InvestMacro

December 10th – By CountingPips.com – Receive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators sharply increased their bullish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday which was a delay due to former President George H.W. Bush’s funeral last week.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 49,001 contracts in the data reported through Tuesday December 4th. This was a weekly boost of 47,130 net contracts from the previous week which had a total of 1,871 net contracts.

The week’s net position was the result of the gross bullish position going up by 16,240 contracts to a weekly total of 173,019 contracts compared to the gross bearish position which saw a lowering by -30,890 contracts for the week to a total of 124,018 contracts.

The speculative net position has increased for two out of the past three weeks and last week hit the largest gain in seven weeks. The current standing is now at the most bullish level since July 17th when the net position totaled 57,841 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -58,249 contracts on the week. This was a weekly decline of -42,149 contracts from the total net of -16,100 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1246.60 which was a rise of $26.70 from the previous close of $1219.90, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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

December 10th – By CountingPips.com – Receive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bearish net positions in the Silver futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday which was a delay due to former President George H.W. Bush’s funeral last week.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of -635 contracts in the data reported through Tuesday December 4th. This was a weekly change of 10,331 net contracts from the previous week which had a total of -10,966 net contracts.

This week’s net position was the result of the gross bullish position advancing by 1,501 contracts to a weekly total of 69,314 contracts compared to the gross bearish position which saw a decrease by -8,830 contracts for the week to a total of 69,949 contracts.

The weekly gain of over +10,000 net contracts marked the best week since June and brought the overall net position to the best level since August 7th when the position was last in bullish territory (+4,341 contracts).

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -15,418 contracts on the week. This was a weekly decline of -6,577 contracts from the total net of -8,841 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1464.00 which was a gain of $41.90 from the previous close of $1422.10, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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

December 10th – By CountingPips.com – Receive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators very slightly decreased their bullish net positions in the Copper futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday which was a delay due to former President George H.W. Bush’s funeral last week.

The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 10,683 contracts in the data reported through Tuesday December 4th. This was a weekly fall of -9 net contracts from the previous week which had a total of 10,692 net contracts.

The week’s net position was the result of the gross bullish position declining by -1,394 contracts to a weekly total of 75,348 contracts compared to the gross bearish position total of 64,665 contracts which saw a decline by -1,385 contracts for the week.

The speculative position has seen a slight pull back over the past two weeks. The current spec standing remains right around the +10,000 net contract level for a third straight week and has now been in bullish territory for eleven straight weeks.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -11,853 contracts on the week. This was a weekly fall of -1,617 contracts from the total net of -10,236 contracts reported the previous week.

Copper Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $275.90 which was a boost of $3.30 from the previous close of $272.60, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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

December 1st 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators continued to decrease their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 348,121 contracts in the data reported through Tuesday November 27th. This was a weekly reduction of -19,066 net contracts from the previous week which had a total of 367,187 net contracts.

This week’s net position was the result of the gross bullish position sliding by -17,170 contracts to a weekly total of 511,679 contracts compared to the gross bearish position which saw a gain by 1,896 contracts for the week to a total of 163,558 contracts.

The speculative position has now fallen for nine straight weeks and by a total of -211,964 contracts over that time-frame. The current standing is at the lowest level since July 3rd of 2017 when the net position totaled 341,047 contracts.

WTI Crude Oil Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -373,215 contracts on the week. This was a weekly gain of 23,175 contracts from the total net of -396,390 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $51.56 which was a drop of $-1.87 from the previous close of $53.43, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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

December 1st 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 1,871 contracts in the data reported through Tuesday November 27th. This was a weekly fall of -7,025 net contracts from the previous week which had a total of 8,896 net contracts.

This week’s net position was the result of the gross bullish position tumbling by -8,727 contracts to a weekly total of 156,779 contracts compared to the gross bearish position which fell by just -1,702 contracts for the week to a total of 154,908 contracts .

The net speculative position has now declined for two out of the past three weeks and into a very small bullish position. The current standing is at its lowest level since it was in bearish territory two weeks ago.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -16,100 contracts on the week. This was a weekly gain of 7,040 contracts from the total net of -23,140 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1219.90 which was a drop of $-1.30 from the previous close of $1221.20, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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