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.
This week in the COT data, we saw the USD Index speculator bets edge a bit higher and gain for a third week. Canadian dollar speculator positions rose sharply and the CAD position is in bullish territory for a third week (the highest level since February 13th of 2018).
Speculators continued to add to their bearish bets for the British pound sterling for a fifth straight week to a total of -76,357 contracts. Euro positions, meanwhile, saw less bearish bets and the overall position is at the least bearish level since October.
Precious metals speculators added to their bullish bets in Gold and Silver this week. Gold positions bumped up a little bit higher after a down week last week while Silver bets surged by over +12,000 contracts and is now at the highest level since February.
Copper speculators lessened their bearish bets this week for the first time in about a month. The copper position has been extremely bearish over the past few months as speculator bets had fallen for eleven out of the previous twelve weeks before this week’s rebound.
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The 10-Year Bond positions went sharply more bearish this week after being virtually unchanged last week. Speculator bearish bets are back above the -300,000 net contract level for the first time in a month.
The WTI Crude oil speculators raised their bullish bets for the fourth time out of the past five weeks and pushed their current standing above the +400,000 net contract position for the first time since June 4th.
Finally, VIX speculators continue to push their bearish sentiment further and further as short bets have risen now for six straight weeks and for the eighth time out of the past nine weeks.
US Dollar Index Speculators edge bullish bets higher, Canadian Dollar bets gain sharply
Large currency speculators boosted 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 continue to advance their bullish bets this week
The large speculator contracts of WTI crude futures totaled a net position of 423,762 contracts, according to the latest data this week. This was a change of 33,613 contracts from the previous weekly total. See full article.
10-Year Note Speculators pushed their bearish bets higher this week
Large speculator contracts of the 10-Year Bond futures totaled a net position of -347,222 contracts, according to the latest data this week. This was a change of -58,386 contracts from the previous weekly total. See full article.
Gold Speculators edged their bullish bets slightly higher this week
Large precious metals speculator contracts of the Gold futures totaled a net position of 245,501 contracts, according to the latest data this week. This was a change of 738 contracts from the previous weekly total. See full article.
VIX Speculators continued to raise their bearish bets for 6th week
Large stock market volatility speculator contracts of the VIX futures totaled a net position of -141,797 contracts, according to the latest data this week. This was a change of -9,615 contracts from the previous weekly total. See full article.
Silver Speculators sharply boosted their bullish bets after 2 down weeks
Large precious metals speculator contracts of the silver futures totaled a net position of 37,425 contracts, according to the latest data this week. This was a change of 12,274 contracts from the previous weekly total. See full article.
Copper Speculators trimmed bearish bets for 1st time in 4 weeks
Metals speculator contracts of the copper futures totaled a net position of -31,943 contracts, according to the latest data this week. This was a change of 8,044 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).