InvestMacro

The cryptocurrency market digest (BTC, DOGE, XRP). Overview for 27.06.2022

The BTC is moderately growing at the beginning of the new week. The leading cryptocurrency is balancing at $21,409. Yesterday buyers were more optimistic, but the level of $21,900 turn out to be firm.

While stock market indices are favourable, there are serious chances for the continuation of this timid growth, as long as it remains cautious and slow. In case the BTC reaches above $21,900, a pathway to $22,800 will open. And if this level will be is also conquered, the next goal will be $24,000-$25,000. The medium-term picture looks bearish. The nearest important support remains at $19,700.

There is a correlation between the S&P 500, Nasdaq, and the BTC. A close eye should be kept on the stock market sentiment.

Mind that the fear index in the crypto market is now 12, though yesterday it was 14. These are extreme levels of stock market fear.

Top 10: DOGE is strong

On the Top 10 list of the most popular cryptocurrencies over the last 24 hours, the worst results were demonstrated by the BTC and ETH, losing about 1.5%, and the SOL (-2.3%). The BNB and ADA demonstrate a neutral position. A burst of optimism was shown by DOGE (+11.4%).

Miners have got into debts

According to Bloomberg, miners have taken $4 billion of loans for buying equipment. Simultaneously, the collateral value of equipment used as a deposit lost half of its price due to the BTC decline. Certain miners in debt had to default payments, while others are selling their businesses.

Ripple will open an office in Toronto

Ripple is planning to open an office in Toronto, Canada, making it the key development centre. For this, the company will have to employ 50 new developers, later increasing their number several times. With all the recent rumours about companies decreasing the number of employees in the crypto sector, Ripple looks like a safe haven.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Cryptocurrencies Financial News

27 Jun

The Analytical Overview of the Main Currency Pairs on 2022.06.27

By JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.0518
Prev Close: 1.0551
% chg. over the last day: +0.31%

German Business Climate Index data showed a decline over the past month. The ifo Business Climate Index fell to 92.3 in June from 93.0 in May. The most significant decline was in the manufacturing sector. But the business climate -improved in the services sector. This was due to a considerable decrease in skepticism from service providers. The business climate also continues to improve in the construction sector. Many European countries will release inflation data this week, and then the overall figure for the Eurozone will be published on Friday. Analysts believe that inflation will continue to accelerate.

Trading recommendations

Support levels: 1.0408, 1.0379
Resistance levels: 1.0555, 1.0611, 1.0680, 1.0723

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bearish. The price forms a wide corridor, and the MACD indicator has become inactive. Under such market conditions, sell deals can be considered from the resistance level of 1.0555 or from the upper border of the flat, but only after the additional confirmation. A price move above 1.0611 will change the priority. Buy trades are best to look for on intraday time frames from the support level of 1.0408 or from the lower border of the flat, but only with confirmation and short targets.

Alternative scenario: if the price breaks out through the 1.0611 resistance level and fixes above, the uptrend will likely resume.

News feed for 2022.06.27:

– German Retail Sales (m/m) at 09:00 (GMT+3);
– US Durable Goods Orders (m/m) at 15:30 (GMT+3);
– US Pending Home Sales (m/m) at 17:00 (GMT+3);
– Eurozone ECB President Lagarde Speaks at 20:30 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.2249
Prev Close: 1.2275
% chg. over the last day: +0.21%

A three-day forum with the main theme “Challenges for monetary policy in a rapidly changing world” will start on Monday in Sintra, Portugal. The forum will end with speeches by the heads of the Fed, the ECB, and the Bank of England on Wednesday, so investors should keep a close eye on this event.

Trading recommendations

Support levels: .2238, 1.2093, 1.1974
Resistance levels: 1.2422, 1.2470, 1.2523, 1.2629

From the technical point of view, the trend on the GBP/USD currency pair on the hourly time frame is bearish. The situation is very similar to the euro. The price forms a wide corridor, while the MACD indicator shows no activity. Under such market conditions, sell deals can be considered from the resistance level of 1.2422 or from the upper border of the flat, but only after the additional confirmation. Buy trades are best to look for on intraday time frames from the support level of 1.2238 or from the lower border of the flat, but only with confirmation and short targets.

Alternative scenario: if the price breaks out through the 1.2422 resistance level and fixes above, the uptrend will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 134.92
Prev Close: 135.15
% chg. over the last day: +0.17%

The Japanese yen has strengthened these days slightly, but it should be noted that this strengthening was due to a decrease in the dollar index. There is no fundamental reason for the yen to strengthen at the moment, as the Bank of Japan is still keeping its soft monetary policy, while the US Federal Reserve, as well as the central banks of England and Canada, are tightening policy. Such divergence has- caused the Japanese yen to make new price lows against major currencies.

Trading recommendations

Support levels: 134.10, 133.35, 131.67, 131.00, 130.12, 129.48, 128.76
Resistance levels: 135.23, 135.77, 136.66

The medium-term trend on the USD/JPY currency pair is bullish. The price is trading near the moving average lines and forming a wide price balance. The MACD indicator has become inactive. Under such market conditions, buy trades can be considered from the support level of 134.10 or 133.35, but with confirmation. A resistance level of 135.23 is good for sell deals, but only with additional confirmation and short targets.

Alternative scenario: If the price fixes below 133.35, the downtrend will likely resume.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.2995
Prev Close: 1.2892
% chg. over the last day: -0.80%

The Canadian dollar is a commodity currency, so it depends on the US Dollar Index and oil prices. The dollar index declined on Friday, while oil prices jumped during the last two trading sessions. As a result, the Canadian dollar has strengthened. It should be noted that the Bank of Canada is on its way to raising interest rates and the latest inflation data from Canada showed that inflation has not stopped rising. Therefore, on expectations of an aggressive rate hike at the next meeting, the Canadian dollar may continue its upward momentum in the near term.

Trading recommendations

Support levels: 1.2815, 1.2709, 1.2618, 1.2578, 1.2510
Resistance levels: 1.2893, 1.2956, 1.3068

In terms of technical analysis, the trend on the USD/CAD currency pair is bullish. But the MACD indicator became negative, and the price is trading below the moving averages. Buyers are losing the initiative. A price move below 1.2815 will change the priority. Under such market conditions, it is better to look for buy deals in the lower time frames from the support level of 1.2815. For sell deals, it is better to consider the resistance level of 1.2956, but it is also better with confirmation and short targets.

Alternative scenario: if the price breaks through and consolidates below the 1.2815 support level, the downtrend will likely resume.

There is no news feed for today.

By JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Financial News Forex and Currency News

27 Jun

Falling commodity prices last week eased inflation fears

By JustForex

At the close of the stock market on Friday, the Dow Jones index (US30) increased by 2.68% (+5.31% per week), while the S&P 500 index (US500) added 3.06% (+6.71% per week). Technology index NASDAQ (US100) gained 3.34% on Friday (+8.51% per week). All three indices closed in the plus as the week ended.

On Friday, Fed member Daly, the usual political dovish spokeswoman, indicated she supports a 75 basis point rate hike at the upcoming Fed meeting in July. At the same time, the indices have rallied substantially, suggesting that the 0.75% rate hike scenario at the next Fed meeting is probably already priced in. And since there is no new negativity, no new factors contribute to the decline. But analysts believe that inflation will not slow anytime soon, which means the Fed will raise rates more and move faster, putting downward pressure on the economy.

A significant factor last week was the drop in oil and commodity prices, which eased inflation fears and allowed stock markets to rebound. Falling commodity prices could help lower overall inflation, especially during the autumn months, which would reduce the need for aggressive monetary tightening.

The three-day forum will begin on Monday with the main topic “Challenges for monetary policy in a rapidly changing world.” The forum will conclude with speeches by the heads of the Fed, the ECB, and the Bank of England on Wednesday, so investors should keep a close eye on this event.

The second quarter is coming to a close. These six months have already been characterized by the fastest rate hike cycle in decades, market turmoil, and a war that has caused rising inflation. As investor expectations fluctuate between continued high inflation and an economic slowdown caused by hawkish central bank policies in major countries, few believe market volatility will subside anytime soon.

Stock markets in Europe traded higher on Friday. German DAX (DE30) gained 1.59% on Friday (-0.68% per week), French CAC 40 (FR 40) jumped by 3.23% (+2.91% per week), Spanish IBEX 35 (ES35) added 1.70% (+0.79% per week), British FTSE 100 (UK100) gained 2.68% on Friday (+2.74% per week).

On Sunday, G7 leaders promised to raise $600 billion in private and government funds over five years to finance needed infrastructure in developing countries. Biden said the United States would raise $200 billion over five years in grants, federal funds, and private investment to support projects in low- and middle-income countries. It will help fight climate change as well as improve global health, gender equality, and digital infrastructure. Europe is mobilizing 300 billion euros for the initiative over the same period.

US President Joe Biden and other G7 leaders have agreed to announce a ban on new gold imports from Russia. It will be part of a new sanctions package to be announced Tuesday.

Asian markets traded higher last week. Japan’s Nikkei 225 (JP225) gained 1.28% over the week, Hong Kong’s Hang Seng (HK50) jumped by 3.68%, and Australia’s S&P/ASX 200 (AU200) was up +1.60%.

The People’s Bank of China, with the Bank for International Settlements and five other regulators, will create a yuan-denominated reserve pool to provide liquidity to member countries during periods of market volatility. China, along with Chile, Indonesia, Malaysia, Hong Kong, and Singapore, will contribute at least 15 billion yuan ($2.2 billion) or the equivalent in US dollars to the so-called “RMB liquidity agreement.” Participating central banks will not only be able to use their contributions if liquidity is needed but will also have access to additional financing through a secured liquidity window. The agreement marks a move by Beijing to internationalize China’s currency, challenging the global financial system dominated by the US dollar.

Over the weekend, Russia launched new missile strikes against Ukraine’s two largest cities, Kyiv and Kharkiv. Russia has stepped up its use of cruise missiles, mainly striking at targets in northwestern Ukraine from Belarus. The Kremlin is also seriously considering military action against Lithuania. Last week, Lithuania banned the rail transit of sanctioned goods through its territory to Russia’s Kaliningrad region.

Russia is one step away from default. The issue is the payment of about $100 million on government bonds. The grace period for this payment ended on Sunday, June 26.

At the commodities market the biggest gains over the week showed the futures on lumber (+5.54%) and palladium (+3.21%). Cotton (-17.25%), corn (-13%), soybeans (-10.4%), natural gas (-9.74%), wheat (-9.4%), copper (-6.84%), orange juice (-6.34%) and platinum (-2.8%) futures showed the biggest drops.

Main market quotes:

S&P 500 (F) (US500) 3,911.74 +116.01 (+3.06%)

Dow Jones (US30) 31,500.68 +823.32 (+2.68%)

DAX (DE40) 13,118.13 +205.54 (+1.59%)

FTSE 100 (UK100) 7,208.81 +188.36 (+2.68%)

USD Index 104.12 -0.31 (-0.30%)

Important events for today:

– German Retail Sales (m/m) at 09:00 (GMT+3);
– US Durable Goods Orders (m/m) at 15:30 (GMT+3);
– US Pending Home Sales (m/m) at 17:00 (GMT+3);
– Eurozone ECB President Lagarde Speaks at 20:30 (GMT+3).

By JustForex

Economics & Fundamentals Financial News

26 Jun

Window of Opportunity – Valuations Below Pre-Pandemic Highs

By Ino.com

Window of Opportunity

Six months of relentless and indiscriminate selling has roiled the markets. This selling has reduced the frothy pandemic induced run-up in stocks back to pre-pandemic levels. In many cases stocks are trading well below the pre-pandemic highs.

Stocks are now presenting a window of opportunity for long-term investors at this juncture. With the collective P/E ratios reverting to its historical mean, oversold conditions at extremes and the inflation picture at a potential inflection point may combine to be a back half of the year reprieve.

This window of opportunity may not last too much longer based on historical bear market metrics so pounce and pounce harder if the markets slide further.

Mid-June Flushing?

Many commentators in the investing circles stated that a final washout in the market was likely needed prior to moving higher in any meaningful way.

Mid-June saw its worst weekly performance since March of 2020, dropping 5.8% for the S&P 500 while taking its overall decline to ~24%. After this brutal week, there hasn’t been any stock or sector that has been immune to the breadth of participation in this sell-off. As such, the market has now registered abnormal extremes in selling and oversold conditions.

Is this the washout that was needed to arrest the selling pressures in this market, and will this be an inflection point? A battery of indicators suggest that the markets are close to making a meaningful move higher very soon.

Inflection Point?

The percentage of S&P 500 stocks trading above their 50-day average hit a level that can’t go any lower as seen over the past 20 years. This level indicates extremely oversold conditions (Figure 1).

Figure 1 – Assessing overbought and oversold conditions via the percent of stocks relative to its 50 day moving average (adopted from CNBC).

It’s noteworthy to highlight that fewer than 25% of stocks are still within 20% of their 52-week high. The only times this was worse was the Covid crash and the 2007-2009 financial crisis. Over 42% of S&P 500 stocks hit a new 52-week low, only the tenth time since 1985 this total exceeded 40%.

The average Nasdaq stock has undergone a 50% drop from its high. The S&P 500 now trades at a level first reached more than 16 months ago in early 2021. This move negates the post-Covid advance in equity markets. The correction waves in February 2016 and December 2018 both bottomed at levels first reached nearly two years prior. Thus, these markets are reaching the point where the past two years of appreciation has been erased.

Stocks Are Looking Cheap

The current collective P/E a ~16, well off the pre-Covid high and not far above where it has bottomed in prior severe sell-offs in 2016, 2018 and 2020 closer to a P/E of ~14. The equal-weight S&P 500 finished mid-June at 13.1-times earnings. It’s noteworthy to point out that the markets bottomed in December 2018 at 12.9 and in March 2020 at 11 (Figure 2).

Figure 2 – Assessing P/E ratios over the past 10 years (adopted from CNBC).

Conclusion

The relentless and indiscriminate selling has reduced the frothy pandemic induced run-up in stocks back to pre-pandemic levels. Stocks are now presenting a window of opportunity for long-term investors at this juncture.

With the collective P/E ratios reverting to its historical mean, oversold conditions at extremes and the inflation picture at a potential inflection point may combine to be a back half of the year reprieve.

The percentage of S&P 500 stocks trading above their 50-day average hit a level that can’t go any lower as measured relative to the past 20 years. This level indicates extremely oversold conditions.

Fewer than 25% of stocks are still within 20% of their 52-week high. The only times this was worse was the Covid crash and the 2007-2009 financial crisis. Over 42% of S&P 500 stocks hit a new 52-week low, only the tenth time since 1985 this total exceeded 40%. The average Nasdaq stock has undergone a 50% drop from its high.

Bank of America’s Bull & Bear Indicator, which captures fund flows and other market-based risk-appetite measures, is well in the fearful depths that typically imply a buying opportunity. During prolonged stressed periods (i.e., 2000-’02 and 2008-’09) bear markets had this gauge persistently stuck at these low levels while prices continued to trend lower.

This window of opportunity may not last too much longer based on historical bear market metrics so pounce and pounce harder if the markets slide further.

Noah Kiedrowski
INO.com Contributor

Disclosure: Stock Options Dad LLC is a Registered Investment Adviser (RIA) firm specializing in options-based services and education. There are no business relationships with any companies mentioned in this article. This article reflects the opinions of the RIA. Any recommendation contained in this article is subject to change at any time. No recommendation is intended to constitute an entire portfolio. The author encourages all investors to conduct their own research and due diligence prior to investing or taking any actions in options trading. Please feel free to comment and provide feedback; the author values all responses. The author is the founder and Managing Member of Stock Options Dad LLC – A Registered Investment Adviser (RIA) firm www.stockoptionsdad.com defining risk, leveraging a minimal amount of capital and maximizing return on investment. For more engaging, short-duration options-based content, visit Stock Options Dad LLC’s YouTube channel. Please direct all inquires to [email protected]. The author holds shares of AAPL, ACN, ADBE, AMD, AMZN, ARKK, AXP, BA, BBY, C, CMG, CRM, DIA, DIS, FB, FDX, FXI, GOOGL, GS, HD, HON, IBB, INTC, IWM, JPM, MA, MS, MSFT, NKE, NVDA, PYPL, QCOM, QQQ, SBUX, SPY, SQ, TMO, and V.

By Ino.com – See our Trader Blog, INO TV Free & Market Analysis Alerts

Source: Window of Opportunity – Valuations Below Pre-Pandemic Highs

Financial News Stock Market News

26 Jun

Currency Speculators boost Japanese Yen bets to 15-week high while Canadian dollar bets drop sharply

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Currency market speculator bets overall were mixed this week as five out of the eleven currency markets we cover (Note: Russian Ruble positions have not been updated by CFTC since March) had higher positioning this week while six markets had lower contracts for the week.

Leading the gains for currency markets was the Japanese yen (11,301 contracts) and the British pound sterling (2,349 contracts) with the Australian dollar (2,648 contracts), New Zealand dollar (1,415 contracts) and the US Dollar Index (534 contracts) also showing positive changes on the week.

Meanwhile, leading the declines in speculator bets this week were the Canadian dollar (-19,097 contracts) and the Euro (-9,587 contracts) with the Brazil real (-2,868 contracts), Mexican peso (-489 contracts), Swiss franc (-349 contracts) and Bitcoin (-15 contracts) also showing lower speculator positions through June 21st.

Currency Position Notables:

Japanese Yen large speculator bets rose for the 6th straight week this week and this improvement has brought the overall speculator standing to the least bearish level of the past 15 weeks at -58,454 contracts. Speculators have trimmed a total of 52,000 contracts off of the total bearish position in these past six weeks after the standing hit -110,454 contracts on May 10th. Yen bets have been in bearish territory since March 13th of 2021 (67 weeks running) with the highest bearish level of the cycle occurring on April 12th at a total of -111,827 contracts.

Canadian dollar bets dropped sharply by -19,097 contracts this week and fell for the first time in the last five weeks. CAD speculator bets had risen over the previous four weeks by a total of +37,698 contracts. The decline this week brings the CAD speculator position into a virtual neutral level at an overall bullish position of just +4,105 contracts as the speculator position has yet to find a sustainable trend and has been alternating between bearish and bullish net positions over the past few months.

The US Dollar Index rose for a 3rd straight week this week and hit a new 5-year high level at +45,010 contracts. This is the first time the overall position has topped +45,000 contracts since March 21st of 2017 and the continued bullish sentiment for the DXY has pushed the US Dollar Index strength score (3-year range) to the very top of its range (100 percent – extreme bullish).

Euro positions fell for the third straight week and dropped to its most bearish level of the past 29 weeks. The strength score for the Euro has dropped to just a 30.2 percent and it seems the speculator positioning is catching up to the bearishness of the EURUSD exchange rate. The speculator net position had been at a twelve-week high on May 31st at a total of +52,272 contracts before dropping over the past three weeks to settle at -15,605 contracts this week.

Strength scores (3-Year range of Speculator positions, ranging from 0 to 100 where above 80 percent is extreme bullish, below 20 percent is extreme bearish and 100 percent is the top of the range) show that the US Dollar Index (100 percent), Bitcoin (99.7 percent) and the Brazilian Real (94 percent) are all in extreme bullish positions. On the bearish side, the Mexican Peso is the only currency currently in an extreme bearish position with a score of 15.9 percent.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the Japanese Yen (32.0 percent) and the Swiss Franc (21.8 percent) are leading the strength trends over the past six weeks. Both of these markets have overall bearish net positions but have seen the bearish sentiment cooling off strongly. The Mexican Peso leads the downside trends for another week with a -18.6 percent score.

Data Snapshot of Forex Market Traders | Columns Legend

Jun-21-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	58,543	86	45,010	100	-46,746	2	1,736	36
EUR	671,718	70	-15,605	30	-18,182	71	33,787	30
GBP	228,266	57	-63,247	28	77,902	76	-14,655	25
JPY	218,076	67	-58,454	33	74,349	72	-15,895	21
CHF	37,669	16	-7,157	38	14,958	67	-7,801	31
CAD	140,047	23	4,105	44	-6,578	63	2,473	35
AUD	137,017	35	-40,606	47	44,608	52	-4,002	43
NZD	42,889	30	-5,423	62	8,756	44	-3,333	13
MXN	191,265	45	-26,870	16	22,977	82	3,893	60
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	68,858	65	44,345	94	-45,996	6	1,651	84
Bitcoin	13,537	77	1,046	100	-995	0	-51	12

US Dollar Index Futures:

The US Dollar Index large speculator standing this week recorded a net position of 45,010 contracts in the data reported through Tuesday. This was a weekly boost of 534 contracts from the previous week which had a total of 44,476 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 1.6 percent and the small traders (not shown in chart) are Bearish with a score of 35.5 percent.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	88.2	2.9	7.7
– Percent of Open Interest Shorts:	11.3	82.7	4.8
– Net Position:	45,010	-46,746	1,736
– Gross Longs:	51,606	1,676	4,522
– Gross Shorts:	6,596	48,422	2,786
– Long to Short Ratio:	7.8 to 1	0.0 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	100.0	1.6	35.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.1	-15.2	-7.2

Euro Currency Futures:

The Euro Currency large speculator standing this week recorded a net position of -15,605 contracts in the data reported through Tuesday. This was a weekly decrease of -9,587 contracts from the previous week which had a total of -6,018 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.2 percent. The commercials are Bullish with a score of 70.9 percent and the small traders (not shown in chart) are Bearish with a score of 30.4 percent.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.1	55.6	12.7
– Percent of Open Interest Shorts:	31.4	58.3	7.7
– Net Position:	-15,605	-18,182	33,787
– Gross Longs:	195,554	373,695	85,208
– Gross Shorts:	211,159	391,877	51,421
– Long to Short Ratio:	0.9 to 1	1.0 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	30.2	70.9	30.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.9	7.0	12.1

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week recorded a net position of -63,247 contracts in the data reported through Tuesday. This was a weekly boost of 2,349 contracts from the previous week which had a total of -65,596 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.4 percent. The commercials are Bullish with a score of 75.8 percent and the small traders (not shown in chart) are Bearish with a score of 25.3 percent.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.5	77.6	7.8
– Percent of Open Interest Shorts:	40.2	43.5	14.2
– Net Position:	-63,247	77,902	-14,655
– Gross Longs:	28,470	177,170	17,735
– Gross Shorts:	91,717	99,268	32,390
– Long to Short Ratio:	0.3 to 1	1.8 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	28.4	75.8	25.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.8	-10.3	2.1

Japanese Yen Futures:

The Japanese Yen large speculator standing this week recorded a net position of -58,454 contracts in the data reported through Tuesday. This was a weekly advance of 11,301 contracts from the previous week which had a total of -69,755 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.9 percent. The commercials are Bullish with a score of 71.9 percent and the small traders (not shown in chart) are Bearish with a score of 21.1 percent.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.4	71.6	10.6
– Percent of Open Interest Shorts:	43.3	37.6	17.9
– Net Position:	-58,454	74,349	-15,895
– Gross Longs:	35,864	156,248	23,099
– Gross Shorts:	94,318	81,899	38,994
– Long to Short Ratio:	0.4 to 1	1.9 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	32.9	71.9	21.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	32.0	-24.7	-2.9

Swiss Franc Futures:

The Swiss Franc large speculator standing this week recorded a net position of -7,157 contracts in the data reported through Tuesday. This was a weekly decline of -349 contracts from the previous week which had a total of -6,808 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.4 percent. The commercials are Bullish with a score of 67.3 percent and the small traders (not shown in chart) are Bearish with a score of 31.1 percent.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.1	66.2	25.7
– Percent of Open Interest Shorts:	27.1	26.5	46.4
– Net Position:	-7,157	14,958	-7,801
– Gross Longs:	3,068	24,927	9,673
– Gross Shorts:	10,225	9,969	17,474
– Long to Short Ratio:	0.3 to 1	2.5 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	38.4	67.3	31.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.8	-23.7	21.2

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week recorded a net position of 4,105 contracts in the data reported through Tuesday. This was a weekly reduction of -19,097 contracts from the previous week which had a total of 23,202 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.0 percent. The commercials are Bullish with a score of 63.2 percent and the small traders (not shown in chart) are Bearish with a score of 35.1 percent.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.2	47.9	20.7
– Percent of Open Interest Shorts:	27.2	52.6	18.9
– Net Position:	4,105	-6,578	2,473
– Gross Longs:	42,260	67,084	29,011
– Gross Shorts:	38,155	73,662	26,538
– Long to Short Ratio:	1.1 to 1	0.9 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.0	63.2	35.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.7	-7.9	0.0

Australian Dollar Futures:

The Australian Dollar large speculator standing this week recorded a net position of -40,606 contracts in the data reported through Tuesday. This was a weekly gain of 2,648 contracts from the previous week which had a total of -43,254 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.2 percent. The commercials are Bullish with a score of 52.2 percent and the small traders (not shown in chart) are Bearish with a score of 42.7 percent.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.2	60.2	13.7
– Percent of Open Interest Shorts:	52.8	27.7	16.6
– Net Position:	-40,606	44,608	-4,002
– Gross Longs:	31,745	82,514	18,756
– Gross Shorts:	72,351	37,906	22,758
– Long to Short Ratio:	0.4 to 1	2.2 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.2	52.2	42.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-1.9	3.4

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week recorded a net position of -5,423 contracts in the data reported through Tuesday. This was a weekly lift of 1,415 contracts from the previous week which had a total of -6,838 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.2 percent. The commercials are Bearish with a score of 43.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.3 percent.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.2	60.8	5.0
– Percent of Open Interest Shorts:	46.8	40.3	12.8
– Net Position:	-5,423	8,756	-3,333
– Gross Longs:	14,652	26,056	2,145
– Gross Shorts:	20,075	17,300	5,478
– Long to Short Ratio:	0.7 to 1	1.5 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.2	43.9	13.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.7	-12.5	6.3

Mexican Peso Futures:

The Mexican Peso large speculator standing this week recorded a net position of -26,870 contracts in the data reported through Tuesday. This was a weekly fall of -489 contracts from the previous week which had a total of -26,381 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.9 percent. The commercials are Bullish-Extreme with a score of 82.4 percent and the small traders (not shown in chart) are Bullish with a score of 59.5 percent.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	50.3	45.8	3.3
– Percent of Open Interest Shorts:	64.3	33.8	1.3
– Net Position:	-26,870	22,977	3,893
– Gross Longs:	96,147	87,609	6,317
– Gross Shorts:	123,017	64,632	2,424
– Long to Short Ratio:	0.8 to 1	1.4 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.9	82.4	59.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.6	18.3	-1.1

Brazilian Real Futures:

The Brazilian Real large speculator standing this week recorded a net position of 44,345 contracts in the data reported through Tuesday. This was a weekly fall of -2,868 contracts from the previous week which had a total of 47,213 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.0 percent. The commercials are Bearish-Extreme with a score of 6.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.1 percent.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	80.7	14.6	4.7
– Percent of Open Interest Shorts:	16.3	81.3	2.3
– Net Position:	44,345	-45,996	1,651
– Gross Longs:	55,599	10,020	3,238
– Gross Shorts:	11,254	56,016	1,587
– Long to Short Ratio:	4.9 to 1	0.2 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	94.0	6.4	84.1
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	3.5	-3.9	4.7

Bitcoin Futures:

The Bitcoin large speculator standing this week recorded a net position of 1,046 contracts in the data reported through Tuesday. This was a weekly decline of -15 contracts from the previous week which had a total of 1,061 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 99.7 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.8 percent.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	77.5	0.6	7.7
– Percent of Open Interest Shorts:	69.8	7.9	8.1
– Net Position:	1,046	-995	-51
– Gross Longs:	10,495	78	1,048
– Gross Shorts:	9,449	1,073	1,099
– Long to Short Ratio:	1.1 to 1	0.1 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	99.7	0.0	11.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.3	-11.9	-3.1

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

CountingPips Forex Blog Forex and Currency News investing Opinions

26 Jun

COT Week 25 Charts: Metals Speculator bets slightly higher as Gold & Silver bets gain

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

COT metals market speculator bets were mostly higher for the week as three out of the five metals markets we cover had higher positioning this week while two markets had lower contracts.

Leading the gains for the precious metals markets was Gold (8,689 contracts) and Silver (4,414 contracts) with Palladium (11 contracts) also showing a small positive week. Meanwhile, leading the declines in speculator bets this week was Copper (-7,141 contracts) while Platinum (-723 contracts) also registered lower bets on the week.

Notes:

Highlighting the data for metals this week is the Gold positioning. Gold speculative positions rebounded a bit this week after seeing a sharp decline last week of over -20,000 contracts. The Gold net position has been mostly on the defensive since March 8th when the spec level had reached a total of +274,388 contracts which was a 61-week high, dating back to January 5th of 2021. Since then, the overall bullish position has shed a total of -111,101 contracts to settle at this week’s net standing of +163,287 contracts (just 4.4 percent level of its 3-year range). The Gold futures price, however, remains in an uptrend on the daily charts and is sitting right on a significant upward trendline that started in March of 2021.

Silver positioning, much like Gold’s, has been under pressure over the past fifteen weeks. On March 8th, Silver bets reached a forty-three week high at +52,297 contracts, coinciding with the Silver futures price hitting a 2022 high of $27.49. Since then, speculator bets have cooled and have fallen in ten out of the past fifteen weeks (and by a total of -33,878 contracts) to this week’s standing of just +18,419 contracts. The Silver futures price has been on a downtrend since April, currently trading at just over $21.00 and possibly on its way towards the significant psychological level of $20.00.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Copper (27 percent) remains the only precious metals futures market that is not in an extreme bearish level (below 20 percent). A rising interest rate environment with a strong US Dollar has weighed on the precious metals category as speculator futures sentiment continues to be really weak at the moment.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that Gold (-15.1 percent) and Palladium (-4.5 percent) lead the downward trends over the past six weeks. Copper (1.2 percent) and Platinum (0.2 percent) are the only two markets with positive trends over the time period.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-21-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,658,636	0	289,502	0	-323,915	100	34,413	64
Gold	500,276	14	163,287	4	-186,929	96	23,642	14
Silver	145,356	12	18,419	7	-27,250	93	8,831	4
Copper	187,170	17	-20,938	27	18,928	72	2,010	37
Palladium	7,641	6	-4,046	0	4,511	100	-465	17
Platinum	64,946	30	1,491	6	-6,397	96	4,906	30
Natural Gas	1,030,971	0	-130,869	39	85,977	58	44,892	86
Brent	173,098	18	-38,010	47	36,052	53	1,958	36
Heating Oil	268,818	23	9,564	56	-28,204	41	18,640	63
Soybeans	745,494	32	178,379	68	-152,968	38	-25,411	28
Corn	1,512,152	23	380,169	79	-326,474	25	-53,695	12
Coffee	192,832	0	49,371	81	-52,348	22	2,977	20
Sugar	779,773	0	163,111	70	-181,280	34	18,169	30
Wheat	320,326	6	19,067	44	-15,407	38	-3,660	91

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week came in at a net position of 163,287 contracts in the data reported through Tuesday. This was a weekly rise of 8,689 contracts from the previous week which had a total of 154,598 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 4.4 percent. The commercials are Bullish-Extreme with a score of 96.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.7 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.6	24.0	8.9
– Percent of Open Interest Shorts:	21.0	61.4	4.1
– Net Position:	163,287	-186,929	23,642
– Gross Longs:	268,119	120,045	44,380
– Gross Shorts:	104,832	306,974	20,738
– Long to Short Ratio:	2.6 to 1	0.4 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	4.4	96.0	13.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.1	19.7	-38.5

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week came in at a net position of 18,419 contracts in the data reported through Tuesday. This was a weekly increase of 4,414 contracts from the previous week which had a total of 14,005 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 6.9 percent. The commercials are Bullish-Extreme with a score of 93.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.2 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.5	37.7	17.2
– Percent of Open Interest Shorts:	24.8	56.5	11.1
– Net Position:	18,419	-27,250	8,831
– Gross Longs:	54,451	54,828	25,018
– Gross Shorts:	36,032	82,078	16,187
– Long to Short Ratio:	1.5 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	6.9	93.4	4.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.0	4.2	-13.8

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week came in at a net position of -20,938 contracts in the data reported through Tuesday. This was a weekly decline of -7,141 contracts from the previous week which had a total of -13,797 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 27.3 percent. The commercials are Bullish with a score of 72.5 percent and the small traders (not shown in chart) are Bearish with a score of 36.9 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	55.5	9.0
– Percent of Open Interest Shorts:	38.0	45.3	8.0
– Net Position:	-20,938	18,928	2,010
– Gross Longs:	50,230	103,789	16,909
– Gross Shorts:	71,168	84,861	14,899
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	27.3	72.5	36.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.2	-0.2	-7.9

Platinum Futures:

The Platinum Futures large speculator standing this week came in at a net position of 1,491 contracts in the data reported through Tuesday. This was a weekly fall of -723 contracts from the previous week which had a total of 2,214 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 5.5 percent. The commercials are Bullish-Extreme with a score of 96.2 percent and the small traders (not shown in chart) are Bearish with a score of 30.4 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.5	43.9	13.0
– Percent of Open Interest Shorts:	37.2	53.7	5.4
– Net Position:	1,491	-6,397	4,906
– Gross Longs:	25,676	28,487	8,413
– Gross Shorts:	24,185	34,884	3,507
– Long to Short Ratio:	1.1 to 1	0.8 to 1	2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	5.5	96.2	30.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.2	-1.4	12.5

Palladium Futures:

The Palladium Futures large speculator standing this week came in at a net position of -4,046 contracts in the data reported through Tuesday. This was a weekly lift of 11 contracts from the previous week which had a total of -4,057 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.1 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.0 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.2	74.0	12.6
– Percent of Open Interest Shorts:	66.2	15.0	18.6
– Net Position:	-4,046	4,511	-465
– Gross Longs:	1,009	5,655	960
– Gross Shorts:	5,055	1,144	1,425
– Long to Short Ratio:	0.2 to 1	4.9 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.1	100.0	17.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.5	6.0	-16.0

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog investing Metals Opinions

25 Jun

COT Week 25 Charts: Bond Market Speculator bets rose this week led by 5-Year & 2-Year Bonds

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

COT bond market speculator bets were overall higher this week as five out of the eight bond markets we cover had higher positioning this week while three markets had lower contracts.

Leading the gains for the bond markets was the 5-Year Bond (86,980 contracts) and the 2-Year Bond (41,139 contracts) with the Ultra 10-Year Bond (17,501 contracts), Fed Funds (13,490 contracts) and the Long US Bond (10,078 contracts) also showing higher speculator bets for the week. Meanwhile, leading the declines in speculator bets this week were the Eurodollar (-143,197 contracts) and the 10-Year Bond (-22,655 contracts) with the Ultra US Bond (-3,455 contracts) also seeing lower speculator bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the US Treasury Bond (78.3 percent) is at the highest level of the bonds markets currently with the 5-Year Bond (65 percent), 2-Year Bond (58.2 percent), and Fed Funds (55 percent) following. The Ultra 10-Year Bonds (12.2 percent) and 3-Month Eurodollars (16.2 percent) continue to remain in bearish-extreme levels and have the weakest speculator strength scores at the moment.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the 5-Year Bond (38.9 percent) continues to lead the strength trends. Next up is Eurodollars (11.1 percent) and then Fed Funds with a 9.3 percent strength change over the past six weeks. The 10-Year Bonds (-21.6 percent) leads the falling speculator trends over the past six weeks followed by the Ultra US Treasury Bonds (-13.7 percent) and then the US Treasury Bond (-11.3 percent).

Data Snapshot of Bond Market Traders | Columns Legend

Jun-21-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	9,411,173	11	-1,997,889	16	2,355,143	83	-357,254	26
FedFunds	1,646,303	50	124,421	55	-125,477	45	1,056	62
2-Year	2,086,917	13	-119,283	58	205,599	65	-86,316	13
Long T-Bond	1,177,791	45	-19,322	78	37,921	26	-18,599	38
10-Year	3,440,085	25	-228,184	38	404,754	70	-176,570	38
5-Year	3,854,228	43	-104,091	65	289,493	49	-185,402	30

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week was a net position of -1,997,889 contracts in the data reported through Tuesday. This was a weekly reduction of -143,197 contracts from the previous week which had a total of -1,854,692 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.2 percent. The commercials are Bullish-Extreme with a score of 83.2 percent and the small traders (not shown in chart) are Bearish with a score of 25.8 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.5	69.6	4.3
– Percent of Open Interest Shorts:	27.8	44.6	8.1
– Net Position:	-1,997,889	2,355,143	-357,254
– Gross Longs:	614,934	6,554,406	400,504
– Gross Shorts:	2,612,823	4,199,263	757,758
– Long to Short Ratio:	0.2 to 1	1.6 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.2	83.2	25.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	11.1	-12.0	16.0

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week was a net position of 124,421 contracts in the data reported through Tuesday. This was a weekly advance of 13,490 contracts from the previous week which had a total of 110,931 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.0 percent. The commercials are Bearish with a score of 44.7 percent and the small traders (not shown in chart) are Bullish with a score of 62.4 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.1	70.0	2.6
– Percent of Open Interest Shorts:	6.5	77.6	2.6
– Net Position:	124,421	-125,477	1,056
– Gross Longs:	231,344	1,151,997	43,549
– Gross Shorts:	106,923	1,277,474	42,493
– Long to Short Ratio:	2.2 to 1	0.9 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.0	44.7	62.4
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.3	-9.3	2.4

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week was a net position of -119,283 contracts in the data reported through Tuesday. This was a weekly gain of 41,139 contracts from the previous week which had a total of -160,422 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.2 percent. The commercials are Bullish with a score of 64.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.6 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.3	76.8	6.4
– Percent of Open Interest Shorts:	18.0	67.0	10.6
– Net Position:	-119,283	205,599	-86,316
– Gross Longs:	257,375	1,603,236	134,031
– Gross Shorts:	376,658	1,397,637	220,347
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.2	64.8	12.6
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.5	0.9	-4.8

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week was a net position of -104,091 contracts in the data reported through Tuesday. This was a weekly lift of 86,980 contracts from the previous week which had a total of -191,071 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.0 percent. The commercials are Bearish with a score of 48.6 percent and the small traders (not shown in chart) are Bearish with a score of 30.1 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	9.7	80.9	7.6
– Percent of Open Interest Shorts:	12.4	73.4	12.4
– Net Position:	-104,091	289,493	-185,402
– Gross Longs:	373,807	3,119,594	292,913
– Gross Shorts:	477,898	2,830,101	478,315
– Long to Short Ratio:	0.8 to 1	1.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.0	48.6	30.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	38.9	-25.9	-2.4

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week was a net position of -228,184 contracts in the data reported through Tuesday. This was a weekly fall of -22,655 contracts from the previous week which had a total of -205,529 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 37.8 percent. The commercials are Bullish with a score of 70.0 percent and the small traders (not shown in chart) are Bearish with a score of 37.9 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.8	80.3	8.4
– Percent of Open Interest Shorts:	14.5	68.5	13.5
– Net Position:	-228,184	404,754	-176,570
– Gross Longs:	269,685	2,760,756	287,654
– Gross Shorts:	497,869	2,356,002	464,224
– Long to Short Ratio:	0.5 to 1	1.2 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	37.8	70.0	37.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.6	16.2	1.4

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week was a net position of -63,706 contracts in the data reported through Tuesday. This was a weekly boost of 17,501 contracts from the previous week which had a total of -81,207 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 12.2 percent. The commercials are Bullish-Extreme with a score of 94.9 percent and the small traders (not shown in chart) are Bearish with a score of 26.5 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.6	85.6	8.9
– Percent of Open Interest Shorts:	9.8	68.0	21.2
– Net Position:	-63,706	212,999	-149,293
– Gross Longs:	55,061	1,035,003	107,499
– Gross Shorts:	118,767	822,004	256,792
– Long to Short Ratio:	0.5 to 1	1.3 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	12.2	94.9	26.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.3	1.5	-23.2

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week was a net position of -19,322 contracts in the data reported through Tuesday. This was a weekly rise of 10,078 contracts from the previous week which had a total of -29,400 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.3 percent. The commercials are Bearish with a score of 26.5 percent and the small traders (not shown in chart) are Bearish with a score of 37.8 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	8.4	77.1	13.2
– Percent of Open Interest Shorts:	10.1	73.9	14.7
– Net Position:	-19,322	37,921	-18,599
– Gross Longs:	99,282	907,963	154,938
– Gross Shorts:	118,604	870,042	173,537
– Long to Short Ratio:	0.8 to 1	1.0 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.3	26.5	37.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.3	14.8	-6.5

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week was a net position of -345,056 contracts in the data reported through Tuesday. This was a weekly reduction of -3,455 contracts from the previous week which had a total of -341,601 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.4 percent. The commercials are Bullish with a score of 70.0 percent and the small traders (not shown in chart) are Bearish with a score of 48.5 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.3	85.1	11.4
– Percent of Open Interest Shorts:	30.3	60.3	9.2
– Net Position:	-345,056	316,836	28,220
– Gross Longs:	42,428	1,089,411	145,784
– Gross Shorts:	387,484	772,575	117,564
– Long to Short Ratio:	0.1 to 1	1.4 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.4	70.0	48.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.7	12.8	5.3

Article By InvestMacro – Receive our weekly COT Reports by Email

Bonds CountingPips Forex Blog Financial News

25 Jun

COT Week 25 Charts: Soft Commodity Speculator bets slightly lower led by Corn & Sugar

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The soft commodities market speculator bets were mostly lower this week as six out of the eleven soft commodities markets we cover had higher positioning this week while five markets had lower contracts.

Leading the gains for soft commodities markets was Live Cattle (7,378 contracts) and Cocoa (6,674 contracts) with Soybean Meal (6,540 contracts), Lean Hogs (4,673 contracts) and Coffee (2,486 contracts) also showing positive speculator contract changes for the week. Meanwhile, leading the declines in speculator bets this week were Corn (-19,606 contracts) and Sugar (-7,372 contracts) with Soybean Oil (-5,868 contracts), Soybeans (-4,288 contracts), Wheat (-1,368 contracts) and Cotton (-210 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Coffee (81 percent) and Soybean Meal (80.6 percent) are in extreme bullish positions as of the latest data release. On the downside for strength scores is Lean Hogs (19.9 percent) which is just on the edge of being in a bearish extreme position and then Cocoa (20.9 percent) which is the next lowest.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that Coffee (14.5 percent) and Soybean Meal (6.3 percent) have the highest trends as of the latest data. The overall effect of this chart shows how most of the soft commodities markets have really cooled off after really strong speculator sentiment since the start of the year.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-21-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,658,636	0	289,502	0	-323,915	100	34,413	64
Gold	500,276	14	163,287	4	-186,929	96	23,642	14
Silver	145,356	12	18,419	7	-27,250	93	8,831	4
Copper	187,170	17	-20,938	27	18,928	72	2,010	37
Palladium	7,641	6	-4,046	0	4,511	100	-465	17
Platinum	64,946	30	1,491	6	-6,397	96	4,906	30
Natural Gas	1,030,971	0	-130,869	39	85,977	58	44,892	86
Brent	173,098	18	-38,010	47	36,052	53	1,958	36
Heating Oil	268,818	23	9,564	56	-28,204	41	18,640	63
Soybeans	745,494	32	178,379	68	-152,968	38	-25,411	28
Corn	1,512,152	23	380,169	79	-326,474	25	-53,695	12
Coffee	192,832	0	49,371	81	-52,348	22	2,977	20
Sugar	779,773	0	163,111	70	-181,280	34	18,169	30
Wheat	320,326	6	19,067	44	-15,407	38	-3,660	91

CORN Futures:

The CORN large speculator standing this week reached a net position of 380,169 contracts in the data reported through Tuesday. This was a weekly fall of -19,606 contracts from the previous week which had a total of 399,775 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.6 percent. The commercials are Bearish with a score of 25.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.1 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.3	44.7	9.3
– Percent of Open Interest Shorts:	8.2	66.3	12.9
– Net Position:	380,169	-326,474	-53,695
– Gross Longs:	504,174	675,580	140,912
– Gross Shorts:	124,005	1,002,054	194,607
– Long to Short Ratio:	4.1 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.6	25.4	12.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.6	12.6	1.1

SUGAR Futures:

The SUGAR large speculator standing this week reached a net position of 163,111 contracts in the data reported through Tuesday. This was a weekly fall of -7,372 contracts from the previous week which had a total of 170,483 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 70.1 percent. The commercials are Bearish with a score of 33.8 percent and the small traders (not shown in chart) are Bearish with a score of 30.3 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.1	49.2	9.0
– Percent of Open Interest Shorts:	8.2	72.4	6.7
– Net Position:	163,111	-181,280	18,169
– Gross Longs:	227,142	383,646	70,240
– Gross Shorts:	64,031	564,926	52,071
– Long to Short Ratio:	3.5 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	70.1	33.8	30.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.9	7.5	-18.9

COFFEE Futures:

The COFFEE large speculator standing this week reached a net position of 49,371 contracts in the data reported through Tuesday. This was a weekly gain of 2,486 contracts from the previous week which had a total of 46,885 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 81.5 percent. The commercials are Bearish with a score of 21.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.8 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.3	47.6	4.4
– Percent of Open Interest Shorts:	4.7	74.7	2.8
– Net Position:	49,371	-52,348	2,977
– Gross Longs:	58,442	91,789	8,425
– Gross Shorts:	9,071	144,137	5,448
– Long to Short Ratio:	6.4 to 1	0.6 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	81.5	21.7	19.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	14.5	-17.0	19.8

SOYBEANS Futures:

The SOYBEANS large speculator standing this week reached a net position of 178,379 contracts in the data reported through Tuesday. This was a weekly decrease of -4,288 contracts from the previous week which had a total of 182,667 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.5 percent. The commercials are Bearish with a score of 37.9 percent and the small traders (not shown in chart) are Bearish with a score of 28.1 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.3	50.5	6.6
– Percent of Open Interest Shorts:	6.4	71.0	10.0
– Net Position:	178,379	-152,968	-25,411
– Gross Longs:	226,191	376,155	49,215
– Gross Shorts:	47,812	529,123	74,626
– Long to Short Ratio:	4.7 to 1	0.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	68.5	37.9	28.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.1	-1.6	2.5

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week reached a net position of 67,530 contracts in the data reported through Tuesday. This was a weekly reduction of -5,868 contracts from the previous week which had a total of 73,398 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.9 percent. The commercials are Bearish with a score of 48.9 percent and the small traders (not shown in chart) are Bullish with a score of 52.0 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.0	52.9	8.4
– Percent of Open Interest Shorts:	7.6	73.0	5.7
– Net Position:	67,530	-77,869	10,339
– Gross Longs:	96,861	205,007	32,564
– Gross Shorts:	29,331	282,876	22,225
– Long to Short Ratio:	3.3 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	50.9	48.9	52.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-22.0	24.5	-29.5

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week reached a net position of 95,371 contracts in the data reported through Tuesday. This was a weekly advance of 6,540 contracts from the previous week which had a total of 88,831 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 80.6 percent. The commercials are Bearish with a score of 20.7 percent and the small traders (not shown in chart) are Bullish with a score of 60.0 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.5	42.8	11.8
– Percent of Open Interest Shorts:	3.9	72.6	5.7
– Net Position:	95,371	-119,799	24,428
– Gross Longs:	110,934	172,823	47,533
– Gross Shorts:	15,563	292,622	23,105
– Long to Short Ratio:	7.1 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.6	20.7	60.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	6.3	-6.1	2.6

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week reached a net position of 40,122 contracts in the data reported through Tuesday. This was a weekly advance of 7,378 contracts from the previous week which had a total of 32,744 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.7 percent. The commercials are Bullish with a score of 60.4 percent and the small traders (not shown in chart) are Bullish with a score of 76.7 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	37.1	39.7	11.4
– Percent of Open Interest Shorts:	22.6	53.6	12.0
– Net Position:	40,122	-38,641	-1,481
– Gross Longs:	102,557	109,561	31,589
– Gross Shorts:	62,435	148,202	33,070
– Long to Short Ratio:	1.6 to 1	0.7 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.7	60.4	76.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.4	-3.9	8.8

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week reached a net position of 12,059 contracts in the data reported through Tuesday. This was a weekly lift of 4,673 contracts from the previous week which had a total of 7,386 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 19.9 percent. The commercials are Bullish-Extreme with a score of 89.9 percent and the small traders (not shown in chart) are Bearish with a score of 49.7 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.6	43.4	10.2
– Percent of Open Interest Shorts:	25.2	45.0	15.0
– Net Position:	12,059	-3,041	-9,018
– Gross Longs:	59,031	80,955	18,981
– Gross Shorts:	46,972	83,996	27,999
– Long to Short Ratio:	1.3 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	19.9	89.9	49.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.7	9.2	-18.1

COTTON Futures:

The COTTON large speculator standing this week reached a net position of 66,045 contracts in the data reported through Tuesday. This was a weekly decrease of -210 contracts from the previous week which had a total of 66,255 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 64.7 percent. The commercials are Bearish with a score of 35.5 percent and the small traders (not shown in chart) are Bullish with a score of 54.2 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.4	39.7	8.3
– Percent of Open Interest Shorts:	8.0	77.6	4.8
– Net Position:	66,045	-72,681	6,636
– Gross Longs:	81,410	76,251	15,830
– Gross Shorts:	15,365	148,932	9,194
– Long to Short Ratio:	5.3 to 1	0.5 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	64.7	35.5	54.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.0	11.7	-26.7

COCOA Futures:

The COCOA large speculator standing this week reached a net position of 3,305 contracts in the data reported through Tuesday. This was a weekly boost of 6,674 contracts from the previous week which had a total of -3,369 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 20.9 percent. The commercials are Bullish-Extreme with a score of 81.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.0 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.3	43.9	4.2
– Percent of Open Interest Shorts:	29.2	45.5	3.7
– Net Position:	3,305	-4,856	1,551
– Gross Longs:	93,606	135,958	12,977
– Gross Shorts:	90,301	140,814	11,426
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	20.9	81.2	12.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.4	21.3	-41.9

WHEAT Futures:

The WHEAT large speculator standing this week reached a net position of 19,067 contracts in the data reported through Tuesday. This was a weekly reduction of -1,368 contracts from the previous week which had a total of 20,435 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 43.9 percent. The commercials are Bearish with a score of 37.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 91.4 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.1	39.1	10.4
– Percent of Open Interest Shorts:	26.2	44.0	11.5
– Net Position:	19,067	-15,407	-3,660
– Gross Longs:	102,924	125,399	33,167
– Gross Shorts:	83,857	140,806	36,827
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	43.9	37.8	91.4
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.4	3.4	1.3

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News Soft Commodities

25 Jun

COT Week 25 Charts: Energy Speculator bets on defensive led by WTI Crude Oil & Natural Gas

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Energy markets speculator bets were lower on the week as just two out of the six energy markets we cover had higher positioning this week while four markets had lower contracts.

Leading the gains for energy markets was Heating Oil (1,089 contracts) with the Bloomberg Commodity Index (259 contracts) also showing a small positive week. Meanwhile, leading the declines in speculator bets this week was WTI Crude Oil (-13,444 contracts) with Natural Gas (-7,384 contracts), Brent Crude Oil (-1,621 contracts) and Gasoline (-49 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the Bloomberg Commodity Index and the Heating Oil are both in bullish levels at the moment. All other energy markets are below the midpoint of the past 3-years and have bearish or extreme bearish readings.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the Bloomberg Commodity Index and the Heating Oil are again leading the six week trends with 19.9 percent and 20.8 percent, respectively. Brent Oil leads the downside trends with -11.4 percent over the past six weeks.

Data Snapshot of Commodity Market Traders | Columns Legend

Jun-21-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,658,636	0	289,502	0	-323,915	100	34,413	64
Gold	500,276	14	163,287	4	-186,929	96	23,642	14
Silver	145,356	12	18,419	7	-27,250	93	8,831	4
Copper	187,170	17	-20,938	27	18,928	72	2,010	37
Palladium	7,641	6	-4,046	0	4,511	100	-465	17
Platinum	64,946	30	1,491	6	-6,397	96	4,906	30
Natural Gas	1,030,971	0	-130,869	39	85,977	58	44,892	86
Brent	173,098	18	-38,010	47	36,052	53	1,958	36
Heating Oil	268,818	23	9,564	56	-28,204	41	18,640	63
Soybeans	745,494	32	178,379	68	-152,968	38	-25,411	28
Corn	1,512,152	23	380,169	79	-326,474	25	-53,695	12
Coffee	192,832	0	49,371	81	-52,348	22	2,977	20
Sugar	779,773	0	163,111	70	-181,280	34	18,169	30
Wheat	320,326	6	19,067	44	-15,407	38	-3,660	91

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week was a net position of 289,502 contracts in the data reported through Tuesday. This was a weekly decline of -13,444 contracts from the previous week which had a total of 302,946 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bullish with a score of 63.5 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.4	35.9	5.2
– Percent of Open Interest Shorts:	6.0	55.4	3.2
– Net Position:	289,502	-323,915	34,413
– Gross Longs:	388,496	594,860	86,668
– Gross Shorts:	98,994	918,775	52,255
– Long to Short Ratio:	3.9 to 1	0.6 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	63.5
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.1	10.7	-13.1

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week was a net position of -38,010 contracts in the data reported through Tuesday. This was a weekly decline of -1,621 contracts from the previous week which had a total of -36,389 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.4 percent. The commercials are Bullish with a score of 53.2 percent and the small traders (not shown in chart) are Bearish with a score of 35.7 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.2	51.5	4.0
– Percent of Open Interest Shorts:	37.1	30.7	2.8
– Net Position:	-38,010	36,052	1,958
– Gross Longs:	26,225	89,195	6,865
– Gross Shorts:	64,235	53,143	4,907
– Long to Short Ratio:	0.4 to 1	1.7 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.4	53.2	35.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.4	9.1	17.7

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week was a net position of -130,869 contracts in the data reported through Tuesday. This was a weekly lowering of -7,384 contracts from the previous week which had a total of -123,485 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.3 percent. The commercials are Bullish with a score of 58.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.3 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	20.7	39.8	7.0
– Percent of Open Interest Shorts:	33.4	31.5	2.7
– Net Position:	-130,869	85,977	44,892
– Gross Longs:	213,487	410,457	72,315
– Gross Shorts:	344,356	324,480	27,423
– Long to Short Ratio:	0.6 to 1	1.3 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	39.3	58.0	86.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.5	7.0	-8.6

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week was a net position of 31,407 contracts in the data reported through Tuesday. This was a weekly lowering of -49 contracts from the previous week which had a total of 31,456 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 2.1 percent. The commercials are Bullish-Extreme with a score of 95.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.8 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.3	54.3	7.8
– Percent of Open Interest Shorts:	14.8	68.3	4.3
– Net Position:	31,407	-42,080	10,673
– Gross Longs:	75,835	162,816	23,491
– Gross Shorts:	44,428	204,896	12,818
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.1	95.0	83.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.0	2.0	-13.5

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week was a net position of 9,564 contracts in the data reported through Tuesday. This was a weekly lift of 1,089 contracts from the previous week which had a total of 8,475 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.5 percent. The commercials are Bearish with a score of 41.2 percent and the small traders (not shown in chart) are Bullish with a score of 62.9 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.1	51.0	16.7
– Percent of Open Interest Shorts:	13.5	61.5	9.8
– Net Position:	9,564	-28,204	18,640
– Gross Longs:	45,955	137,166	44,894
– Gross Shorts:	36,391	165,370	26,254
– Long to Short Ratio:	1.3 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.5	41.2	62.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.8	-12.7	-7.7

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week was a net position of -8,052 contracts in the data reported through Tuesday. This was a weekly boost of 259 contracts from the previous week which had a total of -8,311 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 76.7 percent. The commercials are Bearish with a score of 23.2 percent and the small traders (not shown in chart) are Bearish with a score of 29.7 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.8	69.5	0.7
– Percent of Open Interest Shorts:	39.1	57.5	0.2
– Net Position:	-8,052	7,764	288
– Gross Longs:	17,434	45,267	447
– Gross Shorts:	25,486	37,503	159
– Long to Short Ratio:	0.7 to 1	1.2 to 1	2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.7	23.2	29.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	19.9	-18.8	-11.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Financial News

25 Jun

COT Week 25 Charts: Stock Market Speculator bets mostly lower led by S&P500 Mini & Russell 2000

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The stock market speculator bets were mostly lower this week as three out of the eight stock markets we cover had higher positioning this week while the other five markets had lower contracts.

Leading the gains for stock markets was VIX (24,255 contracts) with the Nasdaq Mini (2,404 contracts) and Nikkei 225 USD (821 contracts) also showing a positive weeks. Meanwhile, leading the declines in speculator bets this week were S&P500 Mini (-148,597 contracts) and with Russell 2000 Mini (-10,350 contracts), Nikkei 225 Yen (-5,996 contracts), MSCI EAFE Mini (-4,840 contracts) and Dow Jones Industrial Average Mini (-3,184 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the Nasdaq Mini and the VIX are both in extreme bullish levels (above 80 percent). The Nikkei Stock Average is also above the midpoint of the past 3-year with a 69.9 percent score for a bullish reading.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the S&P 500 Mini and the Russell 200 Mini are leading the downside trends with -43.7 percent and -21.9 percent, respectively. The Nasdaq Mini and the Nikkei 225 Yen are the only markets with positive six week trends.

Data Snapshot of Stock Market Traders | Columns Legend

Jun-21-2022	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,262,004	6	-114,319	35	144,197	92	-29,878	20
Nikkei 225	12,380	5	-1,592	70	2,139	40	-547	21
Nasdaq-Mini	236,624	34	30,806	92	-27,586	10	-3,220	42
DowJones-Mini	69,024	26	-25,473	4	28,937	98	-3,464	20
VIX	257,930	15	-49,923	84	55,730	16	-5,807	63
Nikkei 225 Yen	51,198	30	-3,047	25	25,170	88	-22,123	29

VIX Volatility Futures:

The VIX Volatility large speculator standing this week came in at a net position of -49,923 contracts in the data reported through Tuesday. This was a weekly gain of 24,255 contracts from the previous week which had a total of -74,178 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 84.2 percent. The commercials are Bearish-Extreme with a score of 16.2 percent and the small traders (not shown in chart) are Bullish with a score of 63.2 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.2	53.8	8.4
– Percent of Open Interest Shorts:	37.6	32.2	10.7
– Net Position:	-49,923	55,730	-5,807
– Gross Longs:	46,982	138,746	21,718
– Gross Shorts:	96,905	83,016	27,525
– Long to Short Ratio:	0.5 to 1	1.7 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.2	16.2	63.2
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.0	-1.8	27.4

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week came in at a net position of -114,319 contracts in the data reported through Tuesday. This was a weekly fall of -148,597 contracts from the previous week which had a total of 34,278 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 35.0 percent. The commercials are Bullish-Extreme with a score of 91.7 percent and the small traders (not shown in chart) are Bearish with a score of 20.1 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.1	75.7	9.9
– Percent of Open Interest Shorts:	17.2	69.4	11.3
– Net Position:	-114,319	144,197	-29,878
– Gross Longs:	273,629	1,713,053	224,849
– Gross Shorts:	387,948	1,568,856	254,727
– Long to Short Ratio:	0.7 to 1	1.1 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	35.0	91.7	20.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-43.7	46.8	-5.2

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week came in at a net position of -25,473 contracts in the data reported through Tuesday. This was a weekly decline of -3,184 contracts from the previous week which had a total of -22,289 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 4.1 percent. The commercials are Bullish-Extreme with a score of 98.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.9 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.9	69.8	15.1
– Percent of Open Interest Shorts:	51.8	27.9	20.1
– Net Position:	-25,473	28,937	-3,464
– Gross Longs:	10,310	48,166	10,418
– Gross Shorts:	35,783	19,229	13,882
– Long to Short Ratio:	0.3 to 1	2.5 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	4.1	98.0	19.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.9	6.6	-16.3

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week came in at a net position of 30,806 contracts in the data reported through Tuesday. This was a weekly lift of 2,404 contracts from the previous week which had a total of 28,402 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 92.2 percent. The commercials are Bearish-Extreme with a score of 9.5 percent and the small traders (not shown in chart) are Bearish with a score of 41.9 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	35.0	46.9	16.3
– Percent of Open Interest Shorts:	22.0	58.5	17.7
– Net Position:	30,806	-27,586	-3,220
– Gross Longs:	82,888	110,913	38,577
– Gross Shorts:	52,082	138,499	41,797
– Long to Short Ratio:	1.6 to 1	0.8 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	92.2	9.5	41.9
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.7	-12.0	4.4

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week came in at a net position of -105,596 contracts in the data reported through Tuesday. This was a weekly reduction of -10,350 contracts from the previous week which had a total of -95,246 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish with a score of 20.4 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.1	88.3	3.3
– Percent of Open Interest Shorts:	25.6	69.3	3.7
– Net Position:	-105,596	107,890	-2,294
– Gross Longs:	40,382	502,812	19,004
– Gross Shorts:	145,978	394,922	21,298
– Long to Short Ratio:	0.3 to 1	1.3 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	0.0	100.0	20.4
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.9	18.9	8.0

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week came in at a net position of -1,592 contracts in the data reported through Tuesday. This was a weekly increase of 821 contracts from the previous week which had a total of -2,413 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 69.9 percent. The commercials are Bearish with a score of 40.3 percent and the small traders (not shown in chart) are Bearish with a score of 21.5 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.3	56.8	17.7
– Percent of Open Interest Shorts:	38.1	39.5	22.1
– Net Position:	-1,592	2,139	-547
– Gross Longs:	3,130	7,026	2,194
– Gross Shorts:	4,722	4,887	2,741
– Long to Short Ratio:	0.7 to 1	1.4 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	69.9	40.3	21.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.6	14.0	14.3

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week came in at a net position of 196 contracts in the data reported through Tuesday. This was a weekly decrease of -4,840 contracts from the previous week which had a total of 5,036 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.1 percent. The commercials are Bullish with a score of 77.7 percent and the small traders (not shown in chart) are Bearish with a score of 35.3 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	4.9	92.7	1.7
– Percent of Open Interest Shorts:	4.8	93.2	1.2
– Net Position:	196	-2,076	1,880
– Gross Longs:	18,931	358,172	6,538
– Gross Shorts:	18,735	360,248	4,658
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	24.1	77.7	35.3
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.1	7.7	-3.4

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Financial News Stock Market News

Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.

All information and opinions on this website are for general informational purposes only and do not constitute investment advice.