COT: Speculators cut USD bets for 4th week. VIX bets hit new record bearish high

November 2, 2019

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Here are the latest links to our coverage of the Commitment of Traders data changes.

This week in the COT data, US Dollar Index speculators decreased their bullish bets for a fourth consecutive week this week. Speculators have now dropped their overall USD bullish position to the lowest level in 10 weeks.

Mexican peso positions jumped to the most bullish level in 22 weeks with a gain this week by over +15,000 contracts.

Canadian dollar speculators boosted their bullish bets for a third consecutive week and nudged the current bullish standing to the highest level of the past 97 weeks.

British pound sterling specs, with a hard Brexit off the table for now, sharply dropped their bearish bets by over 20,000 contracts in each of the past two weeks.


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Precious metals speculators, meanwhile, bet in favor of Copper, Gold and Silver this week. Copper speculators sharply cut back on their bearish bets as the overall bearish position fell to the lowest bearish level in 3 months.

Gold speculators added to the existing bullish positions for the second straight week while Silver specs boosted their bullish bets for the third time in the past four weeks and pushed the current bullish position to a 6-week high.

VIX Volatility speculators once again raised their bearish bets and pushed the overall bearish position to the highest level on record at a total of -187,948 contracts. This new record bests the previous bearish level high of -180,359 contracts that was reached on April 30th.

10-year note speculators increased their bearish bets this week for the first time in the past 8 weeks and boosted the net bearish position back above the -100,000 contract level for the first time since October 8th.

Finally, WTI crude oil speculators advanced their bullish bets for a third consecutive week although the current net position remains slightly below year’s average net position of +398,468 contracts.


US Dollar Index Speculative bets dip to 10-week low. CAD, MXN & GBP bets bounce

Large currency speculators cut back on 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 boosted bullish bets for 3rd straight week

The large speculator contracts of WTI crude futures totaled a net position of 383,347 contracts, according to the latest data this week. This was a change of 17,175 contracts from the previous weekly total. See full article.


10-Year Note Speculators raised their bearish bets for 1st time in 8 weeks

Large speculator contracts of the 10-Year Bond futures totaled a net position of -116,066 contracts, according to the latest data this week. This was a change of -31,713 contracts from the previous weekly total. See full article.


Gold speculators raised their bullish bets for a 2nd week

Large precious metals speculator contracts of the Gold futures totaled a net position of 276,515 contracts, according to the latest data this week. This was a change of 17,383 contracts from the previous weekly total. See full article.


VIX Speculators pushed their bearish bets to new record high

Large stock market volatility speculator contracts of the VIX futures totaled a net position of -187,948 contracts, according to the latest data this week. This was a change of -16,712 contracts from the previous weekly total. See full article.


Silver Speculators advanced their bullish bets to 6-week high

Large precious metals speculator contracts of the silver futures totaled a net position of 53,678 contracts, according to the latest data this week. This was a change of 6,935 contracts from the previous weekly total. See full article.


Copper Speculators sharply pared their bearish bets to lowest in 3 months

Metals speculator contracts of the copper futures totaled a net position of -25,225 contracts, according to the latest data this week. This was a change of 16,348 contracts from the previous weekly total. See full article.


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*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).