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Currency Speculators boost US Dollar Index bets to 5-year high while Euro bets dip into bearish level

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 June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

There were many really large moves this week in the COT positioning as the data was recorded on Tuesday – just one day ahead of the Federal Reserve’s announcement of a 75 basis point increase in the US benchmark Fed Funds rate.

Currency market speculator bets were mostly higher this week as eight out of the eleven currency markets (Russian ruble futures positions have not been updated by the CFTC since March) we cover had higher positioning this week while two markets had lower contracts. Leading the gains for currency market positions was the Canadian dollar (24,264 contracts) and the Japanese yen (21,891 contracts) with the New Zealand dollar (12,933 contracts), Swiss franc (9,324 contracts), US Dollar Index (6,538 contracts), British pound sterling (5,214 contracts), Australian dollar (4,642 contracts), Bitcoin (571 contracts) and Brazil real (508 contracts) also showing positive weeks.

Meanwhile, leading the declines in speculator bets were the Mexican peso (-59,107 contracts) and the Euro (-56,561 contracts) this week.

Currency Speculators Notes:

US Dollar Index speculators raised their bullish bets for a second straight week this week and for the seventh time in the past ten weeks. These increases pushed the large speculator standing (+44,476 contracts) to the highest level in the past two hundred and seventy-three weeks, dating back more than five years to March 21st of 2017. The most bullish level ever was +81,270 contracts on March 10th of 2015. The US dollar strength keeps rolling along and the overall standing has now remained bullish for the past fifty consecutive weeks, dating back to July of 2021. The US Dollar Index price has continued its strength as well and reached a high this week of over 105.75 which is the best level for the DXY since back in December of 2002.

Euro speculators sharply dropped their positions this week by the most on record with a huge decline of -56,561 contracts. This record decline beat out the previous high of -52,107 contracts that took place on June 19th of 2018. Euro bets had been gaining over the past month and were at a total of +50,543 contracts before this week’s sharp turnaround which has now tipped the overall spec positioning into bearish territory for the first time since January.

Japanese yen speculator bets surged this week (+21,891 contracts) and gained for the fifth straight week. Yen speculator positions have been in bearish territory for over a year and have been extremely week since many central banks around the world started raising their interest rates. The Bank of Japan has not raised rates and has signaled that it will not do so, creating large interest rate differentials compared to the other major currencies. Despite the spec bets increase this week, the yen exchange rate came under further pressure this week with the USDJPY price closing over the 135.00 exchange rate (and remaining near 20-year highs).

Mexican Peso speculator bets fell sharply by -59,381 contracts this week and flipped the MXN speculator positioning from bullish to bearish. The weekly speculator decline is the largest fall in the past thirteen weeks and the decrease into a bearish standing is the first time since March 29th.

Canadian dollar bets jumped this week by the most in the past seventy-seven weeks and brought the speculator position back into bullish territory for the first time in six weeks. CAD speculator bets have now gained for four straight weeks and the overall spec standing is residing at the highest level since July 2021.

New Zealand dollar speculators also boosted their bets this week after the NZD positions had dropped in six out of the previous seven weeks. This week’s rise in weekly bets was the most in the past thirteen weeks but the overall speculator standing remains in bearish territory for the seventh straight week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the US Dollar Index (100 percent), Bitcoin (100 percent) and the Brazilian Real (96.8 percent) are leading the strength scores and are all in extreme bullish positions. On the downside, the Mexican peso (16.1 percent) has fallen into extreme bearish positioning followed by the Japanese yen (25.9 percent) and British pound (26.7 percent) which are just above the 20 percent extreme bearish threshold.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the US Dollar Index (19.5 percent), Japanese yen (19.1 percent) and Swiss franc (18 percent) have the highest six-week trend scores currently. The Mexican peso also leads the trends on the downside with a -17.5 percent trend change.

Data Snapshot of Forex Market Traders | Columns Legend

Jun-14-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	61,144	91	44,476	100	-47,736	0	3,260	52
EUR	668,164	69	-6,018	33	-28,495	68	34,513	32
GBP	238,322	63	-65,596	27	81,063	78	-15,467	24
JPY	232,513	77	-69,755	26	86,443	78	-16,688	20
CHF	39,362	20	-6,808	39	18,147	72	-11,339	19
CAD	175,219	47	23,202	65	-30,284	43	7,082	44
AUD	142,857	39	-43,254	45	44,710	52	-1,456	49
NZD	45,410	35	-6,838	60	9,773	45	-2,935	18
MXN	197,375	48	-26,381	16	23,148	82	3,233	57
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	69,931	67	47,213	97	-48,458	4	1,245	79
Bitcoin	12,242	68	1,061	100	-947	0	-114	10

US Dollar Index Futures:

The US Dollar Index large speculator standing this week resulted in a net position of 44,476 contracts in the data reported through Tuesday. This was a weekly boost of 6,538 contracts from the previous week which had a total of 37,938 net contracts.

This 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 52.2 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	86.9	2.9	9.1
– Percent of Open Interest Shorts:	14.2	80.9	3.8
– Net Position:	44,476	-47,736	3,260
– Gross Longs:	53,133	1,752	5,553
– Gross Shorts:	8,657	49,488	2,293
– Long to Short Ratio:	6.1 to 1	0.0 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	52.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.2	-19.1	7.1

Euro Currency Futures:

The Euro Currency large speculator standing this week resulted in a net position of -6,018 contracts in the data reported through Tuesday. This was a weekly fall of -56,561 contracts from the previous week which had a total of 50,543 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.2 percent. The commercials are Bullish with a score of 67.9 percent and the small traders (not shown in chart) are Bearish with a score of 31.6 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.0	54.1	12.7
– Percent of Open Interest Shorts:	31.9	58.3	7.5
– Net Position:	-6,018	-28,495	34,513
– Gross Longs:	206,986	361,159	84,823
– Gross Shorts:	213,004	389,654	50,310
– Long to Short Ratio:	1.0 to 1	0.9 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	33.2	67.9	31.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.1	-1.1	5.9

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week resulted in a net position of -65,596 contracts in the data reported through Tuesday. This was a weekly lift of 5,214 contracts from the previous week which had a total of -70,810 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 Bearish with a score of 26.7 percent. The commercials are Bullish with a score of 77.6 percent and the small traders (not shown in chart) are Bearish with a score of 23.6 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.3	77.2	8.7
– Percent of Open Interest Shorts:	39.8	43.2	15.1
– Net Position:	-65,596	81,063	-15,467
– Gross Longs:	29,343	184,011	20,625
– Gross Shorts:	94,939	102,948	36,092
– Long to Short Ratio:	0.3 to 1	1.8 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	26.7	77.6	23.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.9	-4.7	-0.5

Japanese Yen Futures:

The Japanese Yen large speculator standing this week resulted in a net position of -69,755 contracts in the data reported through Tuesday. This was a weekly boost of 21,891 contracts from the previous week which had a total of -91,646 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 25.9 percent. The commercials are Bullish with a score of 77.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.5 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.0	75.6	9.6
– Percent of Open Interest Shorts:	44.0	38.4	16.8
– Net Position:	-69,755	86,443	-16,688
– Gross Longs:	32,441	175,789	22,340
– Gross Shorts:	102,196	89,346	39,028
– Long to Short Ratio:	0.3 to 1	2.0 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	25.9	77.8	19.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.1	-16.5	5.7

Swiss Franc Futures:

The Swiss Franc large speculator standing this week resulted in a net position of -6,808 contracts in the data reported through Tuesday. This was a weekly lift of 9,324 contracts from the previous week which had a total of -16,132 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.2 percent. The commercials are Bullish with a score of 72.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.1 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.9	66.2	22.9
– Percent of Open Interest Shorts:	28.2	20.1	51.7
– Net Position:	-6,808	18,147	-11,339
– Gross Longs:	4,291	26,045	9,026
– Gross Shorts:	11,099	7,898	20,365
– Long to Short Ratio:	0.4 to 1	3.3 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.2	72.4	19.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.0	-19.8	17.9

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week resulted in a net position of 23,202 contracts in the data reported through Tuesday. This was a weekly boost of 24,264 contracts from the previous week which had a total of -1,062 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.4 percent. The commercials are Bearish with a score of 43.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.3 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.3	45.1	16.8
– Percent of Open Interest Shorts:	19.0	62.4	12.7
– Net Position:	23,202	-30,284	7,082
– Gross Longs:	56,550	79,064	29,357
– Gross Shorts:	33,348	109,348	22,275
– Long to Short Ratio:	1.7 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.4	43.5	44.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.9	-14.4	6.3

Australian Dollar Futures:

The Australian Dollar large speculator standing this week resulted in a net position of -43,254 contracts in the data reported through Tuesday. This was a weekly lift of 4,642 contracts from the previous week which had a total of -47,896 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.7 percent. The commercials are Bullish with a score of 52.2 percent and the small traders (not shown in chart) are Bearish with a score of 48.9 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.2	59.9	14.9
– Percent of Open Interest Shorts:	52.4	28.6	16.0
– Net Position:	-43,254	44,710	-1,456
– Gross Longs:	31,660	85,591	21,342
– Gross Shorts:	74,914	40,881	22,798
– Long to Short Ratio:	0.4 to 1	2.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.7	52.2	48.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.7	7.8	10.4

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week resulted in a net position of -6,838 contracts in the data reported through Tuesday. This was a weekly increase of 12,933 contracts from the previous week which had a total of -19,771 net contracts.

This 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 45.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.2 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.8	61.8	4.9
– Percent of Open Interest Shorts:	47.9	40.3	11.4
– Net Position:	-6,838	9,773	-2,935
– Gross Longs:	14,894	28,062	2,236
– Gross Shorts:	21,732	18,289	5,171
– Long to Short Ratio:	0.7 to 1	1.5 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.8	45.5	18.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.4	-0.2	3.8

Mexican Peso Futures:

The Mexican Peso large speculator standing this week resulted in a net position of -26,381 contracts in the data reported through Tuesday. This was a weekly reduction of -59,107 contracts from the previous week which had a total of 32,726 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 Bearish-Extreme with a score of 16.1 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 56.7 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	57.8	38.3	3.1
– Percent of Open Interest Shorts:	71.2	26.5	1.5
– Net Position:	-26,381	23,148	3,233
– Gross Longs:	114,093	75,532	6,170
– Gross Shorts:	140,474	52,384	2,937
– Long to Short Ratio:	0.8 to 1	1.4 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.1	82.5	56.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.5	17.4	-2.9

Brazilian Real Futures:

The Brazilian Real large speculator standing this week resulted in a net position of 47,213 contracts in the data reported through Tuesday. This was a weekly rise of 508 contracts from the previous week which had a total of 46,705 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 96.8 percent. The commercials are Bearish-Extreme with a score of 4.0 percent and the small traders (not shown in chart) are Bullish with a score of 79.4 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	83.0	12.5	4.6
– Percent of Open Interest Shorts:	15.5	81.8	2.8
– Net Position:	47,213	-48,458	1,245
– Gross Longs:	58,023	8,711	3,197
– Gross Shorts:	10,810	57,169	1,952
– Long to Short Ratio:	5.4 to 1	0.2 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	96.8	4.0	79.4
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.3	-5.0	-4.0

Bitcoin Futures:

The Bitcoin large speculator standing this week resulted in a net position of 1,061 contracts in the data reported through Tuesday. This was a weekly increase of 571 contracts from the previous week which had a total of 490 net contracts.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	81.7	0.5	8.2
– Percent of Open Interest Shorts:	73.0	8.2	9.2
– Net Position:	1,061	-947	-114
– Gross Longs:	9,996	62	1,008
– Gross Shorts:	8,935	1,009	1,122
– Long to Short Ratio:	1.1 to 1	0.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	0.0	10.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.3	-30.9	-3.5

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.

18 Jun

COT Week 24 Charts: Metals Speculator bets lower as Gold & Copper bets drop

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 June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

COT Metals market speculator bets were lower this week as all five of the metals markets we cover had lower positioning this week. Leading the declines in speculator bets this week were Gold (-20,670 contracts) and Copper (-10,083 contracts) with Platinum (-3,719 contracts), Silver (-3,399 contracts) and Palladium (-596 contracts) also registering lower bets on the week.

Highlighting this week’s COT metals data was the further weakness in bullish bets for the Gold futures contracts. Gold speculators sharply dropped their bullish bets by -20,670 contracts this week and have now seen lower positions for two out of three weeks as well as for the seventh time in the past nine weeks. Over the nine-week time-frame, Gold speculator bets have fallen by a total of -99,689 contracts, going from +254,297 net positions on April 12th to +154,598 net positions this week. These decreases have brought the current level down to the least bullish standing of the past one hundred and fifty-nine weeks, dating back to May 28th of 2019.

Despite the speculator weakness, the Gold futures price has not fallen too sharply although prices have cooled off since hitting an almost two-year high of $2,078 on March 8th. The Gold price currently remains trading in its range between approximately $1,800 and $1,884 that has prevailed since early in May and over the longer-term, remains in an uptrend.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Copper (32.4 percent) is the leading pack this week although this score is just slightly above a extreme bearish score. All the other markets are currently in extreme bearish levels (below 20 percent) as speculator sentiment among the metals is very weak at the moment.

Strength score trends (or move index, that calculate 6-week changes in strength scores) show that the Platinum (5.4 percent) and Copper (1.3 percent) are the only two metals with rising trend scores. Gold and Silver are neck and neck for leading the trends to the downside with scores of -22.4 percent (Gold) and -22 percent (Silver), respectively, while Platinum (-7.3 percent) also has a negative trend score for the week.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-14-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,715,674	0	302,946	0	-341,654	100	38,708	70
Gold	497,456	13	154,598	0	-178,569	100	23,971	15
Silver	151,978	18	14,005	0	-22,047	100	8,042	0
Copper	187,247	17	-13,797	32	10,287	67	3,510	46
Palladium	7,740	6	-4,057	0	4,354	100	-297	27
Platinum	66,613	33	2,214	7	-6,793	96	4,579	26
Natural Gas	1,053,265	0	-123,485	42	74,310	54	49,175	96
Brent	171,026	17	-36,389	50	34,601	51	1,788	33
Heating Oil	268,199	23	8,475	55	-28,686	41	20,211	68
Soybeans	754,428	34	182,667	70	-155,663	37	-27,004	25
Corn	1,521,565	25	399,775	81	-344,196	23	-55,579	11
Coffee	202,656	0	46,885	79	-48,399	25	1,514	5
Sugar	800,806	1	170,483	72	-198,006	31	27,523	42
Wheat	336,890	13	20,435	46	-18,089	34	-2,346	98

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week equaled a net position of 154,598 contracts in the data reported through Tuesday. This was a weekly fall of -20,670 contracts from the previous week which had a total of 175,268 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.9 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.6	24.5	9.2
– Percent of Open Interest Shorts:	22.5	60.4	4.4
– Net Position:	154,598	-178,569	23,971
– Gross Longs:	266,596	121,926	45,726
– Gross Shorts:	111,998	300,495	21,755
– Long to Short Ratio:	2.4 to 1	0.4 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	14.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.4	25.7	-31.1

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week equaled a net position of 14,005 contracts in the data reported through Tuesday. This was a weekly fall of -3,399 contracts from the previous week which had a total of 17,404 net contracts.

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

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.6	39.6	16.0
– Percent of Open Interest Shorts:	28.4	54.1	10.7
– Net Position:	14,005	-22,047	8,042
– Gross Longs:	57,216	60,161	24,268
– Gross Shorts:	43,211	82,208	16,226
– Long to Short Ratio:	1.3 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	0.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.0	21.9	-16.9

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week equaled a net position of -13,797 contracts in the data reported through Tuesday. This was a weekly decline of -10,083 contracts from the previous week which had a total of -3,714 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.4 percent. The commercials are Bullish with a score of 66.5 percent and the small traders (not shown in chart) are Bearish with a score of 45.6 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.3	55.2	8.8
– Percent of Open Interest Shorts:	34.6	49.7	6.9
– Net Position:	-13,797	10,287	3,510
– Gross Longs:	51,077	103,433	16,449
– Gross Shorts:	64,874	93,146	12,939
– Long to Short Ratio:	0.8 to 1	1.1 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	32.4	66.5	45.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.3	0.1	-11.8

Platinum Futures:

The Platinum Futures large speculator standing this week equaled a net position of 2,214 contracts in the data reported through Tuesday. This was a weekly decrease of -3,719 contracts from the previous week which had a total of 5,933 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 6.5 percent. The commercials are Bullish-Extreme with a score of 95.7 percent and the small traders (not shown in chart) are Bearish with a score of 25.8 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.7	42.3	12.9
– Percent of Open Interest Shorts:	34.3	52.5	6.0
– Net Position:	2,214	-6,793	4,579
– Gross Longs:	25,085	28,194	8,597
– Gross Shorts:	22,871	34,987	4,018
– Long to Short Ratio:	1.1 to 1	0.8 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	6.5	95.7	25.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.4	-4.3	-8.8

Palladium Futures:

The Palladium Futures large speculator standing this week equaled a net position of -4,057 contracts in the data reported through Tuesday. This was a weekly fall of -596 contracts from the previous week which had a total of -3,461 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish with a score of 26.7 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.5	71.8	14.3
– Percent of Open Interest Shorts:	65.9	15.5	18.1
– Net Position:	-4,057	4,354	-297
– Gross Longs:	1,045	5,555	1,105
– Gross Shorts:	5,102	1,201	1,402
– Long to Short Ratio:	0.2 to 1	4.6 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	26.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.3	10.7	-34.4

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog investing Metals Opinions

18 Jun

COT Week 24 Charts: Bond Market Speculators Bets mostly higher led by Eurodollar & 10-Year Bonds

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 June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

COT bond market speculator bets were mixed as five out of the eight bond markets we cover had higher positioning this week while three markets had falling speculator contracts for the week.

Leading the gains for the bond markets was the Eurodollar (791,810 contracts) and the 10-Year Bond (60,658 contracts) with Fed Funds (56,698 contracts), 5-Year Bond (31,476 contracts) and the 2-Year Bond (10,067 contracts) also showing positive weeks.

Meanwhile, leading the declines in speculator bets this week were the Long US Bond (-34,363 contracts) and the Ultra US Bond (-26,628 contracts) with the Ultra 10-Year (-5,373 contracts) also seeing lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the US Treasury Bond (75 percent) is at the highest level of the bonds markets currently. On the lower end, the Ultra 10-Year Bonds (7.7 percent) and 3-Month Eurodollars (15.4 percent) are in bearish-extreme levels and have the weakest speculator strength scores at the moment.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the 5-Year Bond (22.5 percent) and Fed Funds (20.5 percent) are leading the rising trend scores over the past six weeks. The US Treasury Bond leads the trends on the downside with a -9.2 percent trend change followed by the 10-Year Bonds and Ultra 10-Year Bonds.

Data Snapshot of Bond Market Traders | Columns Legend

Jun-14-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	9,327,824	9	-1,854,692	19	2,223,303	81	-368,611	23
FedFunds	1,680,512	52	110,931	53	-115,511	46	4,580	71
2-Year	2,012,004	10	-160,422	50	228,211	70	-67,789	20
Long T-Bond	1,188,806	47	-29,400	75	43,870	32	-14,470	41
10-Year	3,509,639	30	-205,529	41	374,018	66	-168,489	40
5-Year	3,889,422	45	-191,071	50	372,681	59	-181,610	31

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week recorded a net position of -1,854,692 contracts in the data reported through Tuesday. This was a weekly lift of 791,810 contracts from the previous week which had a total of -2,646,502 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 18.8 percent. The commercials are Bullish-Extreme with a score of 80.8 percent and the small traders (not shown in chart) are Bearish with a score of 23.3 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.0	68.9	4.4
– Percent of Open Interest Shorts:	26.9	45.1	8.4
– Net Position:	-1,854,692	2,223,303	-368,611
– Gross Longs:	651,750	6,428,169	412,783
– Gross Shorts:	2,506,442	4,204,866	781,394
– Long to Short Ratio:	0.3 to 1	1.5 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	18.8	80.8	23.3
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	15.4	-15.7	11.1

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week recorded a net position of 110,931 contracts in the data reported through Tuesday. This was a weekly advance of 56,698 contracts from the previous week which had a total of 54,233 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.3 percent. The commercials are Bearish with a score of 45.9 percent and the small traders (not shown in chart) are Bullish with a score of 71.3 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.2	70.8	2.8
– Percent of Open Interest Shorts:	6.6	77.6	2.5
– Net Position:	110,931	-115,511	4,580
– Gross Longs:	221,596	1,189,101	46,737
– Gross Shorts:	110,665	1,304,612	42,157
– Long to Short Ratio:	2.0 to 1	0.9 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.3	45.9	71.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.5	-21.4	25.1

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week recorded a net position of -160,422 contracts in the data reported through Tuesday. This was a weekly gain of 10,067 contracts from the previous week which had a total of -170,489 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.9 percent. The commercials are Bullish with a score of 69.7 percent and the small traders (not shown in chart) are Bearish with a score of 20.3 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.7	77.3	7.1
– Percent of Open Interest Shorts:	19.7	65.9	10.5
– Net Position:	-160,422	228,211	-67,789
– Gross Longs:	236,115	1,554,892	143,727
– Gross Shorts:	396,537	1,326,681	211,516
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.9	69.7	20.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.3	-3.8	20.3

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week recorded a net position of -191,071 contracts in the data reported through Tuesday. This was a weekly advance of 31,476 contracts from the previous week which had a total of -222,547 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.7 percent. The commercials are Bullish with a score of 58.8 percent and the small traders (not shown in chart) are Bearish with a score of 31.1 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.6	80.8	7.8
– Percent of Open Interest Shorts:	14.5	71.2	12.5
– Net Position:	-191,071	372,681	-181,610
– Gross Longs:	374,601	3,141,449	302,708
– Gross Shorts:	565,672	2,768,768	484,318
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.7	58.8	31.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.5	-16.7	2.5

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week recorded a net position of -205,529 contracts in the data reported through Tuesday. This was a weekly lift of 60,658 contracts from the previous week which had a total of -266,187 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.2 percent. The commercials are Bullish with a score of 66.3 percent and the small traders (not shown in chart) are Bearish with a score of 39.8 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.2	80.3	8.7
– Percent of Open Interest Shorts:	13.1	69.7	13.5
– Net Position:	-205,529	374,018	-168,489
– Gross Longs:	253,485	2,819,950	305,184
– Gross Shorts:	459,014	2,445,932	473,673
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.2	66.3	39.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.8	7.2	-0.6

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week recorded a net position of -81,207 contracts in the data reported through Tuesday. This was a weekly fall of -5,373 contracts from the previous week which had a total of -75,834 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 7.7 percent. The commercials are Bullish-Extreme with a score of 95.2 percent and the small traders (not shown in chart) are Bearish with a score of 36.7 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.5	83.7	11.0
– Percent of Open Interest Shorts:	11.1	66.2	21.8
– Net Position:	-81,207	213,971	-132,764
– Gross Longs:	55,047	1,027,514	134,825
– Gross Shorts:	136,254	813,543	267,589
– Long to Short Ratio:	0.4 to 1	1.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	7.7	95.2	36.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.7	-2.9	-11.3

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week recorded a net position of -29,400 contracts in the data reported through Tuesday. This was a weekly lowering of -34,363 contracts from the previous week which had a total of 4,963 net contracts.

This 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 75.0 percent. The commercials are Bearish with a score of 32.3 percent and the small traders (not shown in chart) are Bearish with a score of 41.1 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.7	76.8	13.1
– Percent of Open Interest Shorts:	11.1	73.1	14.3
– Net Position:	-29,400	43,870	-14,470
– Gross Longs:	102,957	912,867	155,248
– Gross Shorts:	132,357	868,997	169,718
– Long to Short Ratio:	0.8 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.0	32.3	41.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.0	12.7	3.3

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week recorded a net position of -341,601 contracts in the data reported through Tuesday. This was a weekly decrease of -26,628 contracts from the previous week which had a total of -314,973 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 45.9 percent. The commercials are Bullish with a score of 67.4 percent and the small traders (not shown in chart) are Bearish with a score of 50.0 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.2	84.1	11.4
– Percent of Open Interest Shorts:	29.5	60.1	9.1
– Net Position:	-341,601	311,386	30,215
– Gross Longs:	41,147	1,091,594	147,658
– Gross Shorts:	382,748	780,208	117,443
– Long to Short Ratio:	0.1 to 1	1.4 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.9	67.4	50.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.2	6.2	7.1

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Financial News

18 Jun

COT Week 24 Charts: Soft Commodities Speculators Positions mostly lower led by Sugar & Cocoa

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 June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The soft commodities market speculator bets were mostly lower this week as just three out of the eleven soft commodities markets we cover had higher positioning this week while eight markets had lower speculator bets.

Leading the gains for soft commodities markets was Corn (8,511 contracts) and Live Cattle (7,316 contracts) with Soybeans (6,023 contracts) also showing a positive week.

Meanwhile, leading the declines in speculator bets this week were Sugar (-24,920 contracts) and Cocoa (-17,863 contracts) with Soybean Oil (-5,247 contracts), Cotton (-4,427 contracts), Wheat (-3,446 contracts), Lean Hogs (-3,105 contracts), Coffee (-1,882 contracts) and Soybean Meal (-845 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Corn (81.1 percent and bullish-extreme) is at the highest level of the softs currently followed by Coffee and Soybean Meal. On the downside, Lean Hogs (14.8 percent) and Cocoa (14.3 percent) are in bearish-extreme levels and have the weakest speculator strength scores at the moment.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that Coffee and Wheat have the only rising scores over the past six weeks. Cocoa leads the trends on the downside with a -39.1 percent trend change followed by Live Cattle (-17.9 percent) and Lean Hogs (-16 percent).

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-14-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,715,674	0	302,946	0	-341,654	100	38,708	70
Gold	497,456	13	154,598	0	-178,569	100	23,971	15
Silver	151,978	18	14,005	0	-22,047	100	8,042	0
Copper	187,247	17	-13,797	32	10,287	67	3,510	46
Palladium	7,740	6	-4,057	0	4,354	100	-297	27
Platinum	66,613	33	2,214	7	-6,793	96	4,579	26
Natural Gas	1,053,265	0	-123,485	42	74,310	54	49,175	96
Brent	171,026	17	-36,389	50	34,601	51	1,788	33
Heating Oil	268,199	23	8,475	55	-28,686	41	20,211	68
Soybeans	754,428	34	182,667	70	-155,663	37	-27,004	25
Corn	1,521,565	25	399,775	81	-344,196	23	-55,579	11
Coffee	202,656	0	46,885	79	-48,399	25	1,514	5
Sugar	800,806	1	170,483	72	-198,006	31	27,523	42
Wheat	336,890	13	20,435	46	-18,089	34	-2,346	98

CORN Futures:

The CORN large speculator standing this week was a net position of 399,775 contracts in the data reported through Tuesday. This was a weekly increase of 8,511 contracts from the previous week which had a total of 391,264 net contracts.

This 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 81.1 percent. The commercials are Bearish with a score of 22.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.1 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.2	44.6	9.2
– Percent of Open Interest Shorts:	7.9	67.2	12.8
– Net Position:	399,775	-344,196	-55,579
– Gross Longs:	519,685	678,186	139,407
– Gross Shorts:	119,910	1,022,382	194,986
– Long to Short Ratio:	4.3 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	81.1	22.9	11.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.0	15.2	-2.8

SUGAR Futures:

The SUGAR large speculator standing this week was a net position of 170,483 contracts in the data reported through Tuesday. This was a weekly decrease of -24,920 contracts from the previous week which had a total of 195,403 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 71.7 percent. The commercials are Bearish with a score of 30.6 percent and the small traders (not shown in chart) are Bearish with a score of 41.9 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.1	47.6	10.1
– Percent of Open Interest Shorts:	7.8	72.3	6.7
– Net Position:	170,483	-198,006	27,523
– Gross Longs:	233,102	380,876	80,955
– Gross Shorts:	62,619	578,882	53,432
– Long to Short Ratio:	3.7 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	71.7	30.6	41.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.4	7.3	-9.0

COFFEE Futures:

The COFFEE large speculator standing this week was a net position of 46,885 contracts in the data reported through Tuesday. This was a weekly decline of -1,882 contracts from the previous week which had a total of 48,767 net contracts.

This 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 79.3 percent. The commercials are Bearish with a score of 25.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 5.1 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.3	49.4	4.4
– Percent of Open Interest Shorts:	4.2	73.3	3.6
– Net Position:	46,885	-48,399	1,514
– Gross Longs:	55,397	100,060	8,883
– Gross Shorts:	8,512	148,459	7,369
– Long to Short Ratio:	6.5 to 1	0.7 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	79.3	25.3	5.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.3	-4.9	-8.0

SOYBEANS Futures:

The SOYBEANS large speculator standing this week was a net position of 182,667 contracts in the data reported through Tuesday. This was a weekly boost of 6,023 contracts from the previous week which had a total of 176,644 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.8 percent. The commercials are Bearish with a score of 37.1 percent and the small traders (not shown in chart) are Bearish with a score of 25.4 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.5	49.3	6.6
– Percent of Open Interest Shorts:	6.3	69.9	10.2
– Net Position:	182,667	-155,663	-27,004
– Gross Longs:	229,930	371,675	50,027
– Gross Shorts:	47,263	527,338	77,031
– Long to Short Ratio:	4.9 to 1	0.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	69.8	37.1	25.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.4	2.9	-3.3

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week was a net position of 73,398 contracts in the data reported through Tuesday. This was a weekly fall of -5,247 contracts from the previous week which had a total of 78,645 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.8 percent. The commercials are Bearish with a score of 43.4 percent and the small traders (not shown in chart) are Bullish with a score of 64.6 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.3	50.9	9.1
– Percent of Open Interest Shorts:	7.4	73.4	5.5
– Net Position:	73,398	-87,101	13,703
– Gross Longs:	102,073	198,015	35,202
– Gross Shorts:	28,675	285,116	21,499
– Long to Short Ratio:	3.6 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.8	43.4	64.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.9	14.5	-1.0

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week was a net position of 88,831 contracts in the data reported through Tuesday. This was a weekly fall of -845 contracts from the previous week which had a total of 89,676 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.9 percent. The commercials are Bearish with a score of 23.3 percent and the small traders (not shown in chart) are Bullish with a score of 67.5 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.6	43.8	12.7
– Percent of Open Interest Shorts:	4.5	73.6	5.9
– Net Position:	88,831	-114,735	25,904
– Gross Longs:	106,273	168,517	48,694
– Gross Shorts:	17,442	283,252	22,790
– Long to Short Ratio:	6.1 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.9	23.3	67.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.0	2.6	29.3

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week was a net position of 32,744 contracts in the data reported through Tuesday. This was a weekly gain of 7,316 contracts from the previous week which had a total of 25,428 net contracts.

This 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 20.4 percent. The commercials are Bullish with a score of 72.1 percent and the small traders (not shown in chart) are Bullish with a score of 72.7 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.9	40.6	11.3
– Percent of Open Interest Shorts:	24.9	51.6	12.3
– Net Position:	32,744	-30,120	-2,624
– Gross Longs:	100,918	110,947	30,976
– Gross Shorts:	68,174	141,067	33,600
– Long to Short Ratio:	1.5 to 1	0.8 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	20.4	72.1	72.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.9	15.4	10.5

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week was a net position of 7,386 contracts in the data reported through Tuesday. This was a weekly lowering of -3,105 contracts from the previous week which had a total of 10,491 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 14.8 percent. The commercials are Bullish-Extreme with a score of 93.7 percent and the small traders (not shown in chart) are Bullish with a score of 57.2 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.7	43.9	9.9
– Percent of Open Interest Shorts:	25.8	43.8	13.8
– Net Position:	7,386	202	-7,588
– Gross Longs:	57,305	84,837	19,098
– Gross Shorts:	49,919	84,635	26,686
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	14.8	93.7	57.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.0	20.7	-15.1

COTTON Futures:

The COTTON large speculator standing this week was a net position of 66,255 contracts in the data reported through Tuesday. This was a weekly lowering of -4,427 contracts from the previous week which had a total of 70,682 net contracts.

This 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 64.9 percent. The commercials are Bearish with a score of 33.8 percent and the small traders (not shown in chart) are Bullish with a score of 71.8 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.1	41.6	9.2
– Percent of Open Interest Shorts:	7.9	79.5	4.5
– Net Position:	66,255	-75,657	9,402
– Gross Longs:	81,941	82,992	18,322
– Gross Shorts:	15,686	158,649	8,920
– Long to Short Ratio:	5.2 to 1	0.5 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	64.9	33.8	71.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.0	11.9	-19.5

COCOA Futures:

The COCOA large speculator standing this week was a net position of -3,369 contracts in the data reported through Tuesday. This was a weekly fall of -17,863 contracts from the previous week which had a total of 14,494 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 14.3 percent. The commercials are Bullish-Extreme with a score of 85.8 percent and the small traders (not shown in chart) are Bearish with a score of 31.5 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	45.5	5.9
– Percent of Open Interest Shorts:	30.1	45.5	4.8
– Net Position:	-3,369	-126	3,495
– Gross Longs:	90,712	142,236	18,389
– Gross Shorts:	94,081	142,362	14,894
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	14.3	85.8	31.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-39.1	42.0	-32.3

WHEAT Futures:

The WHEAT large speculator standing this week was a net position of 20,435 contracts in the data reported through Tuesday. This was a weekly reduction of -3,446 contracts from the previous week which had a total of 23,881 net contracts.

This 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 45.6 percent. The commercials are Bearish with a score of 33.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 98.2 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.3	38.0	10.7
– Percent of Open Interest Shorts:	25.3	43.4	11.4
– Net Position:	20,435	-18,089	-2,346
– Gross Longs:	105,566	128,087	36,114
– Gross Shorts:	85,131	146,176	38,460
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.6	33.9	98.2
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.6	-5.5	17.9

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News Soft Commodities

18 Jun

COT Week 24 Charts: Energy Speculator Positions Mixed led by Heating Oil & WTI Crude

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 June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Energy market speculator bets were mixed this week as three out of the six energy markets we cover had higher positioning this week while three markets had lower contracts.

Leading the gains for energy markets was Heating Oil (3,589 contracts) and then Gasoline (968 contracts) with the Bloomberg Commodity Index (72 contracts) also showing a positive week.

Meanwhile, on the downside, the markets leading the declines in speculator bets this week were WTI Crude Oil (-25,310 contracts) and Natural Gas (-9,143 contracts) while Brent Crude Oil (-291 contracts) also registered lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the Bloomberg Commodity Index has the highest strength score with a 75.7 strength score followed by Heating Oil and Brent Crude Oil. WTI Crude Oil (currently at the lowest level of past three years or 0 percent) and Gasoline (2.2 percent) currently are in bearish-extreme levels with speculator sentiment very weak.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that Heating Oil and the Bloomberg Commodity Index have had rising scores over the past six weeks while all the other energy markets have had declining moves.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-14-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,715,674	0	302,946	0	-341,654	100	38,708	70
Gold	497,456	13	154,598	0	-178,569	100	23,971	15
Silver	151,978	18	14,005	0	-22,047	100	8,042	0
Copper	187,247	17	-13,797	32	10,287	67	3,510	46
Palladium	7,740	6	-4,057	0	4,354	100	-297	27
Platinum	66,613	33	2,214	7	-6,793	96	4,579	26
Natural Gas	1,053,265	0	-123,485	42	74,310	54	49,175	96
Brent	171,026	17	-36,389	50	34,601	51	1,788	33
Heating Oil	268,199	23	8,475	55	-28,686	41	20,211	68
Soybeans	754,428	34	182,667	70	-155,663	37	-27,004	25
Corn	1,521,565	25	399,775	81	-344,196	23	-55,579	11
Coffee	202,656	0	46,885	79	-48,399	25	1,514	5
Sugar	800,806	1	170,483	72	-198,006	31	27,523	42
Wheat	336,890	13	20,435	46	-18,089	34	-2,346	98

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week totaled a net position of 302,946 contracts in the data reported through Tuesday. This was a weekly reduction of -25,310 contracts from the previous week which had a total of 328,256 net contracts.

This 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 69.6 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.9	35.3	5.3
– Percent of Open Interest Shorts:	6.2	55.2	3.0
– Net Position:	302,946	-341,654	38,708
– Gross Longs:	409,427	604,944	90,476
– Gross Shorts:	106,481	946,598	51,768
– Long to Short Ratio:	3.8 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	69.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.5	9.2	-8.2

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week totaled a net position of -36,389 contracts in the data reported through Tuesday. This was a weekly fall of -291 contracts from the previous week which had a total of -36,098 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.1 percent. The commercials are Bullish with a score of 50.8 percent and the small traders (not shown in chart) are Bearish with a score of 33.4 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.6	52.0	4.3
– Percent of Open Interest Shorts:	34.9	31.8	3.3
– Net Position:	-36,389	34,601	1,788
– Gross Longs:	23,246	88,924	7,365
– Gross Shorts:	59,635	54,323	5,577
– Long to Short Ratio:	0.4 to 1	1.6 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.1	50.8	33.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.2	14.3	6.5

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week totaled a net position of -123,485 contracts in the data reported through Tuesday. This was a weekly reduction of -9,143 contracts from the previous week which had a total of -114,342 net contracts.

This 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 41.5 percent. The commercials are Bullish with a score of 54.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 96.4 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.9	38.9	7.1
– Percent of Open Interest Shorts:	32.6	31.8	2.4
– Net Position:	-123,485	74,310	49,175
– Gross Longs:	220,256	409,613	74,311
– Gross Shorts:	343,741	335,303	25,136
– Long to Short Ratio:	0.6 to 1	1.2 to 1	3.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.5	54.3	96.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.7	0.5	10.2

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week totaled a net position of 31,456 contracts in the data reported through Tuesday. This was a weekly increase of 968 contracts from the previous week which had a total of 30,488 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 Bearish-Extreme with a score of 2.2 percent. The commercials are Bullish-Extreme with a score of 93.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.1 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.8	53.2	8.2
– Percent of Open Interest Shorts:	14.7	67.4	4.2
– Net Position:	31,456	-43,672	12,216
– Gross Longs:	76,744	164,469	25,175
– Gross Shorts:	45,288	208,141	12,959
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.2	93.4	94.1
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.0	5.3	10.7

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week totaled a net position of 8,475 contracts in the data reported through Tuesday. This was a weekly lift of 3,589 contracts from the previous week which had a total of 4,886 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.9 percent. The commercials are Bearish with a score of 40.7 percent and the small traders (not shown in chart) are Bullish with a score of 68.4 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.1	50.5	16.8
– Percent of Open Interest Shorts:	14.0	61.2	9.2
– Net Position:	8,475	-28,686	20,211
– Gross Longs:	45,945	135,386	45,006
– Gross Shorts:	37,470	164,072	24,795
– Long to Short Ratio:	1.2 to 1	0.8 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	54.9	40.7	68.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	24.5	-15.6	-6.8

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week totaled a net position of -8,311 contracts in the data reported through Tuesday. This was a weekly gain of 72 contracts from the previous week which had a total of -8,383 net contracts.

This 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 75.7 percent. The commercials are Bearish with a score of 23.2 percent and the small traders (not shown in chart) are Bearish with a score of 38.9 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	51.7	0.7
– Percent of Open Interest Shorts:	38.5	42.8	0.1
– Net Position:	-8,311	7,764	547
– Gross Longs:	25,428	45,267	619
– Gross Shorts:	33,739	37,503	72
– Long to Short Ratio:	0.8 to 1	1.2 to 1	8.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.7	23.2	38.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.3	-18.9	-5.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Financial News

12 Jun

COT Week 23 Charts: Precious Metals Speculator bets mostly higher lead by Copper & Platinum

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 June 7th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

COT metals market speculator bets were mostly rising this week as five out of the six metals markets we cover had higher positioning this week while only one market had lower contracts.

Leading the gains for the precious metals markets was Copper (14,311 contracts) and Platinum (3,570 contracts) with Silver (3,407 contracts) and Gold (2,679 contracts) also showing a positive week. Meanwhile, the only market with declines in speculator bets this week was Palladium with a fall of -328 contracts.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that only Copper (39.7 percent) is not in an extreme-bearish position at the current time. Using the Strength Index as a contrarian signal, the metals markets could be at attractive levels depending on the fundamental and technical factors of each market.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that only Platinum has been trending higher over the past six weeks. On the downside, Silver and the Gold have shown the largest downward trends.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-07-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,790,618	10	328,256	8	-369,033	93	40,777	72
Gold	494,130	12	175,268	7	-199,886	95	24,618	18
Silver	148,294	15	17,404	5	-27,990	94	10,586	10
Copper	194,187	22	-3,714	40	879	60	2,835	42
Palladium	7,035	3	-3,461	2	3,581	97	-120	37
Platinum	65,295	31	5,933	12	-9,742	92	3,809	15
Natural Gas	1,127,731	10	-114,342	44	66,419	52	47,923	93
Brent	169,802	16	-36,098	51	34,208	50	1,890	35
Heating Oil	261,651	20	4,886	50	-24,428	45	19,542	66
Soybeans	760,444	35	176,644	68	-148,390	39	-28,254	23
Corn	1,557,167	31	391,264	80	-337,137	24	-54,127	12
Coffee	222,583	15	48,767	81	-51,363	23	2,596	16
Sugar	849,814	12	195,403	77	-234,496	24	39,093	56
Wheat	333,705	12	23,881	50	-19,863	31	-4,018	90

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week recorded a net position of 175,268 contracts in the data reported through Tuesday. This was a weekly increase of 2,679 contracts from the previous week which had a total of 172,589 net contracts.

This 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 6.8 percent. The commercials are Bullish-Extreme with a score of 95.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.0 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	54.7	23.7	8.9
– Percent of Open Interest Shorts:	19.2	64.1	3.9
– Net Position:	175,268	-199,886	24,618
– Gross Longs:	270,356	116,965	44,090
– Gross Shorts:	95,088	316,851	19,472
– Long to Short Ratio:	2.8 to 1	0.4 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	6.8	95.0	18.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.3	25.3	-23.5

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week recorded a net position of 17,404 contracts in the data reported through Tuesday. This was a weekly rise of 3,407 contracts from the previous week which had a total of 13,997 net contracts.

This 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 5.3 percent. The commercials are Bullish-Extreme with a score of 93.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.2 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.0	36.9	16.9
– Percent of Open Interest Shorts:	25.3	55.8	9.8
– Net Position:	17,404	-27,990	10,586
– Gross Longs:	54,899	54,707	25,089
– Gross Shorts:	37,495	82,697	14,503
– Long to Short Ratio:	1.5 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	5.3	93.9	10.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-28.2	26.8	-15.3

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week recorded a net position of -3,714 contracts in the data reported through Tuesday. This was a weekly rise of 14,311 contracts from the previous week which had a total of -18,025 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.7 percent. The commercials are Bullish with a score of 60.1 percent and the small traders (not shown in chart) are Bearish with a score of 41.7 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.0	51.7	8.6
– Percent of Open Interest Shorts:	31.9	51.3	7.1
– Net Position:	-3,714	879	2,835
– Gross Longs:	58,232	100,449	16,646
– Gross Shorts:	61,946	99,570	13,811
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.7	60.1	41.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.1	2.8	-23.7

Platinum Futures:

The Platinum Futures large speculator standing this week recorded a net position of 5,933 contracts in the data reported through Tuesday. This was a weekly advance of 3,570 contracts from the previous week which had a total of 2,363 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 11.9 percent. The commercials are Bullish-Extreme with a score of 91.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.1 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.4	41.1	11.5
– Percent of Open Interest Shorts:	32.3	56.0	5.6
– Net Position:	5,933	-9,742	3,809
– Gross Longs:	27,004	26,823	7,479
– Gross Shorts:	21,071	36,565	3,670
– Long to Short Ratio:	1.3 to 1	0.7 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.9	91.6	15.1
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.9	-7.9	-35.4

Palladium Futures:

The Palladium Futures large speculator standing this week recorded a net position of -3,461 contracts in the data reported through Tuesday. This was a weekly decline of -328 contracts from the previous week which had a total of -3,133 net contracts.

This 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 1.8 percent. The commercials are Bullish-Extreme with a score of 96.9 percent and the small traders (not shown in chart) are Bearish with a score of 36.9 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.4	70.9	15.2
– Percent of Open Interest Shorts:	62.6	20.0	16.9
– Net Position:	-3,461	3,581	-120
– Gross Longs:	943	4,985	1,072
– Gross Shorts:	4,404	1,404	1,192
– Long to Short Ratio:	0.2 to 1	3.6 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	1.8	96.9	36.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.5	8.3	-29.3

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

12 Jun

COT Week 23 Charts: Bond Speculator bets mostly falling this week led by 2-Year & 10-Year Bonds

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 June 7th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Bond market speculator bets were mostly on the lower side this week as only three out of the eight bond markets we cover had higher positioning this week while five markets had lower contracts.

Leading the gains for the COT bonds markets was the Eurodollar (208,714 contracts) and the Fed Funds (29,026 contracts) with the Ultra 10-Year Bond (29,533 contracts) also showing a positive week.

Meanwhile, leading the declines in speculator bets this week were the 2-Year Bond (-42,371 contracts) and the 10-Year Bond (-27,280 contracts) with the Long US Bond (-14,798 contracts), Ultra US Bond (-5,695 contracts) and the 5-Year Bond (-4,759 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the Ultra US Treasury Bond and the US Treasury Bond are above their midpoint levels for the past 3 years while all the other markets are below the 50 percent level. The US Treasury Bond is actually in an extreme-bullish level currently while the Eurodollar and the Ultra 10-Year Note are both in extreme-bearish levels at the moment.

Strength score trends (or move index, that calculate the 6-week changes in strength scores) shows that the 5-Year Bond and the Ultra US Treasury Bond have had the highest rising scores over the past six weeks. On the downside, the 10-Year Bond and the 2-Year Bond have shown the largest downward trends.

Data Snapshot of Bond Market Traders | Columns Legend

Jun-07-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	10,409,834	32	-2,646,502	4	3,023,490	95	-376,988	21
FedFunds	1,568,823	44	54,233	46	-47,932	54	-6,301	44
2-Year	2,002,134	10	-170,489	48	225,040	69	-54,551	26
Long T-Bond	1,193,131	48	4,963	86	-5,633	18	670	53
10-Year	3,469,948	28	-266,187	32	426,524	73	-160,337	42
5-Year	3,784,732	39	-222,547	44	409,463	63	-186,916	30

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week reached a net position of -2,646,502 contracts in the data reported through Tuesday. This was a weekly gain of 208,714 contracts from the previous week which had a total of -2,855,216 net contracts.

This 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 4.2 percent. The commercials are Bullish-Extreme with a score of 95.1 percent and the small traders (not shown in chart) are Bearish with a score of 21.5 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.5	74.1	3.7
– Percent of Open Interest Shorts:	29.0	45.0	7.4
– Net Position:	-2,646,502	3,023,490	-376,988
– Gross Longs:	367,476	7,712,618	389,949
– Gross Shorts:	3,013,978	4,689,128	766,937
– Long to Short Ratio:	0.1 to 1	1.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	4.2	95.1	21.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.3	-3.5	14.9

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week reached a net position of 54,233 contracts in the data reported through Tuesday. This was a weekly boost of 29,026 contracts from the previous week which had a total of 25,207 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.3 percent. The commercials are Bullish with a score of 54.1 percent and the small traders (not shown in chart) are Bearish with a score of 43.7 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.6	74.5	2.6
– Percent of Open Interest Shorts:	6.1	77.5	3.0
– Net Position:	54,233	-47,932	-6,301
– Gross Longs:	149,853	1,168,089	40,470
– Gross Shorts:	95,620	1,216,021	46,771
– Long to Short Ratio:	1.6 to 1	1.0 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	46.3	54.1	43.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.9	-2.8	19.2

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week reached a net position of -170,489 contracts in the data reported through Tuesday. This was a weekly decrease of -42,371 contracts from the previous week which had a total of -128,118 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.8 percent. The commercials are Bullish with a score of 69.1 percent and the small traders (not shown in chart) are Bearish with a score of 25.8 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.0	79.8	7.2
– Percent of Open Interest Shorts:	18.5	68.6	9.9
– Net Position:	-170,489	225,040	-54,551
– Gross Longs:	200,307	1,598,627	143,536
– Gross Shorts:	370,796	1,373,587	198,087
– Long to Short Ratio:	0.5 to 1	1.2 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.8	69.1	25.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.4	9.0	16.5

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week reached a net position of -222,547 contracts in the data reported through Tuesday. This was a weekly decrease of -4,759 contracts from the previous week which had a total of -217,788 net contracts.

This 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 44.2 percent. The commercials are Bullish with a score of 63.2 percent and the small traders (not shown in chart) are Bearish with a score of 29.7 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.5	80.9	7.5
– Percent of Open Interest Shorts:	15.4	70.1	12.4
– Net Position:	-222,547	409,463	-186,916
– Gross Longs:	359,715	3,061,190	283,380
– Gross Shorts:	582,262	2,651,727	470,296
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.2	63.2	29.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.1	-8.7	5.5

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week reached a net position of -266,187 contracts in the data reported through Tuesday. This was a weekly lowering of -27,280 contracts from the previous week which had a total of -238,907 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.0 percent. The commercials are Bullish with a score of 72.6 percent and the small traders (not shown in chart) are Bearish with a score of 41.7 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.6	81.0	8.9
– Percent of Open Interest Shorts:	13.3	68.7	13.5
– Net Position:	-266,187	426,524	-160,337
– Gross Longs:	195,120	2,810,360	307,456
– Gross Shorts:	461,307	2,383,836	467,793
– Long to Short Ratio:	0.4 to 1	1.2 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	32.0	72.6	41.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.6	16.1	3.1

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week reached a net position of -75,834 contracts in the data reported through Tuesday. This was a weekly advance of 29,533 contracts from the previous week which had a total of -105,367 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 9.1 percent. The commercials are Bullish-Extreme with a score of 88.3 percent and the small traders (not shown in chart) are Bearish with a score of 48.9 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.5	81.8	11.1
– Percent of Open Interest Shorts:	11.6	66.7	20.0
– Net Position:	-75,834	187,134	-111,300
– Gross Longs:	67,884	1,015,640	137,608
– Gross Shorts:	143,718	828,506	248,908
– Long to Short Ratio:	0.5 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	9.1	88.3	48.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.5	-3.6	12.2

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week reached a net position of 4,963 contracts in the data reported through Tuesday. This was a weekly lowering of -14,798 contracts from the previous week which had a total of 19,761 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 86.2 percent. The commercials are Bearish-Extreme with a score of 18.3 percent and the small traders (not shown in chart) are Bullish with a score of 53.1 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.5	74.8	14.1
– Percent of Open Interest Shorts:	9.0	75.2	14.0
– Net Position:	4,963	-5,633	670
– Gross Longs:	112,838	892,073	168,164
– Gross Shorts:	107,875	897,706	167,494
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	86.2	18.3	53.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.9	-1.2	15.1

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week reached a net position of -314,973 contracts in the data reported through Tuesday. This was a weekly decrease of -5,695 contracts from the previous week which had a total of -309,278 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.7 percent. The commercials are Bullish with a score of 57.2 percent and the small traders (not shown in chart) are Bearish with a score of 45.6 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.4	83.5	11.7
– Percent of Open Interest Shorts:	28.0	60.7	9.8
– Net Position:	-314,973	290,771	24,202
– Gross Longs:	42,957	1,067,607	149,154
– Gross Shorts:	357,930	776,836	124,952
– Long to Short Ratio:	0.1 to 1	1.4 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.7	57.2	45.6
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.9	-8.7	-8.2

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Financial News

12 Jun

COT Week 23 Charts: Soft Commodities Speculators Positions mostly higher led by Soybean Meal & Live Cattle

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 June 7th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The soft commodities market speculator bets were mostly higher this week as seven out of the eleven soft commodities markets we cover had higher positioning this week while four markets had lower contracts.

Leading the gains for soft commodities markets was Soybean Meal (8,922 contracts) and Live Cattle (5,888 contracts) with Coffee (5,752 contracts), Cocoa (4,341 contracts), Soybean Oil (3,604 contracts), Wheat (1,572 contracts) and Lean Hogs (1,274 contracts) also showing a positive weeks.

Meanwhile, leading the declines in speculator bets this week were Corn (-12,936 contracts) and Soybeans (-9,434 contracts) with Sugar (-6,277 contracts) and Cotton (-2 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Corn and Coffee are in extreme-bullish levels currently. On the opposite position, Live Cattle and Lean Hogs hold extreme-bearish levels while most of the other markets are in strong bullish positions between 50 percent and 80 percent.

Strength score trends (or move index, that show 6-week changes in strength scores) shows that despite the strong strength scores in the blue chart previously, the trends have been cooling off mightily. This chart shows that only Coffee and Wheat have had rising scores over the past six weeks. Live Cattle and Lean Hogs have had strong declines in the trends over the past six weeks followed by Soybean Meal, Soybean Oil and Corn.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-07-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,790,618	10	328,256	8	-369,033	93	40,777	72
Gold	494,130	12	175,268	7	-199,886	95	24,618	18
Silver	148,294	15	17,404	5	-27,990	94	10,586	10
Copper	194,187	22	-3,714	40	879	60	2,835	42
Palladium	7,035	3	-3,461	2	3,581	97	-120	37
Platinum	65,295	31	5,933	12	-9,742	92	3,809	15
Natural Gas	1,127,731	10	-114,342	44	66,419	52	47,923	93
Brent	169,802	16	-36,098	51	34,208	50	1,890	35
Heating Oil	261,651	20	4,886	50	-24,428	45	19,542	66
Soybeans	760,444	35	176,644	68	-148,390	39	-28,254	23
Corn	1,557,167	31	391,264	80	-337,137	24	-54,127	12
Coffee	222,583	15	48,767	81	-51,363	23	2,596	16
Sugar	849,814	12	195,403	77	-234,496	24	39,093	56
Wheat	333,705	12	23,881	50	-19,863	31	-4,018	90

CORN Futures:

The CORN large speculator standing this week equaled a net position of 391,264 contracts in the data reported through Tuesday. This was a weekly reduction of -12,936 contracts from the previous week which had a total of 404,200 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 Bullish-Extreme with a score of 80.0 percent. The commercials are Bearish with a score of 23.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.9 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.4	43.2	8.8
– Percent of Open Interest Shorts:	8.3	64.9	12.3
– Net Position:	391,264	-337,137	-54,127
– Gross Longs:	520,783	673,039	137,311
– Gross Shorts:	129,519	1,010,176	191,438
– Long to Short Ratio:	4.0 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.0	23.9	11.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.6	15.7	-2.2

SUGAR Futures:

The SUGAR large speculator standing this week equaled a net position of 195,403 contracts in the data reported through Tuesday. This was a weekly decline of -6,277 contracts from the previous week which had a total of 201,680 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.8 percent. The commercials are Bearish with a score of 23.7 percent and the small traders (not shown in chart) are Bullish with a score of 56.2 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.7	45.1	10.6
– Percent of Open Interest Shorts:	6.7	72.7	6.0
– Net Position:	195,403	-234,496	39,093
– Gross Longs:	252,688	383,138	90,314
– Gross Shorts:	57,285	617,634	51,221
– Long to Short Ratio:	4.4 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.8	23.7	56.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.6	5.0	0.8

COFFEE Futures:

The COFFEE large speculator standing this week equaled a net position of 48,767 contracts in the data reported through Tuesday. This was a weekly boost of 5,752 contracts from the previous week which had a total of 43,015 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 81.0 percent. The commercials are Bearish with a score of 22.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.0 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.8	48.7	4.1
– Percent of Open Interest Shorts:	3.9	71.8	3.0
– Net Position:	48,767	-51,363	2,596
– Gross Longs:	57,417	108,343	9,164
– Gross Shorts:	8,650	159,706	6,568
– Long to Short Ratio:	6.6 to 1	0.7 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	81.0	22.6	16.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.0	-5.3	-11.4

SOYBEANS Futures:

The SOYBEANS large speculator standing this week equaled a net position of 176,644 contracts in the data reported through Tuesday. This was a weekly reduction of -9,434 contracts from the previous week which had a total of 186,078 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 67.9 percent. The commercials are Bearish with a score of 39.2 percent and the small traders (not shown in chart) are Bearish with a score of 23.3 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.2	47.3	6.5
– Percent of Open Interest Shorts:	7.0	66.8	10.2
– Net Position:	176,644	-148,390	-28,254
– Gross Longs:	229,895	359,587	49,303
– Gross Shorts:	53,251	507,977	77,557
– Long to Short Ratio:	4.3 to 1	0.7 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.9	39.2	23.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.3	8.8	-3.8

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week equaled a net position of 78,645 contracts in the data reported through Tuesday. This was a weekly advance of 3,604 contracts from the previous week which had a total of 75,041 net contracts.

This 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 58.3 percent. The commercials are Bearish with a score of 38.5 percent and the small traders (not shown in chart) are Bullish with a score of 75.4 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.9	48.2	9.2
– Percent of Open Interest Shorts:	7.2	72.1	5.0
– Net Position:	78,645	-95,258	16,613
– Gross Longs:	107,372	192,493	36,684
– Gross Shorts:	28,727	287,751	20,071
– Long to Short Ratio:	3.7 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.3	38.5	75.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.9	17.2	-1.2

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week equaled a net position of 89,676 contracts in the data reported through Tuesday. This was a weekly advance of 8,922 contracts from the previous week which had a total of 80,754 net contracts.

This 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 23.0 percent and the small traders (not shown in chart) are Bullish with a score of 65.9 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.3	43.9	12.2
– Percent of Open Interest Shorts:	4.8	74.2	5.5
– Net Position:	89,676	-115,261	25,585
– Gross Longs:	107,791	167,306	46,628
– Gross Shorts:	18,115	282,567	21,043
– Long to Short Ratio:	6.0 to 1	0.6 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	77.4	23.0	65.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.8	14.0	-1.2

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week equaled a net position of 25,428 contracts in the data reported through Tuesday. This was a weekly increase of 5,888 contracts from the previous week which had a total of 19,540 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 11.3 percent. The commercials are Bullish-Extreme with a score of 80.2 percent and the small traders (not shown in chart) are Bullish with a score of 77.6 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.5	40.5	11.5
– Percent of Open Interest Shorts:	26.9	48.7	11.9
– Net Position:	25,428	-24,212	-1,216
– Gross Longs:	104,585	119,324	33,798
– Gross Shorts:	79,157	143,536	35,014
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.3	80.2	77.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-45.0	38.3	27.7

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week equaled a net position of 10,491 contracts in the data reported through Tuesday. This was a weekly gain of 1,274 contracts from the previous week which had a total of 9,217 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 18.2 percent. The commercials are Bullish-Extreme with a score of 89.8 percent and the small traders (not shown in chart) are Bullish with a score of 58.1 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.3	41.7	9.9
– Percent of Open Interest Shorts:	24.9	43.3	13.6
– Net Position:	10,491	-3,090	-7,401
– Gross Longs:	59,207	81,583	19,271
– Gross Shorts:	48,716	84,673	26,672
– Long to Short Ratio:	1.2 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	18.2	89.8	58.1
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-23.8	27.8	-8.7

COTTON Futures:

The COTTON large speculator standing this week equaled a net position of 70,682 contracts in the data reported through Tuesday. This was a weekly decline of -2 contracts from the previous week which had a total of 70,684 net contracts.

This 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 67.7 percent. The commercials are Bearish with a score of 31.0 percent and the small traders (not shown in chart) are Bullish with a score of 73.4 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	40.9	37.7	8.2
– Percent of Open Interest Shorts:	7.5	75.7	3.6
– Net Position:	70,682	-80,347	9,665
– Gross Longs:	86,609	79,718	17,332
– Gross Shorts:	15,927	160,065	7,667
– Long to Short Ratio:	5.4 to 1	0.5 to 1	2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.7	31.0	73.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.1	7.6	-12.1

COCOA Futures:

The COCOA large speculator standing this week equaled a net position of 14,494 contracts in the data reported through Tuesday. This was a weekly lift of 4,341 contracts from the previous week which had a total of 10,153 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.8 percent. The commercials are Bullish with a score of 68.6 percent and the small traders (not shown in chart) are Bearish with a score of 29.8 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.4	43.9	5.2
– Percent of Open Interest Shorts:	26.3	50.1	4.0
– Net Position:	14,494	-17,823	3,329
– Gross Longs:	89,997	125,905	14,861
– Gross Shorts:	75,503	143,728	11,532
– Long to Short Ratio:	1.2 to 1	0.9 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	31.8	68.6	29.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.0	11.3	-14.6

WHEAT Futures:

The WHEAT large speculator standing this week equaled a net position of 23,881 contracts in the data reported through Tuesday. This was a weekly advance of 1,572 contracts from the previous week which had a total of 22,309 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.1 percent. The commercials are Bearish with a score of 31.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 89.6 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.9	34.8	10.4
– Percent of Open Interest Shorts:	25.7	40.8	11.6
– Net Position:	23,881	-19,863	-4,018
– Gross Longs:	109,678	116,146	34,706
– Gross Shorts:	85,797	136,009	38,724
– Long to Short Ratio:	1.3 to 1	0.9 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.1	31.4	89.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.9	-3.5	1.2

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News Soft Commodities

12 Jun

COT Week 23 Charts: Energy Speculator Positions Mixed led by Brent Crude & Heating Oil

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 June 7th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Energy market speculator bets were mixed this week as three out of the six energy markets we cover had higher positioning this week while three markets had lower contracts. Leading the gains for energy markets was Brent Crude Oil (4,774 contracts) and Heating Oil (4,765 contracts) with Bloomberg Commodity Index (2,178 contracts) also showing a positive week. Meanwhile, leading the declines in speculator bets this week were WTI Crude Oil (-4,720 contracts) and Natural Gas (-3,974 contracts) with Gasoline (-3,202 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the Bloomberg Commodity Index is the highest above its midpoint for the past 3 years while Brent, Heating Oil and Natural Gas are slightly below the 50 percent level.

Strength score trends (or move index, that show 6-week changes in strength scores) shows that Heating Oil and the Bloomberg Commodity Index bets have been rising the strongest over the past six weeks while Gasoline is moving the opposite way.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-07-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,790,618	10	328,256	8	-369,033	93	40,777	72
Gold	494,130	12	175,268	7	-199,886	95	24,618	18
Silver	148,294	15	17,404	5	-27,990	94	10,586	10
Copper	194,187	22	-3,714	40	879	60	2,835	42
Palladium	7,035	3	-3,461	2	3,581	97	-120	37
Platinum	65,295	31	5,933	12	-9,742	92	3,809	15
Natural Gas	1,127,731	10	-114,342	44	66,419	52	47,923	93
Brent	169,802	16	-36,098	51	34,208	50	1,890	35
Heating Oil	261,651	20	4,886	50	-24,428	45	19,542	66
Soybeans	760,444	35	176,644	68	-148,390	39	-28,254	23
Corn	1,557,167	31	391,264	80	-337,137	24	-54,127	12
Coffee	222,583	15	48,767	81	-51,363	23	2,596	16
Sugar	849,814	12	195,403	77	-234,496	24	39,093	56
Wheat	333,705	12	23,881	50	-19,863	31	-4,018	90

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week recorded a net position of 328,256 contracts in the data reported through Tuesday. This was a weekly decrease of -4,720 contracts from the previous week which had a total of 332,976 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 8.2 percent. The commercials are Bullish-Extreme with a score of 92.9 percent and the small traders (not shown in chart) are Bullish with a score of 72.5 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.7	34.8	5.2
– Percent of Open Interest Shorts:	5.3	55.4	2.9
– Net Position:	328,256	-369,033	40,777
– Gross Longs:	423,882	622,320	92,501
– Gross Shorts:	95,626	991,353	51,724
– Long to Short Ratio:	4.4 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	8.2	92.9	72.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.3	-4.2	-2.1

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week recorded a net position of -36,098 contracts in the data reported through Tuesday. This was a weekly increase of 4,774 contracts from the previous week which had a total of -40,872 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.6 percent. The commercials are Bullish with a score of 50.2 percent and the small traders (not shown in chart) are Bearish with a score of 34.8 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.3	51.5	4.4
– Percent of Open Interest Shorts:	36.6	31.4	3.3
– Net Position:	-36,098	34,208	1,890
– Gross Longs:	26,009	87,488	7,434
– Gross Shorts:	62,107	53,280	5,544
– Long to Short Ratio:	0.4 to 1	1.6 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.6	50.2	34.8
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.1	-2.3	-14.1

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week recorded a net position of -114,342 contracts in the data reported through Tuesday. This was a weekly decrease of -3,974 contracts from the previous week which had a total of -110,368 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.3 percent. The commercials are Bullish with a score of 51.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 93.5 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.8	37.2	6.8
– Percent of Open Interest Shorts:	31.0	31.3	2.6
– Net Position:	-114,342	66,419	47,923
– Gross Longs:	235,073	419,847	76,779
– Gross Shorts:	349,415	353,428	28,856
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.3	51.8	93.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.9	-1.6	4.6

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week recorded a net position of 30,488 contracts in the data reported through Tuesday. This was a weekly decrease of -3,202 contracts from the previous week which had a total of 33,690 net contracts.

This 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 1.2 percent. The commercials are Bullish-Extreme with a score of 95.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.5 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.6	52.7	8.0
– Percent of Open Interest Shorts:	14.7	66.2	4.3
– Net Position:	30,488	-41,866	11,378
– Gross Longs:	75,841	162,330	24,623
– Gross Shorts:	45,353	204,196	13,245
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	1.2	95.2	88.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.9	6.4	16.0

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week recorded a net position of 4,886 contracts in the data reported through Tuesday. This was a weekly rise of 4,765 contracts from the previous week which had a total of 121 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.6 percent. The commercials are Bearish with a score of 45.3 percent and the small traders (not shown in chart) are Bullish with a score of 66.1 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.3	49.5	17.5
– Percent of Open Interest Shorts:	15.4	58.9	10.1
– Net Position:	4,886	-24,428	19,542
– Gross Longs:	45,231	129,588	45,902
– Gross Shorts:	40,345	154,016	26,360
– Long to Short Ratio:	1.1 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	49.6	45.3	66.1
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.2	-9.7	-9.1

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week recorded a net position of -8,383 contracts in the data reported through Tuesday. This was a weekly increase of 2,178 contracts from the previous week which had a total of -10,561 net contracts.

This 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 23.5 percent and the small traders (not shown in chart) are Bearish with a score of 37.9 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.5	62.0	1.5
– Percent of Open Interest Shorts:	45.0	51.3	0.8
– Net Position:	-8,383	7,865	518
– Gross Longs:	24,512	45,368	1,126
– Gross Shorts:	32,895	37,503	608
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.4	23.5	37.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.8	-10.2	-6.8

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Financial News

04 Jun

Euro Currency Speculators continue to boost their bullish bets for 4th Week

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

The latest COT data is updated through Tuesday May 31st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the further gains in bullish bets for the Euro currency futures contracts. Euro speculators boosted their bullish bets for a fourth straight week this week and for the sixth time in the past ten weeks. Over the past four-week time-frame, Euro bets have risen by a total of +58,650 contracts, going from -6,378 net positions on May 3rd to a total of +52,272 net positions this week. This week marks the highest Euro speculator standing in the past twelve weeks.

The recent improvement in Euro positions has taken place with a very strong change in sentiment as just four weeks ago the overall position had fallen into bearish territory. The Euro sentiment has been so bad that analysts have been making predictions for an inevitable decline of the Euro into parity versus the dollar. However, recently there has been rising expectations that the European Central Bank will be more hawkish towards interest rates in the near future (despite the weak outlook for EU GDP growth) and will end their negative interest rate policy.

Over the past few weeks, the EUR/USD exchange rate has rebounded after falling to a multi-year low of 1.0350 in early May. This week the EUR/USD hit a weekly high of 1.0787 before closing at the 1.0719 exchange rate.

Overall, the currencies with higher speculator bets this week were the Euro (13,342 contracts), Brazil real (6,602 contracts), British pound sterling (6,267 contracts), Canadian dollar (5,680 contracts), Mexican peso (5,657 contracts), Japanese yen (5,005 contracts) and the New Zealand dollar (597 contracts).

The currencies with declining bets were the US Dollar Index (-501 contracts), Australian dollar (-3,236 contracts), Swiss franc (-785 contracts) and Bitcoin (-446 contracts).

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that most of the currency markets are below their midpoint (50 percent) of the last 3 years. The Brazil Real, US Dollar Index and Bitcoin are currently in extreme bullish levels.

Strength score trends (or move index, that show 6-week changes in strength scores) shows the recent strong weakness in the commodity currencies (AUD, NZD and CAD) as well as the Swiss franc.

Data Snapshot of Forex Market Traders | Columns Legend

May-31-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	63,863	98	37,538	91	-41,327	6	3,789	58
EUR	706,317	85	52,272	51	-85,186	52	32,914	29
GBP	252,881	72	-74,105	21	87,172	81	-13,067	29
JPY	239,080	81	-94,439	11	105,049	87	-10,610	32
CHF	49,579	40	-20,458	10	29,851	87	-9,393	26
CAD	135,929	21	-7,007	34	-327	68	7,334	44
AUD	153,661	48	-48,682	40	51,128	57	-2,446	46
NZD	55,134	53	-18,724	40	21,374	63	-2,650	21
MXN	212,843	55	35,449	42	-40,143	56	4,694	63
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	74,146	73	45,316	95	-47,670	5	2,354	92
Bitcoin	10,900	58	403	92	-503	0	100	15

US Dollar Index Futures:

The US Dollar Index large speculator standing this week came in at a net position of 37,538 contracts in the data reported through Tuesday. This was a weekly decrease of -501 contracts from the previous week which had a total of 38,039 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 90.5 percent. The commercials are Bearish-Extreme with a score of 5.9 percent and the small traders (not shown in chart) are Bullish with a score of 58.0 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	85.9	3.7	8.8
– Percent of Open Interest Shorts:	27.1	68.4	2.8
– Net Position:	37,538	-41,327	3,789
– Gross Longs:	54,859	2,355	5,605
– Gross Shorts:	17,321	43,682	1,816
– Long to Short Ratio:	3.2 to 1	0.1 to 1	3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	90.5	5.9	58.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.6	-9.0	5.2

Euro Currency Futures:

The Euro Currency large speculator standing this week came in at a net position of 52,272 contracts in the data reported through Tuesday. This was a weekly rise of 13,342 contracts from the previous week which had a total of 38,930 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.0 percent. The commercials are Bullish with a score of 51.9 percent and the small traders (not shown in chart) are Bearish with a score of 28.9 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.5	51.7	12.3
– Percent of Open Interest Shorts:	26.1	63.8	7.7
– Net Position:	52,272	-85,186	32,914
– Gross Longs:	236,553	365,434	87,138
– Gross Shorts:	184,281	450,620	54,224
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.0	51.9	28.9
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.4	-10.1	24.0

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week came in at a net position of -74,105 contracts in the data reported through Tuesday. This was a weekly gain of 6,267 contracts from the previous week which had a total of -80,372 net contracts.

This 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 20.6 percent. The commercials are Bullish-Extreme with a score of 81.2 percent and the small traders (not shown in chart) are Bearish with a score of 28.6 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.2	76.6	7.7
– Percent of Open Interest Shorts:	41.5	42.2	12.9
– Net Position:	-74,105	87,172	-13,067
– Gross Longs:	30,788	193,786	19,446
– Gross Shorts:	104,893	106,614	32,513
– Long to Short Ratio:	0.3 to 1	1.8 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	20.6	81.2	28.6
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.9	8.4	1.9

Japanese Yen Futures:

The Japanese Yen large speculator standing this week came in at a net position of -94,439 contracts in the data reported through Tuesday. This was a weekly increase of 5,005 contracts from the previous week which had a total of -99,444 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.7 percent. The commercials are Bullish-Extreme with a score of 86.9 percent and the small traders (not shown in chart) are Bearish with a score of 31.9 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.4	82.2	9.5
– Percent of Open Interest Shorts:	45.9	38.3	13.9
– Net Position:	-94,439	105,049	-10,610
– Gross Longs:	15,201	196,584	22,605
– Gross Shorts:	109,640	91,535	33,215
– Long to Short Ratio:	0.1 to 1	2.1 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.7	86.9	31.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.9	-12.1	24.5

Swiss Franc Futures:

The Swiss Franc large speculator standing this week came in at a net position of -20,458 contracts in the data reported through Tuesday. This was a weekly lowering of -785 contracts from the previous week which had a total of -19,673 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.3 percent. The commercials are Bullish-Extreme with a score of 87.0 percent and the small traders (not shown in chart) are Bearish with a score of 25.7 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.3	75.6	17.3
– Percent of Open Interest Shorts:	46.6	15.4	36.3
– Net Position:	-20,458	29,851	-9,393
– Gross Longs:	2,641	37,473	8,596
– Gross Shorts:	23,099	7,622	17,989
– Long to Short Ratio:	0.1 to 1	4.9 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.3	87.0	25.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.5	10.4	7.5

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week came in at a net position of -7,007 contracts in the data reported through Tuesday. This was a weekly boost of 5,680 contracts from the previous week which had a total of -12,687 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.7 percent. The commercials are Bullish with a score of 68.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.4 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.5	51.5	24.0
– Percent of Open Interest Shorts:	27.6	51.7	18.6
– Net Position:	-7,007	-327	7,334
– Gross Longs:	30,520	70,006	32,660
– Gross Shorts:	37,527	70,333	25,326
– Long to Short Ratio:	0.8 to 1	1.0 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	33.7	68.5	44.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-30.7	32.5	-21.5

Australian Dollar Futures:

The Australian Dollar large speculator standing this week came in at a net position of -48,682 contracts in the data reported through Tuesday. This was a weekly decline of -3,236 contracts from the previous week which had a total of -45,446 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.7 percent. The commercials are Bullish with a score of 57.0 percent and the small traders (not shown in chart) are Bearish with a score of 46.5 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.4	63.1	12.8
– Percent of Open Interest Shorts:	53.1	29.9	14.4
– Net Position:	-48,682	51,128	-2,446
– Gross Longs:	32,897	97,031	19,659
– Gross Shorts:	81,579	45,903	22,105
– Long to Short Ratio:	0.4 to 1	2.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.7	57.0	46.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.4	22.6	-25.6

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week came in at a net position of -18,724 contracts in the data reported through Tuesday. This was a weekly boost of 597 contracts from the previous week which had a total of -19,321 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.8 percent. The commercials are Bullish with a score of 63.3 percent and the small traders (not shown in chart) are Bearish with a score of 21.5 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.6	76.2	5.0
– Percent of Open Interest Shorts:	50.6	37.4	9.8
– Net Position:	-18,724	21,374	-2,650
– Gross Longs:	9,179	42,010	2,762
– Gross Shorts:	27,903	20,636	5,412
– Long to Short Ratio:	0.3 to 1	2.0 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.8	63.3	21.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-32.0	32.2	-20.4

Mexican Peso Futures:

The Mexican Peso large speculator standing this week came in at a net position of 35,449 contracts in the data reported through Tuesday. This was a weekly rise of 5,657 contracts from the previous week which had a total of 29,792 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.5 percent. The commercials are Bullish with a score of 56.1 percent and the small traders (not shown in chart) are Bullish with a score of 62.9 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.8	41.8	3.5
– Percent of Open Interest Shorts:	37.1	60.6	1.3
– Net Position:	35,449	-40,143	4,694
– Gross Longs:	114,480	88,894	7,396
– Gross Shorts:	79,031	129,037	2,702
– Long to Short Ratio:	1.4 to 1	0.7 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.5	56.1	62.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.9	-5.8	0.6

Brazilian Real Futures:

The Brazilian Real large speculator standing this week came in at a net position of 45,316 contracts in the data reported through Tuesday. This was a weekly gain of 6,602 contracts from the previous week which had a total of 38,714 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.9 percent. The commercials are Bearish-Extreme with a score of 4.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.3 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	71.3	22.4	5.9
– Percent of Open Interest Shorts:	10.2	86.7	2.7
– Net Position:	45,316	-47,670	2,354
– Gross Longs:	52,896	16,595	4,372
– Gross Shorts:	7,580	64,265	2,018
– Long to Short Ratio:	7.0 to 1	0.3 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.9	4.8	92.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.7	-0.6	-1.6

Bitcoin Futures:

The Bitcoin large speculator standing this week came in at a net position of 403 contracts in the data reported through Tuesday. This was a weekly decline of -446 contracts from the previous week which had a total of 849 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.5 percent. The commercials are Bearish with a score of 23.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.2 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	79.6	1.5	9.5
– Percent of Open Interest Shorts:	75.9	6.1	8.6
– Net Position:	403	-503	100
– Gross Longs:	8,680	159	1,033
– Gross Shorts:	8,277	662	933
– Long to Short Ratio:	1.0 to 1	0.2 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.5	23.2	15.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.3	-20.4	-6.1

Article By InvestMacro – Receive our weekly COT Reports by Email

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