COT Report: Specs raise Dollar bets 3rd week, WTI Crude bets & 10YR shorts drop

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 increased their bullish bets in favor of the US dollar last week for the third week and to the highest level since January 31st.

• In the other major markets, WTI Crude speculators reduced their bullish bets for a fourth week following their record high bullish position on February 21st.

• The 10-year note speculators, for a third straight week, sharply reduced their bearish bets after reaching a record high short position of over -400,000 contracts a month ago.

• Bearish bets have been decreased by just about 100,000 contracts in each of the last three weeks.

• In metals, gold speculators increased their bullish bets after declining for two weeks while silver speculators cut their bullish bets for a third week. Copper bets continued to decline for the seventh straight week.

• Finally, S&P500 speculators continued to raise their bullish bets higher in S&P500 futures for a sixth straight week and to a new highest level since mid-December.

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Forex Speculators raised US Dollar bullish positions to 7-week high

US Dollar net speculator positions leveled at $18.44 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 increased their bullish bets for the US dollar last week to the highest level in seven weeks. See full article

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WTI Crude Oil Speculators cut bullish net positions for 4th straight week

The non-commercial contracts of WTI crude futures totaled a net position of 418,517 contracts, according to data from last week. This was a decline of -15,283 contracts from the previous weekly total. See full article

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Gold Speculators boosted bullish net positions after 2 down weeks

The large speculator contracts of gold futures advanced to a total net position of 116,252 contracts. This was a weekly rise of 10,214 contracts from the previous week. See full article

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10 Year Treasury Note Speculators sharply reduced bearish net positions for 3rd week

The large speculator contracts of 10-year treasury note futures totaled a net position of -100,354 contracts. This was a weekly change of 94,038 contracts from the previous week. See full article

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S&P500 Speculators continued to raise their bullish net positions for 6th week

The large speculator contracts of S&P 500 futures totaled a net position of 9,943 contracts. This was a gain of 1,593 contracts from the reported data of the previous week. See full article

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Silver Speculators reduced net bullish positions for 3rd week

The non-commercial contracts of silver futures totaled a net position of 79,112 contracts, according to data from last week. This was a weekly shortfall of -3,766 contracts from the previous totals. See full article

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Copper Speculators edged bullish net positions lower, down for 7th week

The large speculator contracts of copper futures totaled a net position of 21,670 contracts. This was a weekly edge lower by -769 contracts from the data of the previous week. See full article

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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