Archive for Opinions

Chris Vermeulen’s Technical Trader Tip Of The Week – September 27, 2021

By TheTechnicalTraders 

Join Chris as he talks about the energy sector coming to life recently. Energy stocks are starting on a verge of a break out to the upside this week.

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Disney – Flexing Its Pricing Power Muscle

By Ino.com

– Disney (DIS) has been the sweet spot of capitalizing on the pent-up post-pandemic consumer wave of travel and spending while being the new and preferred stay-at-home content provider via Disney Plus. Over the past couple of years, Disney has rolled out and refined its wildly successful array of streaming initiatives that catered to the stay-at-home economy during the pandemic. These streaming efforts have transformed Disney’s business model, which its legacy businesses will further bolster as the world economy prospects continue to improve and reopen. Taken together, Disney has set itself up to benefit across the board with its streaming initiatives firing on all cylinders and theme parks coming back online. The company has been posting phenomenal streaming numbers that have negated the negative pandemic impact on its theme parks. This streaming-specific narrative will change as the theme park revenue comes back online and flows into the company’s earnings. Due to the tremendous success of Disney Plus, the company is now flexing its pricing power muscle and put through pricing increases on its streaming platform. This pricing power speaks to the value of Disney Plus as a standalone streaming platform while expanding its margins on this new business vertical. Disney presents a compelling buy for long-term investors as its legacy business segments get back online in conjunction with its wildly successful streaming initiatives, all of which have more pricing power down the road.

Pricing Power Flexing

Disney recently pushed through another price increase on its monthly subscription tier for its Hulu offerings. This is on top of price increases that it pushed through on its Disney Plus subscription earlier this year. Clearly, the Disney streaming platforms possess pricing power as the adoption of these steaming properties by consumers becomes more widespread. Part and parcel with these price increases is margin expansion and increased revenue. Disney has forecasted that its Disney Plus streaming platform will have up to 260 million subscribers by 2040. Thus, even marginal price increases will translate into meaningful revenue windfalls for the years to come.

Streaming and Theme Park Synergy

The company continues to exceed all expectations in the streaming space accelerated by the stay-at-home pandemic backdrop. Disney’s streaming initiatives have been major growth catalysts for the company. Disney+ growth in its subscriber base has shifted the conversation from pandemic impact on its theme parks to a durable and sustainable recurring revenue model. This streaming bright spot in conjunction with its park and resorts coming back online has been a perfect combination as of late, especially with widespread vaccinations. Disney+ has racked up 94.9 million paid subscribers, Hulu has 39.4 million paid subscribers, and ESPN+ has 12.1 million paid subscribers. Collectively, Disney (DIS) now has over 146 million paid streaming subscribers across its platforms. Disney+ has been wildly successful via unleashing all its Marvel, Star Wars, Disney, and Pixar libraries in what has become a formidable competitor in the ever-expanding streaming wars domestically and internationally. Hence Disney’s stock performance during the pandemic as its theme parks was shuttered.

Post-Pandemic and Box Office

Disney’s business segments are coming back online as the pandemic subsides worldwide with widespread vaccinations. Even the Box Office is showing life with Disney’s successful post-pandemic releases of Black Window and Shang-Chi. Disney’s theme parks are reopening, as seen with phased reopening efforts and mask mandates being lifted. Inevitably, movie productions will resume, movie theaters and theme parks will reopen to full capacity, and sports will return to pre-pandemic formats. The resumption of these activities will feed into Disney’s legacy businesses in conjunction with its massive streaming successes. Disney continues to dominate the box office year after year with a long pipeline of blockbusters in the queue. Its parks and resorts continue to be a growth avenue with tremendous pricing power. In addition, Disney is going all-in on the streaming front and acquired full ownership of Hulu, and the company has launched its Disney+ streaming service with tremendous success.

Conclusion

Disney (DIS) has successfully shifted its business model to a subscription-based service that produces a durable, sustainable, and predictable revenue stream via its streaming initiatives. These streaming properties possess tremendous pricing power over the years to come. As a result, the company has shifted the narrative from pandemic challenges to a focus on becoming a streaming juggernaut with over 146 million paid subscribers across its various platforms. Against the backdrop, its legacy business segments are ready to regain their footing as the pandemic subsides via widespread vaccinations. We have already seen the box office come alive with Disney’s Black Widow and Chung-Chi successes. All the initiatives that Disney has taken over the previous few years to remediate its business and restore growth appear to be coming to fruition via its Fox acquisition and its streaming initiatives. Disney continues to invest heavily into its streaming services (Hulu, ESPN Plus, and Disney+) to propel its growth and dominance in the streaming space. The company is evolving to meet the new age of media consumption demands via streaming and on-demand content. Disney’s streaming initiatives will continue to be major growth catalysts moving forward. Disney is a compelling buy as its legacy theme park business comes back online in conjunction with its streaming initiatives.

Noah Kiedrowski
INO.com Contributor

Disclosure: The author holds shares in AAPL, AMZN, DIA, GOOGL, JPM, MSFT, QQQ, SPY, and USO. He may engage in options trading in any of the underlying securities. The author has no business relationship with any companies mentioned in this article. He is not a professional financial advisor or tax professional. This article reflects his own opinions. This article is not intended to be a recommendation to buy or sell any stock or ETF mentioned. Kiedrowski is an individual investor who analyzes investment strategies and disseminates analyses. Kiedrowski encourages all investors to conduct their own research and due diligence prior to investing. Please feel free to comment and provide feedback, the author values all responses. The author is the founder of www.stockoptionsdad.com where options are a bet on where stocks won’t go, not where they will. Where high probability options trading for consistent income and risk mitigation thrives in both bull and bear markets. For more engaging, short duration options based content, visit stockoptionsdad’s YouTube channel.

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Source: Disney – Flexing Its Pricing Power Muscle

 

COT Forex Futures Charts: US Dollar, Euro, Aussie, Yen, Pound, Swiss Franc, Peso, Bitcoin

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

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

The latest COT data is updated through Tuesday September 21st 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.


Data Snapshot of Forex Market Traders | Columns Legend
Sep-21-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
USD Index45,9345825,10069-30,394245,29494
EUR663,5197112,09539-44,2496332,15431
GBP159,90813-218741,07330-85554
JPY191,21354-56,0713666,59466-10,52329
CHF56,83837-9,2175424,49758-15,28018
CAD118,5289-27,8773218,854639,02360
AUD185,49272-85,5840102,302100-16,71815
NZD36,691188,10285-9,221161,11966
MXN169,89833-19,015515,340943,67559
RUB53,6295918,23357-19,757401,52486
BRL23,390205,77276-6,787241,01579
Bitcoin7,34838-1,0257526099923

US Dollar Index Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe US Dollar Index large speculator standing this week came in at a net position of 25,100 contracts in the data reported through Tuesday. This was a weekly advance of 827 contracts from the previous week which had a total of 24,273 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.1 percent. The commercials are Bearish with a score of 24.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.2 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 80.3 1.8 15.3
– Percent of Open Interest Shorts: 25.7 68.0 3.7
– Net Position: 25,100 -30,394 5,294
– Gross Longs: 36,883 849 7,006
– Gross Shorts: 11,783 31,243 1,712
– Long to Short Ratio: 3.1 to 1 0.0 to 1 4.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 69.1 24.1 94.2
– COT Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 10.0 -10.6 8.6

 


Euro Currency Futures:

2-Year Treasury Bonds Futures COT ChartThe Euro Currency large speculator standing this week came in at a net position of 12,095 contracts in the data reported through Tuesday. This was a weekly decrease of -15,710 contracts from the previous week which had a total of 27,805 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.7 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 30.9 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 28.5 57.4 12.9
– Percent of Open Interest Shorts: 26.7 64.1 8.0
– Net Position: 12,095 -44,249 32,154
– Gross Longs: 189,406 381,122 85,507
– Gross Shorts: 177,311 425,371 53,353
– Long to Short Ratio: 1.1 to 1 0.9 to 1 1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 38.7 63.2 30.9
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.7 7.3 -6.4

 


British Pound Sterling Futures:

5-Year Treasury Bonds Futures COT ChartThe British Pound Sterling large speculator standing this week came in at a net position of -218 contracts in the data reported through Tuesday. This was a weekly decrease of -5,008 contracts from the previous week which had a total of 4,790 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.8 percent. The commercials are Bearish with a score of 30.3 percent and the small traders (not shown in chart) are Bullish with a score of 53.9 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.5 49.6 16.4
– Percent of Open Interest Shorts: 32.6 48.9 16.9
– Net Position: -218 1,073 -855
– Gross Longs: 51,910 79,287 26,218
– Gross Shorts: 52,128 78,214 27,073
– Long to Short Ratio: 1.0 to 1 1.0 to 1 1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 73.8 30.3 53.9
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.3 6.1 -6.3

 


Japanese Yen Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe Japanese Yen large speculator standing this week came in at a net position of -56,071 contracts in the data reported through Tuesday. This was a weekly advance of 4,224 contracts from the previous week which had a total of -60,295 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 35.7 percent. The commercials are Bullish with a score of 66.1 percent and the small traders (not shown in chart) are Bearish with a score of 29.2 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 11.9 76.7 10.3
– Percent of Open Interest Shorts: 41.3 41.9 15.8
– Net Position: -56,071 66,594 -10,523
– Gross Longs: 22,844 146,680 19,685
– Gross Shorts: 78,915 80,086 30,208
– Long to Short Ratio: 0.3 to 1 1.8 to 1 0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 35.7 66.1 29.2
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.8 -7.9 25.6

 


Swiss Franc Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Swiss Franc large speculator standing this week came in at a net position of -9,217 contracts in the data reported through Tuesday. This was a weekly reduction of -3,339 contracts from the previous week which had a total of -5,878 net contracts.

This 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 53.9 percent. The commercials are Bullish with a score of 58.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.5 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 13.1 70.7 15.8
– Percent of Open Interest Shorts: 29.3 27.6 42.7
– Net Position: -9,217 24,497 -15,280
– Gross Longs: 7,447 40,201 9,004
– Gross Shorts: 16,664 15,704 24,284
– Long to Short Ratio: 0.4 to 1 2.6 to 1 0.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 53.9 58.4 18.5
– COT Index Reading (3 Year Range): Bullish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -33.0 25.5 -10.8

 


Canadian Dollar Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe Canadian Dollar large speculator standing this week came in at a net position of -27,877 contracts in the data reported through Tuesday. This was a weekly fall of -18,594 contracts from the previous week which had a total of -9,283 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.8 percent. The commercials are Bullish with a score of 63.5 percent and the small traders (not shown in chart) are Bullish with a score of 60.4 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 16.0 54.2 27.9
– Percent of Open Interest Shorts: 39.5 38.3 20.3
– Net Position: -27,877 18,854 9,023
– Gross Longs: 18,954 64,253 33,096
– Gross Shorts: 46,831 45,399 24,073
– Long to Short Ratio: 0.4 to 1 1.4 to 1 1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 31.8 63.5 60.4
– COT Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -28.6 25.7 -10.1

 


Australian Dollar Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe Australian Dollar large speculator standing this week came in at a net position of -85,584 contracts in the data reported through Tuesday. This was a weekly decline of -2,201 contracts from the previous week which had a total of -83,383 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 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 14.8 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 13.3 76.4 7.7
– Percent of Open Interest Shorts: 59.5 21.2 16.7
– Net Position: -85,584 102,302 -16,718
– Gross Longs: 24,746 141,655 14,298
– Gross Shorts: 110,330 39,353 31,016
– Long to Short Ratio: 0.2 to 1 3.6 to 1 0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 0.0 100.0 14.8
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -35.6 29.8 -4.2

 


New Zealand Dollar Futures:

Eurodollar Bonds Futures COT ChartThe New Zealand Dollar large speculator standing this week came in at a net position of 8,102 contracts in the data reported through Tuesday. This was a weekly advance of 1,896 contracts from the previous week which had a total of 6,206 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 84.9 percent. The commercials are Bearish-Extreme with a score of 16.2 percent and the small traders (not shown in chart) are Bullish with a score of 65.7 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 53.7 30.0 13.3
– Percent of Open Interest Shorts: 31.6 55.1 10.2
– Net Position: 8,102 -9,221 1,119
– Gross Longs: 19,703 11,012 4,873
– Gross Shorts: 11,601 20,233 3,754
– Long to Short Ratio: 1.7 to 1 0.5 to 1 1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 84.9 16.2 65.7
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 15.3 -16.6 18.1

 


Mexican Peso Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Mexican Peso large speculator standing this week came in at a net position of -19,015 contracts in the data reported through Tuesday. This was a weekly reduction of -3,163 contracts from the previous week which had a total of -15,852 net contracts.

This 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 5.2 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 58.6 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 52.2 43.3 3.9
– Percent of Open Interest Shorts: 63.4 34.3 1.7
– Net Position: -19,015 15,340 3,675
– Gross Longs: 88,733 73,538 6,561
– Gross Shorts: 107,748 58,198 2,886
– Long to Short Ratio: 0.8 to 1 1.3 to 1 2.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 5.2 93.7 58.6
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.4 -2.9 4.6

 


Brazilian Real Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe Brazilian Real large speculator standing this week came in at a net position of 5,772 contracts in the data reported through Tuesday. This was a weekly reduction of -1,222 contracts from the previous week which had a total of 6,994 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.3 percent. The commercials are Bearish with a score of 24.4 percent and the small traders (not shown in chart) are Bullish with a score of 79.1 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 57.5 30.1 12.4
– Percent of Open Interest Shorts: 32.8 59.1 8.1
– Net Position: 5,772 -6,787 1,015
– Gross Longs: 13,443 7,036 2,911
– Gross Shorts: 7,671 13,823 1,896
– Long to Short Ratio: 1.8 to 1 0.5 to 1 1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 76.3 24.4 79.1
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -19.8 20.8 -10.4

 


Russian Ruble Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe Russian Ruble large speculator standing this week came in at a net position of 18,233 contracts in the data reported through Tuesday. This was a weekly decline of -1,990 contracts from the previous week which had a total of 20,223 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.5 percent. The commercials are Bearish with a score of 40.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.2 percent.

RUSSIAN RUBLE Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 52.0 43.5 4.5
– Percent of Open Interest Shorts: 18.0 80.3 1.6
– Net Position: 18,233 -19,757 1,524
– Gross Longs: 27,871 23,314 2,391
– Gross Shorts: 9,638 43,071 867
– Long to Short Ratio: 2.9 to 1 0.5 to 1 2.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 56.5 40.3 86.2
– COT Index Reading (3 Year Range): Bullish Bearish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 17.8 -17.5 3.2

 


Bitcoin Futures:

Eurodollar Bonds Futures COT ChartThe Bitcoin large speculator standing this week came in at a net position of -1,025 contracts in the data reported through Tuesday. This was a weekly advance of 162 contracts from the previous week which had a total of -1,187 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 Bullish with a score of 75.1 percent. The commercials are Bearish with a score of 36.6 percent and the small traders (not shown in chart) are Bearish with a score of 22.5 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 59.6 5.3 25.1
– Percent of Open Interest Shorts: 73.5 5.0 11.5
– Net Position: -1,025 26 999
– Gross Longs: 4,376 390 1,845
– Gross Shorts: 5,401 364 846
– Long to Short Ratio: 0.8 to 1 1.1 to 1 2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 75.1 36.6 22.5
– COT Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.2 -6.5 -0.6

 


Article By InvestMacro.comReceive 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).

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

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

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

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

The latest COT data is updated through Tuesday September 21st 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.


Data Snapshot of Bond Market Traders | Columns Legend
Sep-21-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
Eurodollar12,141,88658-782,27437907,78356-125,50986
FedFunds1,118,97611-86,0542995,80572-9,75144
2-Year1,925,8263-30,4018612,6312017,77038
Long T-Bond1,208,30753-88,2716276,4534411,81862
10-Year3,934,3026061,22188168,16035-229,38113
5-Year3,563,94724-147,42375285,85935-138,43613

3-Month Eurodollars Futures:

Eurodollar Bonds Futures COT ChartThe 3-Month Eurodollars large speculator standing this week came in at a net position of -782,274 contracts in the data reported through Tuesday. This was a weekly fall of -178,118 contracts from the previous week which had a total of -604,156 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 36.9 percent. The commercials are Bullish with a score of 56.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.4 percent.

3-Month Eurodollars Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 14.0 60.7 5.0
– Percent of Open Interest Shorts: 20.4 53.2 6.0
– Net Position: -782,274 907,783 -125,509
– Gross Longs: 1,694,812 7,368,621 603,851
– Gross Shorts: 2,477,086 6,460,838 729,360
– Long to Short Ratio: 0.7 to 1 1.1 to 1 0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 36.9 56.5 86.4
– COT Index Reading (3 Year Range): Bearish Bullish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -2.6 1.3 8.1

 


30-Day Federal Funds Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe 30-Day Federal Funds large speculator standing this week came in at a net position of -86,054 contracts in the data reported through Tuesday. This was a weekly reduction of -7,726 contracts from the previous week which had a total of -78,328 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.0 percent. The commercials are Bullish with a score of 71.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.3 percent.

30-Day Federal Funds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.3 76.2 2.2
– Percent of Open Interest Shorts: 13.0 67.6 3.0
– Net Position: -86,054 95,805 -9,751
– Gross Longs: 59,411 852,761 24,091
– Gross Shorts: 145,465 756,956 33,842
– Long to Short Ratio: 0.4 to 1 1.1 to 1 0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 29.0 71.5 44.3
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.5 0.4 1.5

 


2-Year Treasury Note Futures:

2-Year Treasury Bonds Futures COT ChartThe 2-Year Treasury Note large speculator standing this week came in at a net position of -30,401 contracts in the data reported through Tuesday. This was a weekly decrease of -5,768 contracts from the previous week which had a total of -24,633 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.6 percent. The commercials are Bearish-Extreme with a score of 19.9 percent and the small traders (not shown in chart) are Bearish with a score of 38.2 percent.

2-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 19.8 70.6 7.8
– Percent of Open Interest Shorts: 21.4 69.9 6.9
– Net Position: -30,401 12,631 17,770
– Gross Longs: 381,770 1,359,060 151,059
– Gross Shorts: 412,171 1,346,429 133,289
– Long to Short Ratio: 0.9 to 1 1.0 to 1 1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 85.6 19.9 38.2
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -14.4 11.3 3.8

 


5-Year Treasury Note Futures:

5-Year Treasury Bonds Futures COT ChartThe 5-Year Treasury Note large speculator standing this week came in at a net position of -147,423 contracts in the data reported through Tuesday. This was a weekly lowering of -123,057 contracts from the previous week which had a total of -24,366 net contracts.

This 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 74.6 percent. The commercials are Bearish with a score of 35.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.7 percent.

5-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.4 76.1 8.1
– Percent of Open Interest Shorts: 16.5 68.1 12.0
– Net Position: -147,423 285,859 -138,436
– Gross Longs: 442,132 2,713,555 289,472
– Gross Shorts: 589,555 2,427,696 427,908
– Long to Short Ratio: 0.7 to 1 1.1 to 1 0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 74.6 35.1 12.7
– COT Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -10.6 9.4 -1.9

 


10-Year Treasury Note Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe 10-Year Treasury Note large speculator standing this week came in at a net position of 61,221 contracts in the data reported through Tuesday. This was a weekly decrease of -68,202 contracts from the previous week which had a total of 129,423 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.7 percent. The commercials are Bearish with a score of 35.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.5 percent.

10-Year Treasury Note Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 19.8 69.5 8.6
– Percent of Open Interest Shorts: 18.3 65.2 14.4
– Net Position: 61,221 168,160 -229,381
– Gross Longs: 780,822 2,732,956 337,429
– Gross Shorts: 719,601 2,564,796 566,810
– Long to Short Ratio: 1.1 to 1 1.1 to 1 0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 87.7 35.4 13.5
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.2 6.5 -4.5

 


Ultra 10-Year Notes Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Ultra 10-Year Notes large speculator standing this week came in at a net position of 86,231 contracts in the data reported through Tuesday. This was a weekly fall of -6,727 contracts from the previous week which had a total of 92,958 net contracts.

This 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 50.5 percent. The commercials are Bullish with a score of 62.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.5 percent.

Ultra 10-Year Notes Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 15.4 75.7 8.6
– Percent of Open Interest Shorts: 9.4 71.1 19.1
– Net Position: 86,231 65,343 -151,574
– Gross Longs: 222,142 1,090,610 124,044
– Gross Shorts: 135,911 1,025,267 275,618
– Long to Short Ratio: 1.6 to 1 1.1 to 1 0.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 50.5 62.6 15.5
– COT Index Reading (3 Year Range): Bullish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.8 5.4 -0.6

 


US Treasury Bonds Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe US Treasury Bonds large speculator standing this week came in at a net position of -88,271 contracts in the data reported through Tuesday. This was a weekly lowering of -27,671 contracts from the previous week which had a total of -60,600 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 61.7 percent. The commercials are Bearish with a score of 44.5 percent and the small traders (not shown in chart) are Bullish with a score of 62.0 percent.

US Treasury Bonds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.4 72.7 15.7
– Percent of Open Interest Shorts: 17.7 66.3 14.8
– Net Position: -88,271 76,453 11,818
– Gross Longs: 125,136 878,006 190,281
– Gross Shorts: 213,407 801,553 178,463
– Long to Short Ratio: 0.6 to 1 1.1 to 1 1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 61.7 44.5 62.0
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.6 -3.1 1.8

 


Ultra US Treasury Bonds Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe Ultra US Treasury Bonds large speculator standing this week came in at a net position of -294,765 contracts in the data reported through Tuesday. This was a weekly advance of 7,023 contracts from the previous week which had a total of -301,788 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 Bullish with a score of 65.0 percent. The commercials are Bullish with a score of 50.4 percent and the small traders (not shown in chart) are Bearish with a score of 41.1 percent.

Ultra US Treasury Bonds Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 6.1 80.2 12.9
– Percent of Open Interest Shorts: 29.8 57.9 11.4
– Net Position: -294,765 276,897 17,868
– Gross Longs: 75,957 997,118 160,043
– Gross Shorts: 370,722 720,221 142,175
– Long to Short Ratio: 0.2 to 1 1.4 to 1 1.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 65.0 50.4 41.1
– COT Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -19.1 16.5 9.5

 


Article By InvestMacro.comReceive 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).

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

COT Stock Market Charts: VIX, E-Mini Futures, Dow, Nasdaq, SP500 & Russell-2000

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

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

The latest COT data is updated through Tuesday September 21st 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.


Data Snapshot of Stock Market Traders | Columns Legend
Sep-21-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
S&P500-Mini2,453,181249,81562-106,9524757,13738
Nikkei 22522,57716-6,693315,627721,06640
Nasdaq-Mini222,302269,42280-9,16021-26243
DowJones-Mini95,88464-16,801149,889766,91275
VIX323,31634-61,9276067,58641-5,65935
Nikkei 225 Yen51,3683111,427529,26271-20,68938

VIX Volatility Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe VIX Volatility large speculator standing this week reached a net position of -61,927 contracts in the data reported through Tuesday. This was a weekly gain of 21,763 contracts from the previous week which had a total of -83,690 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 Bullish with a score of 59.6 percent. The commercials are Bearish with a score of 41.3 percent and the small traders (not shown in chart) are Bearish with a score of 34.9 percent.

VIX Volatility Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.7 49.8 6.9
– Percent of Open Interest Shorts: 40.9 28.9 8.6
– Net Position: -61,927 67,586 -5,659
– Gross Longs: 70,256 160,872 22,204
– Gross Shorts: 132,183 93,286 27,863
– Long to Short Ratio: 0.5 to 1 1.7 to 1 0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 59.6 41.3 34.9
– COT Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.7 -4.7 2.2

 


S&P500 Mini Futures:

2-Year Treasury Bonds Futures COT ChartThe S&P500 Mini large speculator standing this week reached a net position of 49,815 contracts in the data reported through Tuesday. This was a weekly rise of 85,657 contracts from the previous week which had a total of -35,842 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.4 percent. The commercials are Bearish with a score of 46.7 percent and the small traders (not shown in chart) are Bearish with a score of 38.4 percent.

S&P500 Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 15.3 70.8 11.6
– Percent of Open Interest Shorts: 13.3 75.2 9.2
– Net Position: 49,815 -106,952 57,137
– Gross Longs: 375,136 1,737,893 283,735
– Gross Shorts: 325,321 1,844,845 226,598
– Long to Short Ratio: 1.2 to 1 0.9 to 1 1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 62.4 46.7 38.4
– COT Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.7 -1.2 -4.2

 


Dow Jones Mini Futures:

5-Year Treasury Bonds Futures COT ChartThe Dow Jones Mini large speculator standing this week reached a net position of -16,801 contracts in the data reported through Tuesday. This was a weekly decline of -4,900 contracts from the previous week which had a total of -11,901 net contracts.

This 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 with a score of 76.4 percent and the small traders (not shown in chart) are Bullish with a score of 75.4 percent.

Dow Jones Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 25.8 53.1 18.9
– Percent of Open Interest Shorts: 43.4 42.8 11.7
– Net Position: -16,801 9,889 6,912
– Gross Longs: 24,785 50,954 18,099
– Gross Shorts: 41,586 41,065 11,187
– Long to Short Ratio: 0.6 to 1 1.2 to 1 1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 14.3 76.4 75.4
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -23.6 19.7 13.3

 


Nasdaq Mini Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe Nasdaq Mini large speculator standing this week reached a net position of 9,422 contracts in the data reported through Tuesday. This was a weekly reduction of -140 contracts from the previous week which had a total of 9,562 net contracts.

This 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 80.3 percent. The commercials are Bearish with a score of 20.9 percent and the small traders (not shown in chart) are Bearish with a score of 43.4 percent.

Nasdaq Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.4 50.1 16.7
– Percent of Open Interest Shorts: 27.2 54.3 16.8
– Net Position: 9,422 -9,160 -262
– Gross Longs: 69,901 111,483 37,136
– Gross Shorts: 60,479 120,643 37,398
– Long to Short Ratio: 1.2 to 1 0.9 to 1 1.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 80.3 20.9 43.4
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 12.7 -21.5 27.3

 


Russell 2000 Mini Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Russell 2000 Mini large speculator standing this week reached a net position of -66,601 contracts in the data reported through Tuesday. This was a weekly lowering of -3,620 contracts from the previous week which had a total of -62,981 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.1 percent. The commercials are Bullish-Extreme with a score of 82.9 percent and the small traders (not shown in chart) are Bullish with a score of 53.0 percent.

Russell 2000 Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.8 81.9 6.5
– Percent of Open Interest Shorts: 26.2 68.1 4.9
– Net Position: -66,601 59,539 7,062
– Gross Longs: 46,679 353,611 28,247
– Gross Shorts: 113,280 294,072 21,185
– Long to Short Ratio: 0.4 to 1 1.2 to 1 1.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 15.1 82.9 53.0
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.2 4.6 5.5

 


Nikkei Stock Average (USD) Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe Nikkei Stock Average (USD) large speculator standing this week reached a net position of -6,693 contracts in the data reported through Tuesday. This was a weekly boost of 2,708 contracts from the previous week which had a total of -9,401 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.5 percent. The commercials are Bullish with a score of 72.2 percent and the small traders (not shown in chart) are Bearish with a score of 40.5 percent.

Nikkei Stock Average Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 11.7 70.3 18.0
– Percent of Open Interest Shorts: 41.3 45.4 13.3
– Net Position: -6,693 5,627 1,066
– Gross Longs: 2,634 15,870 4,069
– Gross Shorts: 9,327 10,243 3,003
– Long to Short Ratio: 0.3 to 1 1.5 to 1 1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 31.5 72.2 40.5
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -3.2 -6.5 37.6

 


MSCI EAFE Mini Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe MSCI EAFE Mini large speculator standing this week reached a net position of 23,448 contracts in the data reported through Tuesday. This was a weekly reduction of -4,163 contracts from the previous week which had a total of 27,611 net contracts.

This 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 Bearish with a score of 49.7 percent and the small traders (not shown in chart) are Bullish with a score of 64.8 percent.

MSCI EAFE Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 8.0 89.0 2.6
– Percent of Open Interest Shorts: 2.0 96.4 1.2
– Net Position: 23,448 -28,840 5,392
– Gross Longs: 31,361 346,924 10,057
– Gross Shorts: 7,913 375,764 4,665
– Long to Short Ratio: 4.0 to 1 0.9 to 1 2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 44.3 49.7 64.8
– COT Index Reading (3 Year Range): Bearish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.8 6.0 10.0

 


Article By InvestMacro.comReceive 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).

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

COT Soft Commodities Futures Charts: Corn, Soybeans, Wheat, Cattle, Hogs, Sugar, Coffee, Cotton

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

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

The latest COT data is updated through Tuesday September 21 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.


Data Snapshot of Commodity Market Traders | Columns Legend
Sep-21-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,101,55826355,97825-396,1806440,20272
Gold492,76523187,64758-212,6444224,99741
Silver145,5371215,63538-28,0557012,42012
Copper190,6592019,27056-24,484435,21455
Palladium9,05111-2,71303,043100-33025
Platinum73,415451,2184-6,995995,77743
Natural Gas1,378,35047-140,22036100,0746240,14681
Brent199,21639-32,2625830,181432,08154
Heating Oil423,6636335,89084-59,0511323,16191
Soybeans660,4721361,05445-39,35957-21,69536
Corn1,379,7701265,50164-199,01444-66,4875
Coffee288,2895060,11893-63,84693,72814
Sugar952,97541249,46788-290,3921340,92558
Wheat353,55181,842499,65450-11,49647

CORN Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe CORN large speculator standing this week totaled a net position of 265,501 contracts in the data reported through Tuesday. This was a weekly gain of 6,867 contracts from the previous week which had a total of 258,634 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 63.9 percent. The commercials are Bearish with a score of 43.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.8 percent.

CORN Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 26.7 50.2 8.5
– Percent of Open Interest Shorts: 7.5 64.6 13.3
– Net Position: 265,501 -199,014 -66,487
– Gross Longs: 368,776 692,567 117,018
– Gross Shorts: 103,275 891,581 183,505
– Long to Short Ratio: 3.6 to 1 0.8 to 1 0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 63.9 43.6 4.8
– COT Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.2 7.3 2.7

 


SUGAR Futures:

2-Year Treasury Bonds Futures COT ChartThe SUGAR large speculator standing this week totaled a net position of 249,467 contracts in the data reported through Tuesday. This was a weekly decrease of -9,582 contracts from the previous week which had a total of 259,049 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.9 percent. The commercials are Bearish-Extreme with a score of 13.1 percent and the small traders (not shown in chart) are Bullish with a score of 58.5 percent.

SUGAR Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 30.9 45.8 9.4
– Percent of Open Interest Shorts: 4.7 76.2 5.1
– Net Position: 249,467 -290,392 40,925
– Gross Longs: 294,049 436,110 89,249
– Gross Shorts: 44,582 726,502 48,324
– Long to Short Ratio: 6.6 to 1 0.6 to 1 1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 87.9 13.1 58.5
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -9.9 11.6 -16.1

 


COFFEE Futures:

5-Year Treasury Bonds Futures COT ChartThe COFFEE large speculator standing this week totaled a net position of 60,118 contracts in the data reported through Tuesday. This was a weekly gain of 2,051 contracts from the previous week which had a total of 58,067 net contracts.

This 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 92.8 percent. The commercials are Bearish-Extreme with a score of 8.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.1 percent.

COFFEE Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 27.0 42.6 3.6
– Percent of Open Interest Shorts: 6.2 64.8 2.3
– Net Position: 60,118 -63,846 3,728
– Gross Longs: 77,942 122,867 10,484
– Gross Shorts: 17,824 186,713 6,756
– Long to Short Ratio: 4.4 to 1 0.7 to 1 1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 92.8 8.6 14.1
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.3 -4.3 -11.2

 


SOYBEANS Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe SOYBEANS large speculator standing this week totaled a net position of 61,054 contracts in the data reported through Tuesday. This was a weekly decrease of -4,701 contracts from the previous week which had a total of 65,755 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 45.5 percent. The commercials are Bullish with a score of 56.6 percent and the small traders (not shown in chart) are Bearish with a score of 35.7 percent.

SOYBEANS Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.0 56.8 7.2
– Percent of Open Interest Shorts: 11.8 62.7 10.5
– Net Position: 61,054 -39,359 -21,695
– Gross Longs: 138,867 375,002 47,718
– Gross Shorts: 77,813 414,361 69,413
– Long to Short Ratio: 1.8 to 1 0.9 to 1 0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 45.5 56.6 35.7
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -15.1 15.8 -9.6

 


SOYBEAN MEAL Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe SOYBEAN MEAL large speculator standing this week totaled a net position of 13,810 contracts in the data reported through Tuesday. This was a weekly rise of 847 contracts from the previous week which had a total of 12,963 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 Bearish with a score of 36.9 percent. The commercials are Bullish with a score of 63.5 percent and the small traders (not shown in chart) are Bearish with a score of 45.0 percent.

SOYBEAN MEAL Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.4 49.1 13.0
– Percent of Open Interest Shorts: 17.6 58.0 7.9
– Net Position: 13,810 -32,358 18,548
– Gross Longs: 78,062 179,344 47,411
– Gross Shorts: 64,252 211,702 28,863
– Long to Short Ratio: 1.2 to 1 0.8 to 1 1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 36.9 63.5 45.0
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -22.8 22.9 -6.2

 


LIVE CATTLE Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe LIVE CATTLE large speculator standing this week totaled a net position of 44,556 contracts in the data reported through Tuesday. This was a weekly fall of -8,599 contracts from the previous week which had a total of 53,155 net contracts.

This 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 18.9 percent. The commercials are Bullish with a score of 77.6 percent and the small traders (not shown in chart) are Bullish with a score of 68.5 percent.

LIVE CATTLE Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.2 43.2 10.7
– Percent of Open Interest Shorts: 16.8 55.9 13.3
– Net Position: 44,556 -36,903 -7,653
– Gross Longs: 93,533 125,744 31,090
– Gross Shorts: 48,977 162,647 38,743
– Long to Short Ratio: 1.9 to 1 0.8 to 1 0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 18.9 77.6 68.5
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -20.5 21.5 11.1

 


LEAN HOGS Futures:

Eurodollar Bonds Futures COT ChartThe LEAN HOGS large speculator standing this week totaled a net position of 60,363 contracts in the data reported through Tuesday. This was a weekly fall of -6,871 contracts from the previous week which had a total of 67,234 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.5 percent. The commercials are Bearish with a score of 34.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.9 percent.

LEAN HOGS Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 43.2 32.5 7.8
– Percent of Open Interest Shorts: 17.8 52.2 13.6
– Net Position: 60,363 -46,665 -13,698
– Gross Longs: 102,404 76,951 18,464
– Gross Shorts: 42,041 123,616 32,162
– Long to Short Ratio: 2.4 to 1 0.6 to 1 0.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 73.5 34.3 12.9
– COT Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -18.6 18.0 3.2

 


COTTON Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe COTTON large speculator standing this week totaled a net position of 95,025 contracts in the data reported through Tuesday. This was a weekly decline of -13,198 contracts from the previous week which had a total of 108,223 net contracts.

This 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 90.4 percent. The commercials are Bearish-Extreme with a score of 12.4 percent and the small traders (not shown in chart) are Bullish with a score of 52.0 percent.

COTTON Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 43.2 36.6 6.2
– Percent of Open Interest Shorts: 7.0 75.2 3.9
– Net Position: 95,025 -101,181 6,156
– Gross Longs: 113,474 96,189 16,348
– Gross Shorts: 18,449 197,370 10,192
– Long to Short Ratio: 6.2 to 1 0.5 to 1 1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 90.4 12.4 52.0
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 0.1 3.8 -37.9

 


COCOA Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe COCOA large speculator standing this week totaled a net position of 25,439 contracts in the data reported through Tuesday. This was a weekly reduction of -2,597 contracts from the previous week which had a total of 28,036 net contracts.

This 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 46.5 percent. The commercials are Bullish with a score of 54.2 percent and the small traders (not shown in chart) are Bearish with a score of 33.3 percent.

COCOA Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 29.1 51.9 4.6
– Percent of Open Interest Shorts: 18.5 63.5 3.7
– Net Position: 25,439 -27,626 2,187
– Gross Longs: 69,586 123,960 11,047
– Gross Shorts: 44,147 151,586 8,860
– Long to Short Ratio: 1.6 to 1 0.8 to 1 1.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 46.5 54.2 33.3
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 10.2 -9.3 -9.0

 


WHEAT Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe WHEAT large speculator standing this week totaled a net position of 1,842 contracts in the data reported through Tuesday. This was a weekly fall of -2,732 contracts from the previous week which had a total of 4,574 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.6 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 46.7 percent.

WHEAT Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.5 43.4 8.0
– Percent of Open Interest Shorts: 24.0 40.7 11.2
– Net Position: 1,842 9,654 -11,496
– Gross Longs: 86,658 153,473 28,167
– Gross Shorts: 84,816 143,819 39,663
– Long to Short Ratio: 1.0 to 1 1.1 to 1 0.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 48.6 50.2 46.7
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -35.6 40.0 3.2

 


Article By InvestMacro.comReceive 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).

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

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

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

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

The latest COT data is updated through Tuesday September 21st 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.


Data Snapshot of Commodity Market Traders | Columns Legend
Sep-21-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,101,55826355,97825-396,1806440,20272
Gold492,76523187,64758-212,6444224,99741
Silver145,5371215,63538-28,0557012,42012
Copper190,6592019,27056-24,484435,21455
Palladium9,05111-2,71303,043100-33025
Platinum73,415451,2184-6,995995,77743
Natural Gas1,378,35047-140,22036100,0746240,14681
Brent199,21639-32,2625830,181432,08154
Heating Oil423,6636335,89084-59,0511323,16191
Soybeans660,4721361,05445-39,35957-21,69536
Corn1,379,7701265,50164-199,01444-66,4875
Coffee288,2895060,11893-63,84693,72814
Sugar952,97541249,46788-290,3921340,92558
Wheat353,55181,842499,65450-11,49647

Gold Comex Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe Gold Comex Futures large speculator standing this week recorded a net position of 187,647 contracts in the data reported through Tuesday. This was a weekly lowering of -20,113 contracts from the previous week which had a total of 207,760 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.6 percent. The commercials are Bearish with a score of 42.0 percent and the small traders (not shown in chart) are Bearish with a score of 40.8 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 60.2 24.2 9.3
– Percent of Open Interest Shorts: 22.1 67.4 4.2
– Net Position: 187,647 -212,644 24,997
– Gross Longs: 296,670 119,307 45,636
– Gross Shorts: 109,023 331,951 20,639
– Long to Short Ratio: 2.7 to 1 0.4 to 1 2.2 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 57.6 42.0 40.8
– COT Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 4.9 -4.1 -5.8

 


Silver Comex Futures:

2-Year Treasury Bonds Futures COT ChartThe Silver Comex Futures large speculator standing this week recorded a net position of 15,635 contracts in the data reported through Tuesday. This was a weekly decrease of -11,041 contracts from the previous week which had a total of 26,676 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 Bearish with a score of 37.9 percent. The commercials are Bullish with a score of 69.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.1 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 45.8 31.1 17.5
– Percent of Open Interest Shorts: 35.1 50.4 8.9
– Net Position: 15,635 -28,055 12,420
– Gross Longs: 66,708 45,282 25,423
– Gross Shorts: 51,073 73,337 13,003
– Long to Short Ratio: 1.3 to 1 0.6 to 1 2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 37.9 69.7 12.1
– COT Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -8.8 11.3 -17.8

 


Copper Grade #1 Futures:

5-Year Treasury Bonds Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week recorded a net position of 19,270 contracts in the data reported through Tuesday. This was a weekly reduction of -9,509 contracts from the previous week which had a total of 28,779 net contracts.

This 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 56.2 percent. The commercials are Bearish with a score of 42.6 percent and the small traders (not shown in chart) are Bullish with a score of 55.4 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 41.4 39.3 8.5
– Percent of Open Interest Shorts: 31.3 52.1 5.8
– Net Position: 19,270 -24,484 5,214
– Gross Longs: 78,931 74,936 16,223
– Gross Shorts: 59,661 99,420 11,009
– Long to Short Ratio: 1.3 to 1 0.8 to 1 1.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 56.2 42.6 55.4
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.0 10.1 -28.8

 


Platinum Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe Platinum Futures large speculator standing this week recorded a net position of 1,218 contracts in the data reported through Tuesday. This was a weekly lift of 2,285 contracts from the previous week which had a total of -1,067 net contracts.

This 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 4.1 percent. The commercials are Bullish-Extreme with a score of 99.1 percent and the small traders (not shown in chart) are Bearish with a score of 42.6 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 45.3 35.1 13.4
– Percent of Open Interest Shorts: 43.6 44.6 5.5
– Net Position: 1,218 -6,995 5,777
– Gross Longs: 33,230 25,750 9,810
– Gross Shorts: 32,012 32,745 4,033
– Long to Short Ratio: 1.0 to 1 0.8 to 1 2.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 4.1 99.1 42.6
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.6 8.8 -21.9

 


Palladium Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe Palladium Futures large speculator standing this week recorded a net position of -2,713 contracts in the data reported through Tuesday. This was a weekly decrease of -986 contracts from the previous week which had a total of -1,727 net contracts.

This 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 25.2 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 28.7 54.5 13.0
– Percent of Open Interest Shorts: 58.7 20.8 16.6
– Net Position: -2,713 3,043 -330
– Gross Longs: 2,598 4,930 1,174
– Gross Shorts: 5,311 1,887 1,504
– Long to Short Ratio: 0.5 to 1 2.6 to 1 0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 0.0 100.0 25.2
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -23.9 27.4 -47.5

 


Article By InvestMacro.comReceive 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).

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

COT Energy Futures Charts: WTI Crude Oil, Natural Gas, Bloomberg Index, Heating Oil & Brent Crude

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

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

The latest COT data is updated through Tuesday September 21st 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.


Data Snapshot of Commodity Market Traders | Columns Legend
Sep-21-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,101,55826355,97825-396,1806440,20272
Gold492,76523187,64758-212,6444224,99741
Silver145,5371215,63538-28,0557012,42012
Copper190,6592019,27056-24,484435,21455
Palladium9,05111-2,71303,043100-33025
Platinum73,415451,2184-6,995995,77743
Natural Gas1,378,35047-140,22036100,0746240,14681
Brent199,21639-32,2625830,181432,08154
Heating Oil423,6636335,89084-59,0511323,16191
Soybeans660,4721361,05445-39,35957-21,69536
Corn1,379,7701265,50164-199,01444-66,4875
Coffee288,2895060,11893-63,84693,72814
Sugar952,97541249,46788-290,3921340,92558
Wheat353,55181,842499,65450-11,49647

WTI Crude Oil Futures:

WTI Crude Oil Futures COT ChartThe WTI Crude Oil Futures large speculator standing this week totaled a net position of 355,978 contracts in the data reported through Tuesday. This was a weekly gain of 914 contracts from the previous week which had a total of 355,064 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 25.2 percent. The commercials are Bullish with a score of 63.7 percent and the small traders (not shown in chart) are Bullish with a score of 71.7 percent.

WTI Crude Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.1 34.7 4.3
– Percent of Open Interest Shorts: 7.2 53.5 2.4
– Net Position: 355,978 -396,180 40,202
– Gross Longs: 506,363 728,666 90,716
– Gross Shorts: 150,385 1,124,846 50,514
– Long to Short Ratio: 3.4 to 1 0.6 to 1 1.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 25.2 63.7 71.7
– COT Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -14.2 15.1 -8.3

 


Brent Crude Oil Futures:

Brent Last Day Crude Oil Futures COT ChartThe Brent Crude Oil Futures large speculator standing this week totaled a net position of -32,262 contracts in the data reported through Tuesday. This was a weekly gain of 653 contracts from the previous week which had a total of -32,915 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.7 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bullish with a score of 53.7 percent.

Brent Crude Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 13.5 53.9 4.0
– Percent of Open Interest Shorts: 29.7 38.7 3.0
– Net Position: -32,262 30,181 2,081
– Gross Longs: 26,898 107,333 7,995
– Gross Shorts: 59,160 77,152 5,914
– Long to Short Ratio: 0.5 to 1 1.4 to 1 1.4 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 57.7 43.0 53.7
– COT Index Reading (3 Year Range): Bullish Bearish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.7 -0.6 7.1

 


Natural Gas Futures:

Natural Gas Futures COT ChartThe Natural Gas Futures large speculator standing this week totaled a net position of -140,220 contracts in the data reported through Tuesday. This was a weekly rise of 8,359 contracts from the previous week which had a total of -148,579 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 36.5 percent. The commercials are Bullish with a score of 62.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.6 percent.

Natural Gas Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 22.9 43.9 4.6
– Percent of Open Interest Shorts: 33.0 36.7 1.7
– Net Position: -140,220 100,074 40,146
– Gross Longs: 315,115 605,341 63,891
– Gross Shorts: 455,335 505,267 23,745
– Long to Short Ratio: 0.7 to 1 1.2 to 1 2.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 36.5 62.4 80.6
– COT Index Reading (3 Year Range): Bearish Bullish Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 1.1 -2.0 6.7

 


Gasoline Blendstock Futures:

RBOB Gasoline Energy Futures COT ChartThe Gasoline Blendstock Futures large speculator standing this week totaled a net position of 36,673 contracts in the data reported through Tuesday. This was a weekly decrease of -5,299 contracts from the previous week which had a total of 41,972 net contracts.

This 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 7.5 percent. The commercials are Bullish-Extreme with a score of 92.1 percent and the small traders (not shown in chart) are Bullish with a score of 61.0 percent.

Nasdaq Mini Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 26.8 49.5 6.7
– Percent of Open Interest Shorts: 15.8 63.0 4.2
– Net Position: 36,673 -44,943 8,270
– Gross Longs: 89,012 164,340 22,351
– Gross Shorts: 52,339 209,283 14,081
– Long to Short Ratio: 1.7 to 1 0.8 to 1 1.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 7.5 92.1 61.0
– COT Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -3.2 5.9 -16.3

 


#2 Heating Oil NY-Harbor Futures:

NY Harbor Heating Oil Energy Futures COT ChartThe #2 Heating Oil NY-Harbor Futures large speculator standing this week totaled a net position of 35,890 contracts in the data reported through Tuesday. This was a weekly gain of 5,899 contracts from the previous week which had a total of 29,991 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 83.7 percent. The commercials are Bearish-Extreme with a score of 12.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 91.2 percent.

Heating Oil Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 17.9 47.7 10.8
– Percent of Open Interest Shorts: 9.4 61.6 5.3
– Net Position: 35,890 -59,051 23,161
– Gross Longs: 75,893 201,980 45,668
– Gross Shorts: 40,003 261,031 22,507
– Long to Short Ratio: 1.9 to 1 0.8 to 1 2.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 83.7 12.8 91.2
– COT Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.6 -5.8 15.2

 


Bloomberg Commodity Index Futures:

Bloomberg Commodity Index Futures COT ChartThe Bloomberg Commodity Index Futures large speculator standing this week totaled a net position of -6,148 contracts in the data reported through Tuesday. This was a weekly lowering of -1,370 contracts from the previous week which had a total of -4,778 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.0 percent. The commercials are Bullish with a score of 53.8 percent and the small traders (not shown in chart) are Bearish with a score of 40.7 percent.

Bloomberg Index Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 64.6 27.7 1.5
– Percent of Open Interest Shorts: 86.5 7.2 0.2
– Net Position: -6,148 5,775 373
– Gross Longs: 18,190 7,791 435
– Gross Shorts: 24,338 2,016 62
– Long to Short Ratio: 0.7 to 1 3.9 to 1 7.0 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct): 46.0 53.8 40.7
– COT Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 19.7 -19.7 -1.3

 


Article By InvestMacro.comReceive 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).

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

New ETF To Play Bitcoin And Cryptocurrency Market

By Ino.com

– Just as Bitcoin and the cryptocurrency markets are once again heating up and hitting new highs, a new ETF opened up, which offers investors another way to play the industry. The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ) is a very interesting ETF that just launched on July 20th, 2021 and offers investors a sort of backdoor play into the cryptocurrency world, without fully relying on cryptocurrencies increasing in value in order to realize a decent return.

RIGZ offers investors the ability to invest in cryptocurrency and semiconductor firms located in developed countries that focus on clean energy and environmental sustainability. The cryptocurrency firms that RIGZ invests in are crypto-miners.

These crypto-miners also are the ones that have reportedly switched to “cleaner” energy sources than what other miners or miners in the past have been accused of using. As you may know, mining for cryptocurrency is, in most cases, a very energy-demanding operation. The amount of electricity the mining rigs (The main components of any crypto-mining rig are power supply, a motherboard, an operating system to run on your motherboard, computer memory, and a graphics processing unit) need has been estimated by the Bitcoin Energy Consumption Index at one Bitcoin transaction takes 1,544 kWh to complete, or the equivalent of roughly 53 days of power for the average US household.

So, if a miner is using clean energy, that is advantageous to the environment and potentially could even make the company more profitable, especially if the company is producing some of the energy themselves with the use of solar panels or small wind-powered turbines.

Furthermore, RIGZ is invested in the semiconductor companies that make the chips and components used in the mining rigs. These firms also are trying to lower the energy consumption of the chips and components that are being used in the mining rigs. This again is good for the environment and the firms making these components since they will likely be able to charge more for components that use less energy to run since, in the long run, the end client will save money on energy costs if they use components that use less energy.

RIGZ’s fund management team self-evaluates each miner and semiconductor company in terms of what they are looking for from both a financial business standpoint, hardware quality, and from a clean energy standpoint. The team looks at all sources of energy and rates each firm based on the energy mix and subcategory of its operations. Approximately 15 to 30 companies will be held in RIGZ, regardless of market capitalization.

RIGZ has an expense ratio of 0.90%, which is high, but considering the work involved with researching and finding the top companies in this industry, not to mention figuring out the clean energy aspect, the fee seems reasonable at this time. The fund is very new, and in a speculative industry, so currently, the assets under management are very low at just $10.17 million. This should be something to keep an eye on if you are interested in investing in the fund. You want to see that number grow monthly and ideally be well above the $100 million mark before its first anniversary.

Below is a list of the 19 companies the fund currently holds and the size each represents in the fund.

ETF Holdings

Investors considering RIGZ as a long-term investment should also download and save the fund holding information, which can be found here. That way, you can reference this information as the fund matures and changes holdings or just as assets under management increase. This will also give you a better understanding of whether the funds’ management team is doing a good job at picking winners or if they are just getting lucky and the whole industry is moving higher, which boosts their returns.

Diligently tracking a fund’s performance is a good way to determine if a high expense ratio is worth paying or not and whether or not the fund itself is truly worthwhile investing in.

Regardless, investors should remember that RIGZ is a play on Bitcoin and cryptocurrency. Thus, it carries a little more risk but also rewards than some other ETFs that are available.

Matt Thalman
INO.com Contributor – ETFs
Follow me on Twitter @mthalman5513

Disclosure: This contributor did not own shares of any investment mentioned above at the time this blog post was published. This article is the opinion of the contributor themselves. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. This contributor is not receiving compensation (other than from INO.com) for their opinion.

By Ino.com – See our Trader Blog, INO TV Free & Market Analysis Alerts

Source: New ETF To Play Bitcoin And Cryptocurrency Market

More companies pledge ‘net-zero’ emissions to fight climate change, but what does that really mean?

By Amrou Awaysheh, Indiana University 

You’ll probably hear the term “net-zero emissions” a lot over the coming weeks as government leaders and CEOs, under pressure, talk about how they’ll reduce their countries’ or businesses’ impact on climate change. Amazon, for example, just announced that more than 200 companies have now joined its Climate Pledge, committing to reach net-zero emissions by 2040.

But what does net-zero emissions actually mean?

“Zero emissions” – without the “net” caveat – means emitting no greenhouse gases.

“Net-zero emissions” has more wiggle room. It’s like balancing a checkbook. The country or company cuts most of its emissions through efficiency and clean energy, then offsets the rest by removing carbon dioxide from the atmosphere or eliminating emissions elsewhere.

For example, trees absorb carbon dioxide from the air, so they’re often considered “negative emissions.” The tiny Himalayan kingdom of Bhutan can claim net-zero emissions because almost all of its electricity comes from hydropower, and its forests sequester about three times more carbon than its vehicles, factories and other human activities emit.

Companies have another way to claim net-zero emissions – they can take advantage of carbon reductions elsewhere by buying carbon credits. For example, a U.S. company might pay to protect forests in South America and then subtract those trees’ negative emissions from its own emissions to say that its operations are “net-zero.” Other carbon credits support sustainable development projects, such as installing wind or solar power in poorer countries.

But counting on carbon credits also draws criticism, because it allows those companies to keep generating greenhouse gases. Other concerns are that some projects would happen anyway, the emissions reductions might not be permanent or even verifiable, or they might get double-counted by more than one entity. Some projects, like tree planting, can take years to pay off in emissions reductions while the companies buying forest offsets continue emitting greenhouse gases.

Why does net-zero emissions matter?

Greenhouse gases trap heat near Earth’s surface. When their concentrations get too high, they fuel global warming.

In 2015, countries around the world agreed to limit global warming to well under 2 degrees Celsius (3.6 F) compared with preindustrial times, with a goal of 1.5 C (2.7 F). To keep warming under 1.5 C with the least disruption, the United Nations says the world needs to be on a path to reach net-zero emissions by about 2050. To put those temperatures into perspective, global warming today is just over 1 C (1.8 F) above preindustrial levels, and rising seas and extreme weather are already a problem.

Several countries, including the United States, have pledged to meet the goal of net-zero emissions by 2050. But when the U.N. analyzed each country’s commitments under the Paris Agreement in mid-September, it found they still fall short by so much that even if every pledge is met, temperatures will rise about 2.7 C (4.86 F) this century.

Chart showing temperature limits and emissions trajectories to reach them.
Keeping global warming to 1.5 C will require negative greenhouse gas emissions.
Climate Analytics and NewClimate Institute

How a company gets to net-zero emissions

To see how a company might get to net-zero emissions, let’s imagine a hypothetical company, ChipCo, that makes, packages and distributes potato chips. ChipCo purchases electricity from a local utility to run machinery at its factory. It also has boilers to generate steam to heat the building and for some production processes. And it uses delivery trucks to transport its products to customers. Each step generates greenhouse gas emissions.

To achieve net-zero emissions, ChipCo’s first step is to ramp up energy efficiency. Improvements in insulation and equipment can reduce the amount of energy needed or wasted. A simple example is switching out incandescent light bulbs that use 60 watts of energy with LED bulbs that give off the same brightness, yet consume only 8 watts.

The second step is to switch from fossil fuels – the leading source of human-caused greenhouse gas emissions – to renewable energy, such as solar or wind power, that doesn’t produce greenhouse gas emissions. Once the company’s electricity is renewable, using electric delivery vehicles further cuts emissions.

Homes and office buildings can also be built to net-zero, or carbon-neutral, standards. In that case, the focus is on making them extremely energy-efficient and relying on heating and electricity from clean energy sources.

ChipCo’s third step is finding negative emissions. It might be too expensive or not yet technologically possible for it to replace its steam boiler with a carbon-neutral product. Instead, ChipCo might purchase carbon credits that would remove the same amount of carbon from the atmosphere that would be generated by the boiler.

Companies are increasingly under pressure from governments, activists and their customers, as well as some powerful investors, to cut their emissions.

To tell if a company is taking its responsibilities seriously, look for its action plan and performance so far. A company that announces a net-zero target of 2030 can’t wait until 2029 to take action. There needs to be a consistent trajectory of improvements in energy efficiency and clean energy, not just promises and carbon offsets.

About the Author:

Amrou Awaysheh, Assistant Professor of Operations Management and Executive Director, Business Sustainability Lab, Indiana University

This article is republished from The Conversation under a Creative Commons license. Read the original article.