By CountingPips.com
Here are this week’s links to the latest Commitment of Traders changes.
This week’s results saw speculator positions slightly lower for the US dollar for a 2nd week. The USD remains in a relatively strong bullish position (over +$20 billion for 12 weeks). 10 Year Note speculators pulled back from their record high short position while WTI crude oil futures surged to a new multiyear high in speculative positions. Bets for gold continued to fall for a 9th out of last 10 weeks although silver and copper had increased speculative bullish positions for the week.
Currency Speculators slightly reduced US Dollar bullish positions for 2nd week
US Dollar net speculator positions leveled at $24.44 billion last week
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators slightly decreased their bullish bets for the US dollar last week for a second consecutive week.
- The individual major currencies that improved versus the US dollar last week were the Japanese yen (2,009 weekly change in contracts), Swiss franc (563 contracts), Canadian dollar (2,479 contracts), Australian dollar (8,693 contracts) and the New Zealand dollar (1,672 contracts).
WTI Crude Oil Speculators sharply added to bullish net positions last week
The non-commercial contracts of WTI crude futures rose to a net position of 464,678 contracts, according to data from last week. This was a gain of 31,116 contracts from the previous weekly total.
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Gold Speculators decreased bullish net positions, down 9 out of last 10 weeks
The large speculator contracts of gold futures declined to a total net position of 107,041 contracts. This was a weekly slide of -2441 contracts from the previous week.
10 Year Treasury Note Speculators reduced bearish net positions last week
The large speculator contracts of 10-year treasury note futures totaled a net position of -375,736 contracts. This was a weekly change of 18,953 contracts from the previous week.
S&P500 Speculators trimmed bullish net positions for 5th week
The large speculator contracts of S&P 500 futures fell to a net position of 1,842 contracts. This was a decrease of -298 contracts from the reported data of the previous week.
Silver Speculators boosted bullish net positions for 3rd week
The non-commercial contracts of silver futures advanced to a net position of 69,482 contracts, according to data from last week. This was a weekly rise of 4,881 contracts from the previous totals.
Copper Speculators edged bullish net positions lower last week
The large speculator contracts of copper futures declined to a net position of 46,499 contracts. This was a weekly change of -1,204 contracts from the data of the previous week.
Article by CountingPips.com
The Commitment of Traders report data is published in raw form every Friday by the Commodity Futures Trading Commission (CFTC) and shows the futures positions of market participants as of the previous Tuesday (data is reported 3 days behind).
To learn more about this data please visit the CFTC website at http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm
