COT Report: USD bets fall 2nd week. Crude Oil, Gold & Silver bets gain ground

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 Speculators cut back on bullish bets of the US dollar last week for the second straight week and under the $15 billion dollar level for first time in five weeks.

• WTI Crude speculators raised bullish bets for the first time since their record high bullish position on February 21st.

• The 10-year note speculators reduced their bearish bets for the fifth straight week and to the lowest bearish level since November.

• Gold speculators increased their bullish bets higher for a 3rd week while Silver bets jumped for a second week to the largest bullish position in 30 years.

• Copper, meanwhile, saw speculative bets lower for the 8th out of the last 9 weeks.

• S&P500 speculators cut back on their bullish bets in S&P500 futures following seven straight weeks of gains.

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Currency Speculators reduced US Dollar bullish positions for 2nd week

US Dollar net speculator positions leveled at $14.67 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 cut back on their bullish bets for the US dollar last week… See full article

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WTI Crude Oil Speculators raised bullish net positions for 1st time in 6 weeks

The non-commercial contracts of WTI crude futures rose to a net position of 408,382 contracts, according to data from last week. This was a boost of 10,302 contracts from the previous week’s total… See full article

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Gold Speculators boosted bullish net positions higher for 3rd week

The large speculator contracts of gold futures advanced to a total net position of 155,436 contracts. This was a weekly gain of 17,616 contracts from the previous week… See full article

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10 Year Treasury Note Speculators reduced bearish net positions for 5th week

The large speculator contracts of 10-year treasury note futures totaled a net position of -55,766 contracts. This was a weekly change of 13,653 contracts from the previous week… See full article

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Large S&P500 Speculators pared bullish net positions for 1st time in 8 weeks

The large speculator contracts of S&P 500 futures fell to a total net position of 7,382 contracts. This was a decline of -4,988 contracts from the reported data of the previous week… See full article

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Silver Speculators sharply raised net positions for 2nd week

The non-commercial contracts of silver futures totaled a net position of 101,382 contracts, according to data from last week. This was a weekly rise of 10,694 contracts from the previous totals… See full article

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Copper Speculators trim bullish net positions for 8th out of last 9 weeks

The large speculator contracts of copper futures totaled a net position of 26,868 contracts, a weekly drop of -2,997 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