-23,728	2,266
– Gross Longs:	30,708	19,461	3,205
– Gross Shorts:	9,246	43,189	939
– Long to Short Ratio:	3.3 to 1	0.5 to 1	3.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	64.2	31.2	96.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.9	-3.6	9.2

Bitcoin Futures:

The Bitcoin large speculator standing this week totaled a net position of -4,412 contracts in the data reported through Tuesday. This was a weekly fall of -1,566 contracts from the previous week which had a total of -2,846 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 95.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.7	5.8	28.9
– Percent of Open Interest Shorts:	69.2	2.3	5.9
– Net Position:	-4,412	583	3,829
– Gross Longs:	7,121	972	4,810
– Gross Shorts:	11,533	389	981
– Long to Short Ratio:	0.6 to 1	2.5 to 1	4.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.0	95.3	100.0
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-75.5	52.4	77.6

Article By InvestMacro.com – Receive our weekly COT Reports by Email

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

CountingPips Forex Blog Forex and Currency News Opinions

30 Oct

COT Bonds Futures Charts: 5-Year Treasury Bond Speculator bets fall to 46-Week Low

By InvestMacro.com COT Home | Data Tables | Data Downloads | Newsletter

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

Highlighting this week’s COT Bonds data is the 5-Year Treasury Bond’s speculator positions that fell to a forty-six week low-point. The 5-year bond speculative position declined by over -86,000 contracts this week and fell for the fifth time in the past six weeks. The spec position has now fallen by a total -317,109 contracts over the past six weeks. The current net bearish standing sits at a total of -341,475 contracts for the 5-year bond speculators which registers as the most bearish level since December 8th of 2020 when net positions totaled -342,024 contracts.

Data Snapshot of Bond Market Traders | Columns Legend

Oct-26-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	12,675,714	68	-724,993	36	1,046,056	59	-321,063	61
FedFunds	1,293,093	23	-44,591	34	54,410	66	-9,819	44
2-Year	2,029,079	10	-112,318	67	154,788	47	-42,470	1
Long T-Bond	1,173,180	44	-66,994	69	87,013	48	-20,019	37
10-Year	4,000,227	64	-114,845	59	441,515	75	-326,670	2
5-Year	3,586,544	25	-341,475	34	579,881	91	-238,406	5

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week recorded a net position of -724,993 contracts in the data reported through Tuesday. This was a weekly rise of 56,207 contracts from the previous week which had a total of -781,200 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 36.4 percent. The commercials are Bullish with a score of 58.9 percent and the small traders (not shown in chart) are Bullish with a score of 61.2 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.5	63.7	4.3
– Percent of Open Interest Shorts:	19.2	55.5	6.9
– Net Position:	-724,993	1,046,056	-321,063
– Gross Longs:	1,711,694	8,076,945	551,131
– Gross Shorts:	2,436,687	7,030,889	872,194
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	36.4	58.9	61.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.4	5.3	-23.8

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week recorded a net position of -44,591 contracts in the data reported through Tuesday. This was a weekly rise of 9,893 contracts from the previous week which had a total of -54,484 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.1 percent. The commercials are Bullish with a score of 66.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.1 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.6	78.6	1.4
– Percent of Open Interest Shorts:	9.1	74.4	2.1
– Net Position:	-44,591	54,410	-9,819
– Gross Longs:	72,575	1,016,206	17,945
– Gross Shorts:	117,166	961,796	27,764
– Long to Short Ratio:	0.6 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	34.1	66.5	44.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.2	-3.6	-8.1

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week recorded a net position of -112,318 contracts in the data reported through Tuesday. This was a weekly rise of 20,634 contracts from the previous week which had a total of -132,952 net contracts.

This 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 67.5 percent. The commercials are Bearish with a score of 47.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.5 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.3	73.8	6.8
– Percent of Open Interest Shorts:	21.8	66.2	8.9
– Net Position:	-112,318	154,788	-42,470
– Gross Longs:	330,130	1,497,320	138,359
– Gross Shorts:	442,448	1,342,532	180,829
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	67.5	47.2	0.5
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-19.4	28.2	-35.2

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week recorded a net position of -341,475 contracts in the data reported through Tuesday. This was a weekly decrease of -86,264 contracts from the previous week which had a total of -255,211 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.4 percent. The commercials are Bullish-Extreme with a score of 90.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 5.2 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.0	79.3	7.1
– Percent of Open Interest Shorts:	19.5	63.1	13.8
– Net Position:	-341,475	579,881	-238,406
– Gross Longs:	359,180	2,844,217	255,899
– Gross Shorts:	700,655	2,264,336	494,305
– Long to Short Ratio:	0.5 to 1	1.3 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	34.4	90.7	5.2
– COT Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-47.6	55.7	-32.7

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week recorded a net position of -114,845 contracts in the data reported through Tuesday. This was a weekly decrease of -114,301 contracts from the previous week which had a total of -544 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.9 percent. The commercials are Bullish with a score of 74.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 1.7 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.5	73.4	7.2
– Percent of Open Interest Shorts:	19.4	62.4	15.4
– Net Position:	-114,845	441,515	-326,670
– Gross Longs:	660,004	2,937,167	287,429
– Gross Shorts:	774,849	2,495,652	614,099
– Long to Short Ratio:	0.9 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	58.9	74.9	1.7
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-33.9	41.9	-24.8

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week recorded a net position of 156,754 contracts in the data reported through Tuesday. This was a weekly boost of 17,195 contracts from the previous week which had a total of 139,559 net contracts.

This 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 Bearish with a score of 49.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 2.6 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.0	72.6	7.0
– Percent of Open Interest Shorts:	9.8	71.4	18.4
– Net Position:	156,754	19,632	-176,386
– Gross Longs:	306,662	1,116,413	106,942
– Gross Shorts:	149,908	1,096,781	283,328
– 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):	69.1	49.8	2.6
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.8	-15.1	-6.4

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week recorded a net position of -66,994 contracts in the data reported through Tuesday. This was a weekly decrease of -9,423 contracts from the previous week which had a total of -57,571 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.3 percent. The commercials are Bearish with a score of 47.9 percent and the small traders (not shown in chart) are Bearish with a score of 36.7 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.8	75.7	13.9
– Percent of Open Interest Shorts:	14.5	68.2	15.6
– Net Position:	-66,994	87,013	-20,019
– Gross Longs:	103,650	887,603	163,344
– Gross Shorts:	170,644	800,590	183,363
– Long to Short Ratio:	0.6 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	69.3	47.9	36.7
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.3	12.9	-27.1

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week recorded a net position of -331,213 contracts in the data reported through Tuesday. This was a weekly reduction of -19,436 contracts from the previous week which had a total of -311,777 net contracts.

This 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 74.2 percent and the small traders (not shown in chart) are Bearish with a score of 32.5 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.6	82.7	12.6
– Percent of Open Interest Shorts:	30.8	56.0	12.1
– Net Position:	-331,213	325,324	5,889
– Gross Longs:	44,062	1,007,205	153,271
– Gross Shorts:	375,275	681,881	147,382
– Long to Short Ratio:	0.1 to 1	1.5 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	50.1	74.2	32.5
– COT Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.0	23.8	-13.7

Article By InvestMacro – Receive our weekly COT Reports by Email

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Bonds CountingPips Forex Blog Opinions

30 Oct

COT Metals Charts: Gold Speculator bullish bets jump to 8-Week High

By InvestMacro.com COT Home | Data Tables | Data Downloads | Newsletter

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

Highlighting this week’s COT metals data is the speculator’s bullishness in gold. The gold speculative position jumped by over +21,000 contracts this week which marked the biggest one-week jump of the past ten weeks. This brought the overall bullish position back above the +200,000 net contract level for the first time in six weeks and to the second highest bullish standing since May 25th. Gold positions have now been in a continuous bullish position all the way back to November 13th of 2018 when positions dipped to a total of -9,247 contracts.

Data Snapshot of Commodity Market Traders | Columns Legend

Oct-26-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,144,359	33	423,718	47	-472,412	41	48,694	84
Gold	509,794	28	214,560	62	-239,654	38	25,094	41
Silver	141,581	8	37,532	60	-51,504	48	13,972	21
Copper	222,927	43	37,279	69	-45,870	28	8,591	75
Palladium	10,205	17	-2,954	2	2,962	97	-8	44
Platinum	58,161	19	14,902	24	-21,280	79	6,378	51
Natural Gas	1,295,271	42	-138,188	37	96,361	61	41,827	85
Brent	200,768	40	-17,810	98	12,648	1	5,162	81
Heating Oil	423,143	63	25,791	80	-49,635	18	23,844	81
Soybeans	658,960	12	43,230	41	-10,177	63	-33,053	17
Corn	1,438,930	11	307,810	69	-252,059	36	-55,751	11
Coffee	307,195	64	67,593	98	-71,916	3	4,323	18
Sugar	874,742	21	198,607	77	-244,341	22	45,734	64
Wheat	405,625	33	763	48	8,753	49	-9,516	56

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week reached a net position of 214,560 contracts in the data reported through Tuesday. This was a weekly gain of 21,211 contracts from the previous week which had a total of 193,349 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.7 percent. The commercials are Bearish with a score of 38.0 percent and the small traders (not shown in chart) are Bearish with a score of 41.1 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.5	20.3	9.4
– Percent of Open Interest Shorts:	19.4	67.3	4.4
– Net Position:	214,560	-239,654	25,094
– Gross Longs:	313,646	103,423	47,707
– Gross Shorts:	99,086	343,077	22,613
– Long to Short Ratio:	3.2 to 1	0.3 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	61.7	38.0	41.1
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.9	-1.4	-3.6

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week reached a net position of 37,532 contracts in the data reported through Tuesday. This was a weekly lift of 7,176 contracts from the previous week which had a total of 30,356 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.8 percent. The commercials are Bearish with a score of 48.4 percent and the small traders (not shown in chart) are Bearish with a score of 21.4 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	47.1	27.8	18.6
– Percent of Open Interest Shorts:	20.6	64.1	8.8
– Net Position:	37,532	-51,504	13,972
– Gross Longs:	66,677	39,289	26,376
– Gross Shorts:	29,145	90,793	12,404
– Long to Short Ratio:	2.3 to 1	0.4 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	59.8	48.4	21.4
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.8	-11.1	3.0

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week reached a net position of 37,279 contracts in the data reported through Tuesday. This was a weekly decline of -3,305 contracts from the previous week which had a total of 40,584 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.2 percent. The commercials are Bearish with a score of 27.9 percent and the small traders (not shown in chart) are Bullish with a score of 75.0 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.1	36.0	9.0
– Percent of Open Interest Shorts:	27.3	56.5	5.1
– Net Position:	37,279	-45,870	8,591
– Gross Longs:	98,232	80,168	20,017
– Gross Shorts:	60,953	126,038	11,426
– Long to Short Ratio:	1.6 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	69.2	27.9	75.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.1	-6.7	7.3

Platinum Futures:

The Platinum Futures large speculator standing this week reached a net position of 14,902 contracts in the data reported through Tuesday. This was a weekly increase of 58 contracts from the previous week which had a total of 14,844 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 23.9 percent. The commercials are Bullish with a score of 78.6 percent and the small traders (not shown in chart) are Bullish with a score of 51.0 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	50.6	29.7	15.8
– Percent of Open Interest Shorts:	25.0	66.3	4.8
– Net Position:	14,902	-21,280	6,378
– Gross Longs:	29,445	17,265	9,174
– Gross Shorts:	14,543	38,545	2,796
– Long to Short Ratio:	2.0 to 1	0.4 to 1	3.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	23.9	78.6	51.0
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.1	-21.4	-14.5

Palladium Futures:

The Palladium Futures large speculator standing this week reached a net position of -2,954 contracts in the data reported through Tuesday. This was a weekly reduction of -538 contracts from the previous week which had a total of -2,416 net contracts.

This 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 1.6 percent. The commercials are Bullish-Extreme with a score of 96.6 percent and the small traders (not shown in chart) are Bearish with a score of 44.2 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.4	51.8	14.1
– Percent of Open Interest Shorts:	55.3	22.8	14.2
– Net Position:	-2,954	2,962	-8
– Gross Longs:	2,691	5,285	1,437
– Gross Shorts:	5,645	2,323	1,445
– Long to Short Ratio:	0.5 to 1	2.3 to 1	1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	1.6	96.6	44.2
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.7	4.8	19.1

Article By InvestMacro.com – Receive our weekly COT Reports by Email

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

CountingPips Forex Blog Metals Opinions

30 Oct

COT Energy Charts: Brent Crude Oil speculator bets have reached best level in 54-weeks

By InvestMacro.com COT Home | Data Tables | Data Downloads | Newsletter

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

Highlighting this week’s COT Energy data is the Brent Oil (Last Day) contracts which have hit their best speculator position in the past fifty-four weeks, dating back to October 20th of 2020. The speculative position for Brent has continually been in a bearish overall level since 2013 but has been trending closer to a neutral or perhaps even a bullish level soon. The Brent position has now risen for seven out of the past eight weeks and by a total of +25,751 contracts over that time-frame. The strength index score (the speculative level compared to the past 3-years) has shown an extreme level for Brent with a score of 97.6 percent.

Data Snapshot of Commodity Market Traders | Columns Legend

Oct-26-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,144,359	33	423,718	47	-472,412	41	48,694	84
Gold	509,794	28	214,560	62	-239,654	38	25,094	41
Silver	141,581	8	37,532	60	-51,504	48	13,972	21
Copper	222,927	43	37,279	69	-45,870	28	8,591	75
Palladium	10,205	17	-2,954	2	2,962	97	-8	44
Platinum	58,161	19	14,902	24	-21,280	79	6,378	51
Natural Gas	1,295,271	42	-138,188	37	96,361	61	41,827	85
Brent	200,768	40	-17,810	98	12,648	1	5,162	81
Heating Oil	423,143	63	25,791	80	-49,635	18	23,844	81
Soybeans	658,960	12	43,230	41	-10,177	63	-33,053	17
Corn	1,438,930	11	307,810	69	-252,059	36	-55,751	11
Coffee	307,195	64	67,593	98	-71,916	3	4,323	18
Sugar	874,742	21	198,607	77	-244,341	22	45,734	64
Wheat	405,625	33	763	48	8,753	49	-9,516	56

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week resulted in a net position of 423,718 contracts in the data reported through Tuesday. This was a weekly decline of -5,876 contracts from the previous week which had a total of 429,594 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.9 percent. The commercials are Bearish with a score of 40.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.6 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.7	32.4	4.7
– Percent of Open Interest Shorts:	5.9	54.4	2.4
– Net Position:	423,718	-472,412	48,694
– Gross Longs:	550,171	694,591	100,959
– Gross Shorts:	126,453	1,167,003	52,265
– Long to Short Ratio:	4.4 to 1	0.6 to 1	1.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	46.9	40.9	83.6
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.0	-22.6	9.3

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week resulted in a net position of -17,810 contracts in the data reported through Tuesday. This was a weekly gain of 10,208 contracts from the previous week which had a total of -28,018 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 97.6 percent. The commercials are Bearish-Extreme with a score of 0.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.7 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.9	41.8	5.9
– Percent of Open Interest Shorts:	29.8	35.5	3.3
– Net Position:	-17,810	12,648	5,162
– Gross Longs:	41,997	83,846	11,865
– Gross Shorts:	59,807	71,198	6,703
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	97.6	0.8	80.7
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	30.5	-32.7	16.8

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week resulted in a net position of -138,188 contracts in the data reported through Tuesday. This was a weekly reduction of -7,118 contracts from the previous week which had a total of -131,070 net contracts.

This 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 37.1 percent. The commercials are Bullish with a score of 61.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.9 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.1	44.3	5.1
– Percent of Open Interest Shorts:	30.7	36.9	1.9
– Net Position:	-138,188	96,361	41,827
– Gross Longs:	259,785	574,177	65,966
– Gross Shorts:	397,973	477,816	24,139
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	37.1	61.2	84.9
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.1	-3.9	5.2

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week resulted in a net position of 51,045 contracts in the data reported through Tuesday. This was a weekly rise of 2,403 contracts from the previous week which had a total of 48,642 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 22.1 percent. The commercials are Bullish with a score of 75.8 percent and the small traders (not shown in chart) are Bullish with a score of 72.1 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.4	41.9	7.6
– Percent of Open Interest Shorts:	18.4	61.2	4.4
– Net Position:	51,045	-61,168	10,123
– Gross Longs:	109,610	133,479	24,154
– Gross Shorts:	58,565	194,647	14,031
– Long to Short Ratio:	1.9 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	22.1	75.8	72.1
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.2	-9.0	-0.3

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week resulted in a net position of 25,791 contracts in the data reported through Tuesday. This was a weekly reduction of -650 contracts from the previous week which had a total of 26,441 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 80.4 percent. The commercials are Bearish-Extreme with a score of 18.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.0 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.3	51.6	11.1
– Percent of Open Interest Shorts:	10.2	63.4	5.5
– Net Position:	25,791	-49,635	23,844
– Gross Longs:	68,785	218,436	47,173
– Gross Shorts:	42,994	268,071	23,329
– Long to Short Ratio:	1.6 to 1	0.8 to 1	2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	80.4	18.4	81.0
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.2	3.1	4.4

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week resulted in a net position of -15,174 contracts in the data reported through Tuesday. This was a weekly boost of 1,353 contracts from the previous week which had a total of -16,527 net contracts.

This 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 72.3 percent and the small traders (not shown in chart) are Bullish with a score of 51.3 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	51.9	41.9	1.7
– Percent of Open Interest Shorts:	90.2	5.1	0.1
– Net Position:	-15,174	14,559	615
– Gross Longs:	20,522	16,575	673
– Gross Shorts:	35,696	2,016	58
– Long to Short Ratio:	0.6 to 1	8.2 to 1	11.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	27.1	72.3	51.3
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.8	21.3	11.8

Article By InvestMacro.com – Receive our weekly COT Reports by Email

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

CountingPips Forex Blog Energy Opinions

30 Oct

COT Soft Commodities Charts: Speculators push Corn bullish bets to 9-week high

By InvestMacro.com COT Home | Data Tables | Data Downloads | Newsletter

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

Highlighting this week’s COT Soft Commodity’s data is the speculator’s sharp increase in bullish bets for Corn. Corn bets jumped by over +30,000 contracts this week which marked the largest one-week gain in the past forty-three weeks. The rise brought the overall net position back above the +300,000 net contract level for the first time since August 31st. Overall, Corn speculative positions have remained in bullish territory for sixty-one weeks after turning from bearish to bullish back in August of 2020.

Data Snapshot of Commodity Market Traders | Columns Legend

Oct-26-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	2,144,359	33	423,718	47	-472,412	41	48,694	84
Gold	509,794	28	214,560	62	-239,654	38	25,094	41
Silver	141,581	8	37,532	60	-51,504	48	13,972	21
Copper	222,927	43	37,279	69	-45,870	28	8,591	75
Palladium	10,205	17	-2,954	2	2,962	97	-8	44
Platinum	58,161	19	14,902	24	-21,280	79	6,378	51
Natural Gas	1,295,271	42	-138,188	37	96,361	61	41,827	85
Brent	200,768	40	-17,810	98	12,648	1	5,162	81
Heating Oil	423,143	63	25,791	80	-49,635	18	23,844	81
Soybeans	658,960	12	43,230	41	-10,177	63	-33,053	17
Corn	1,438,930	11	307,810	69	-252,059	36	-55,751	11
Coffee	307,195	64	67,593	98	-71,916	3	4,323	18
Sugar	874,742	21	198,607	77	-244,341	22	45,734	64
Wheat	405,625	33	763	48	8,753	49	-9,516	56

CORN Futures:

The CORN large speculator standing this week totaled a net position of 307,810 contracts in the data reported through Tuesday. This was a weekly rise of 30,781 contracts from the previous week which had a total of 277,029 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 69.4 percent. The commercials are Bearish with a score of 36.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.0 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.1	48.5	9.2
– Percent of Open Interest Shorts:	6.7	66.1	13.1
– Net Position:	307,810	-252,059	-55,751
– Gross Longs:	404,890	698,417	132,371
– Gross Shorts:	97,080	950,476	188,122
– Long to Short Ratio:	4.2 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	69.4	36.0	11.0
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.3	-8.6	6.6

SUGAR Futures:

The SUGAR large speculator standing this week totaled a net position of 198,607 contracts in the data reported through Tuesday. This was a weekly fall of -12,943 contracts from the previous week which had a total of 211,550 net contracts.

This 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 77.4 percent. The commercials are Bearish with a score of 21.8 percent and the small traders (not shown in chart) are Bullish with a score of 64.4 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.6	44.9	10.9
– Percent of Open Interest Shorts:	6.9	72.8	5.6
– Net Position:	198,607	-244,341	45,734
– Gross Longs:	258,776	392,733	94,957
– Gross Shorts:	60,169	637,074	49,223
– Long to Short Ratio:	4.3 to 1	0.6 to 1	1.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	77.4	21.8	64.4
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.4	10.9	3.6

COFFEE Futures:

The COFFEE large speculator standing this week totaled a net position of 67,593 contracts in the data reported through Tuesday. This was a weekly fall of -1,296 contracts from the previous week which had a total of 68,889 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-Extreme with a score of 97.7 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.2 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.6	40.9	3.6
– Percent of Open Interest Shorts:	5.6	64.3	2.2
– Net Position:	67,593	-71,916	4,323
– Gross Longs:	84,760	125,632	11,211
– Gross Shorts:	17,167	197,548	6,888
– Long to Short Ratio:	4.9 to 1	0.6 to 1	1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	97.7	3.5	18.2
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.9	-7.5	0.3

SOYBEANS Futures:

The SOYBEANS large speculator standing this week totaled a net position of 43,230 contracts in the data reported through Tuesday. This was a weekly reduction of -311 contracts from the previous week which had a total of 43,541 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.1 percent. The commercials are Bullish with a score of 63.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.8 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.1	57.3	8.0
– Percent of Open Interest Shorts:	12.6	58.9	13.1
– Net Position:	43,230	-10,177	-33,053
– Gross Longs:	126,049	377,732	53,042
– Gross Shorts:	82,819	387,909	86,095
– Long to Short Ratio:	1.5 to 1	1.0 to 1	0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	41.1	63.4	16.8
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.6	8.3	-21.4

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week totaled a net position of 23,419 contracts in the data reported through Tuesday. This was a weekly boost of 14,305 contracts from the previous week which had a total of 9,114 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.5 percent. The commercials are Bullish with a score of 54.4 percent and the small traders (not shown in chart) are Bullish with a score of 71.2 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.4	47.7	12.6
– Percent of Open Interest Shorts:	15.1	58.7	6.9
– Net Position:	23,419	-48,521	25,102
– Gross Longs:	90,211	210,364	55,643
– Gross Shorts:	66,792	258,885	30,541
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	42.5	54.4	71.2
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.1	-10.7	34.5

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week totaled a net position of 44,978 contracts in the data reported through Tuesday. This was a weekly fall of -3,513 contracts from the previous week which had a total of 48,491 net contracts.

This 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 19.2 percent. The commercials are Bullish with a score of 76.8 percent and the small traders (not shown in chart) are Bullish with a score of 69.9 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.6	41.7	10.4
– Percent of Open Interest Shorts:	16.8	54.9	12.9
– Net Position:	44,978	-37,895	-7,083
– Gross Longs:	93,043	119,063	29,714
– Gross Shorts:	48,065	156,958	36,797
– Long to Short Ratio:	1.9 to 1	0.8 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	19.2	76.8	69.9
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.5	5.1	5.0

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week totaled a net position of 54,057 contracts in the data reported through Tuesday. This was a weekly decline of -11,125 contracts from the previous week which had a total of 65,182 net contracts.

This 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 42.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.5 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.8	32.7	7.5
– Percent of Open Interest Shorts:	16.8	49.2	14.0
– Net Position:	54,057	-38,763	-15,294
– Gross Longs:	93,406	76,620	17,605
– Gross Shorts:	39,349	115,383	32,899
– 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):	66.9	42.6	9.5
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.8	14.1	-0.6

COTTON Futures:

The COTTON large speculator standing this week totaled a net position of 102,069 contracts in the data reported through Tuesday. This was a weekly decline of -2,354 contracts from the previous week which had a total of 104,423 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.7 percent. The commercials are Bearish-Extreme with a score of 10.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.1 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.7	38.2	7.9
– Percent of Open Interest Shorts:	3.9	78.5	3.4
– Net Position:	102,069	-114,970	12,901
– Gross Longs:	113,246	108,979	22,564
– Gross Shorts:	11,177	223,949	9,663
– Long to Short Ratio:	10.1 to 1	0.5 to 1	2.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	87.7	10.7	94.1
– COT Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.9	2.4	12.9

COCOA Futures:

The COCOA large speculator standing this week totaled a net position of 19,198 contracts in the data reported through Tuesday. This was a weekly lowering of -3,623 contracts from the previous week which had a total of 22,821 net contracts.

This 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 40.8 percent. The commercials are Bullish with a score of 58.1 percent and the small traders (not shown in chart) are Bullish with a score of 54.6 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	52.4	4.8
– Percent of Open Interest Shorts:	17.4	61.9	3.1
– Net Position:	19,198	-23,256	4,058
– Gross Longs:	61,920	128,637	11,662
– Gross Shorts:	42,722	151,893	7,604
– 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):	40.8	58.1	54.6
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.1	6.9	12.7

WHEAT Futures:

The WHEAT large speculator standing this week totaled a net position of 763 contracts in the data reported through Tuesday. This was a weekly lift of 9,329 contracts from the previous week which had a total of -8,566 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 Bearish with a score of 47.7 percent. The commercials are Bearish with a score of 49.4 percent and the small traders (not shown in chart) are Bullish with a score of 56.1 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.2	38.8	7.8
– Percent of Open Interest Shorts:	25.0	36.6	10.2
– Net Position:	763	8,753	-9,516
– Gross Longs:	102,322	157,392	31,777
– Gross Shorts:	101,559	148,639	41,293
– Long to Short Ratio:	1.0 to 1	1.1 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	47.7	49.4	56.1
– COT Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.2	0.7	14.9

Article By InvestMacro.com – Receive our weekly COT Reports by Email

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