By CountingPips.com
Here is a short summary and this week’s links (below) to the latest Commitment of Traders changes.
This week’s COT results showed that large speculators once again lowered their positions in the US dollar for a 5th week in a row and put bullish bets under the $20 billion threshold for a 2nd week.
WTI Crude speculators cut back on their bullish bets (from a multi-year high) while 10-year note speculators reduced their net bearish positions for the 3rd out of last 4 weeks.
In metals, gold and copper speculators trimmed bullish bets after two straight weeks of gains while silver speculators continued to raise their bets for a 6th straight week.
Finally, S&P500 speculators turned bearish last week for the first time since September.
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Currency Speculators decreased US Dollar bullish positions for 5th week
US Dollar net speculator positions leveled at $17.07 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 continued to reduce their bullish exposure in the US dollar last week.
WTI Crude Oil Speculators reduced net positions for 1st time in 4 weeks
The non-commercial contracts of WTI crude futures totaled a net position of 476,990 contracts, according to data from last week. This was a decline of -15,702 contracts from the previous weekly total.
Gold Speculators trimmed bullish net positions for 1st time in 3 weeks
The large speculator contracts of gold futures declined to a total net position of 117,149 contracts. This was a weekly fall of -2,006 contracts from the previous week.
10 Year Treasury Note Speculators cut net bearish positions for 3rd out of 4 weeks
The large speculator contracts of 10-year treasury note futures totaled a net position of -304,577 contracts. This was a weekly change of 49,074 contracts from the previous week.
S&P500 Speculators turned net bearish for 1st time since September
The large speculator contracts of S&P 500 futures totaled a net position of -1,688 contracts. This was a fall of -2,688 contracts from the reported data of the previous week.
Silver Speculators raised bullish net positions for 6th straight week
The non-commercial contracts of silver futures totaled a net position of 78,277 contracts, according to data from last week. This was a weekly gain of 2,303 contracts from the previous totals.
Copper Speculators reduced bullish net positions, remain above +50,000 level
The large speculator contracts of copper futures totaled a net position of 51,559 contracts. This was a weekly reduction of -5,717 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
