By CountingPips.com – Get our weekly COT Reports by Email
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 Speculators reduced positions in the US dollar for a 6th straight week and to the lowest level since October.
WTI Crude speculators continued to be hugely bullish and pushed their bets to a new multi-year high (over +500,000 net contracts!) while 10-year note speculators resumed adding to their net bearish positions last week.
In metals, gold and copper speculators cut back on their bullish bets for a second straight week while silver speculators kept pushing their net bullish bets higher for the 7th straight week.
Finally, one week after S&P500 speculators turned bearish for the first time since September, the speculators increased their bets in S&P500 futures and net positions went back over to the bullish side.
Free Reports:
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 decrease their bullish bets for the US dollar last week.
The non-commercial contracts of WTI crude futures totaled a net position of 508456 contracts, according to data from last week. This was a change of 31466 contracts from the previous weekly total.
The large speculator contracts of gold futures declined to a total net position of 109752 contracts. This was a weekly change of -7397 contracts from the previous week.
The large speculator contracts of 10-year treasury note futures totaled a net position of -341524 contracts. This was a weekly change of -36947 contracts from the previous week.
The large speculator contracts of S&P 500 futures totaled a net position of 1289 contracts. This was a change of 2977 contracts from the reported data of the previous week.
The non-commercial contracts of silver futures totaled a net position of 84812 contracts, according to data from last week. This was a weekly change of 6535 contracts from the previous totals.
The large speculator contracts of copper futures totaled a net position of 45243 contracts. This was a weekly change of -6316 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
