By CountingPips.com – Receive our weekly COT Reports by Email
Here are this week’s links to the latest Commitment of Traders data changes that were released on Friday.
Last week in the COT data (delayed due to July 4th holiday), precious metals speculators continued to boost their Gold positions for a fifth consecutive week. Gold bullish positions have now gained by +172,258 net contracts in just the last five weeks.
Silver bets cooled off last week after four strong weekly gains previously. Silver speculative bets dipped by just -110 net contracts and remain above the +30,000 net contract threshold for a second straight week.
Copper speculators, meanwhile, raised their short bets again and for the tenth time out of the past eleven weeks.
In currencies, the USD Index Speculator bets were virtually unchanged this week while the Canadian dollar bets jumped for a second week over +20,000 contracts (CAD also went net bullish overall). Euro speculators sharply decreased their bearish bets by over +24,000 contracts last week.
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The 10-Year Bond speculators added to their existing bearish position this week after strongly bailing out of bearish bets in two out of three previous weeks.
The WTI Crude oil speculators raised their bullish net positions for a third straight week. This latest data saw bulls adding to their positions after two straight weekly gains due to short-covering.
Finally, VIX speculators once again continued to raise their bearish positions for a fourth straight week. The bearish sentiment has now risen to the highest level since May 7th which was one week after reaching an all-time record high position of -180,359 contracts on April 30th.
US Dollar Index Speculator bets edge up. Euro & Canadian dollar bets jump
Large currency speculators increased their net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. See full article.
WTI Crude Oil Speculators upped their bullish positions for 3rd week
The large speculator contracts of WTI crude futures totaled a net position of 392,810 contracts, according to the latest data this week. This was a change of 14,007 contracts from the previous weekly total. See full article.
10-Year Note Speculators pushed their bearish bets slightly higher
Large speculator contracts of the 10-Year Bond futures totaled a net position of -288,884 contracts, according to the latest data this week. This was a change of -7,785 contracts from the previous weekly total. See full article.
Gold Speculators increased their bullish bets to highest since 2016
Large precious metals speculator contracts of the Gold futures totaled a net position of 258,946 contracts, according to the latest data this week. This was a change of 22,392 contracts from the previous weekly total. See full article.
VIX Speculators raised their bearish bets for 4th straight week
Large stock market volatility speculator contracts of the VIX futures totaled a net position of -124,224 contracts, according to the latest data this week. This was a change of -7,530 contracts from the previous weekly total. See full article.
Silver Speculators slightly edged their bullish bets lower after 4 strong weeks of gains
Large precious metals speculator contracts of the silver futures totaled a net position of 30,455 contracts, according to the latest data this week. This was a change of -110 contracts from the previous weekly total. See full article.
Copper Speculators added to their bearish bets again last week
Metals speculator contracts of the copper futures totaled a net position of -29,216 contracts, according to the latest data this week. This was a change of -2,677 contracts from the previous weekly total. See full article.
Article By CountingPips.com – Receive our weekly COT Reports by Email
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).
Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).