InvestMacro

COT Bonds Speculators push bullish 2-Year Treasuries bets to 17-week high

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 December 7th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting this week’s COT bonds data is the gains in the 2-Year Bond that brings speculator positioning to the highest level in seventeen weeks. The speculative position in the 2-Year has risen for two consecutive weeks and for six out of the past seven weeks as well. This bullishness has brought the net position out of bearish territory for a second week and pushed the current net position to the best level since August 10th. This week’s net positioning is also the second highest level of the past three years which equates to a 99.5 percent strength score (current level compared to past three years of data).

Joining the 2-Year Bond (16,935 contracts) in gaining this week are 10-Year (46,365 contracts), Ultra 10-Year (4,727 contracts), Long US Bond (3,118 contracts), Ultra US Bond (20,142 contracts) while the declining positions this week were in the FedFunds (-14,841 contracts), 5-Year (-19,699 contracts) and the Eurodollar (-253,207 contracts).

Data Snapshot of Bond Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
Eurodollar	12,241,710	71	-1,374,863	18	1,849,419	82	-474,556	15
FedFunds	1,338,244	26	-113,319	26	119,740	74	-6,421	47
2-Year	1,887,954	4	32,605	100	21,757	25	-54,362	2
Long T-Bond	1,211,685	51	-46,522	77	25,038	28	21,484	70
10-Year	3,788,362	50	-267,006	31	538,925	89	-271,919	15
5-Year	3,532,357	23	-387,531	12	626,885	99	-239,354	15

3-Month Eurodollars Futures:

The 3-Month Eurodollars large speculator standing this week recorded a net position of -1,374,863 contracts in the data reported through Tuesday. This was a weekly fall of -253,207 contracts from the previous week which had a total of -1,121,656 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 17.6 percent. The commercials are Bullish-Extreme with a score of 82.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.2 percent.

3-Month Eurodollars Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.0	67.7	3.6
– Percent of Open Interest Shorts:	22.2	52.6	7.5
– Net Position:	-1,374,863	1,849,419	-474,556
– Gross Longs:	1,347,006	8,286,582	442,408
– Gross Shorts:	2,721,869	6,437,163	916,964
– Long to Short Ratio:	0.5 to 1	1.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	17.6	82.0	15.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-13.7	15.8	-28.7

30-Day Federal Funds Futures:

The 30-Day Federal Funds large speculator standing this week recorded a net position of -113,319 contracts in the data reported through Tuesday. This was a weekly reduction of -14,841 contracts from the previous week which had a total of -98,478 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 25.6 percent. The commercials are Bullish with a score of 74.4 percent and the small traders (not shown in chart) are Bearish with a score of 47.4 percent.

30-Day Federal Funds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	3.6	81.2	1.6
– Percent of Open Interest Shorts:	12.1	72.2	2.1
– Net Position:	-113,319	119,740	-6,421
– Gross Longs:	48,763	1,086,342	22,027
– Gross Shorts:	162,082	966,602	28,448
– Long to Short Ratio:	0.3 to 1	1.1 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	25.6	74.4	47.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.5	7.9	8.0

2-Year Treasury Note Futures:

The 2-Year Treasury Note large speculator standing this week recorded a net position of 32,605 contracts in the data reported through Tuesday. This was a weekly advance of 16,935 contracts from the previous week which had a total of 15,670 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 99.5 percent. The commercials are Bearish with a score of 24.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 2.0 percent.

2-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.6	70.6	6.8
– Percent of Open Interest Shorts:	15.9	69.5	9.7
– Net Position:	32,605	21,757	-54,362
– Gross Longs:	332,992	1,333,598	128,768
– Gross Shorts:	300,387	1,311,841	183,130
– Long to Short Ratio:	1.1 to 1	1.0 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	99.5	24.6	2.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	32.8	-29.1	-6.6

5-Year Treasury Note Futures:

The 5-Year Treasury Note large speculator standing this week recorded a net position of -387,531 contracts in the data reported through Tuesday. This was a weekly decrease of -19,699 contracts from the previous week which had a total of -367,832 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 11.9 percent. The commercials are Bullish-Extreme with a score of 98.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.3 percent.

5-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	5.8	83.6	7.1
– Percent of Open Interest Shorts:	16.8	65.9	13.9
– Net Position:	-387,531	626,885	-239,354
– Gross Longs:	206,116	2,953,732	252,310
– Gross Shorts:	593,647	2,326,847	491,664
– Long to Short Ratio:	0.3 to 1	1.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.9	98.6	15.3
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.4	6.3	-0.3

10-Year Treasury Note Futures:

The 10-Year Treasury Note large speculator standing this week recorded a net position of -267,006 contracts in the data reported through Tuesday. This was a weekly increase of 46,365 contracts from the previous week which had a total of -313,371 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 30.9 percent. The commercials are Bullish-Extreme with a score of 89.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.4 percent.

10-Year Treasury Note Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.3	78.7	7.5
– Percent of Open Interest Shorts:	18.4	64.5	14.7
– Net Position:	-267,006	538,925	-271,919
– Gross Longs:	429,676	2,982,925	286,003
– Gross Shorts:	696,682	2,444,000	557,922
– Long to Short Ratio:	0.6 to 1	1.2 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	30.9	89.2	15.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-23.4	12.0	12.7

Ultra 10-Year Notes Futures:

The Ultra 10-Year Notes large speculator standing this week recorded a net position of 113,607 contracts in the data reported through Tuesday. This was a weekly boost of 4,727 contracts from the previous week which had a total of 108,880 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 57.7 percent. The commercials are Bullish with a score of 59.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.4 percent.

Ultra 10-Year Notes Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.4	72.2	7.8
– Percent of Open Interest Shorts:	10.1	68.2	20.0
– Net Position:	113,607	54,412	-168,019
– Gross Longs:	252,678	992,329	107,252
– Gross Shorts:	139,071	937,917	275,271
– Long to Short Ratio:	1.8 to 1	1.1 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.7	59.5	14.4
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.4	9.8	5.0

US Treasury Bonds Futures:

The US Treasury Bonds large speculator standing this week recorded a net position of -46,522 contracts in the data reported through Tuesday. This was a weekly advance of 3,118 contracts from the previous week which had a total of -49,640 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 28.1 percent and the small traders (not shown in chart) are Bullish with a score of 69.6 percent.

US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.6	72.1	15.8
– Percent of Open Interest Shorts:	14.5	70.1	14.0
– Net Position:	-46,522	25,038	21,484
– Gross Longs:	128,583	873,875	191,608
– Gross Shorts:	175,105	848,837	170,124
– Long to Short Ratio:	0.7 to 1	1.0 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	76.7	28.1	69.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.4	-19.7	32.9

Ultra US Treasury Bonds Futures:

The Ultra US Treasury Bonds large speculator standing this week recorded a net position of -290,354 contracts in the data reported through Tuesday. This was a weekly advance of 20,142 contracts from the previous week which had a total of -310,496 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 66.8 percent. The commercials are Bearish with a score of 49.0 percent and the small traders (not shown in chart) are Bearish with a score of 40.0 percent.

Ultra US Treasury Bonds Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.1	80.1	12.5
– Percent of Open Interest Shorts:	29.7	57.8	11.1
– Net Position:	-290,354	274,032	16,322
– Gross Longs:	75,407	986,451	153,443
– Gross Shorts:	365,761	712,419	137,121
– Long to Short Ratio:	0.2 to 1	1.4 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	66.8	49.0	40.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.7	-25.2	7.5

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.

11 Dec

COT Soft Commodities Speculators raise their Corn bullish bets for 3rd time in 4 weeks

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

Highlighting this week’s COT soft commodities data is the recent rises in Corn futures bets. The speculative net position in the Corn futures has gained in three out of the past four weeks with the total rise of +35,516 contracts over that four-week time-frame. The current net standing is now over +400,000 net contracts for just the second time in the past twenty-five weeks as Corn continues to hold an extreme bullish strength score at 82.5 percent (current speculator standing compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme).

The soft commodities that saw higher bets this week were Corn (15,902 contracts), Soybeans (4,337 contracts) and Live Cattle (2,869 contracts).

The markets that saw lower bets this week were Sugar (-23,756 contracts), Coffee (-3,681 contracts), Soybean Oil (-2,602 contracts), Soybean Meal (-8,478 contracts), Lean Hogs (-7,652 contracts), Cotton (-6,981 contracts), Cocoa (-1,598 contracts), and Wheat (-2,627 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,972,536	3	367,232	29	-400,431	62	33,199	62
Gold	499,307	23	217,185	57	-245,623	43	28,438	45
Silver	136,572	4	29,833	52	-43,148	57	13,315	17
Copper	173,954	8	7,204	48	-14,219	50	7,015	66
Palladium	9,253	12	-2,731	4	3,036	97	-305	27
Platinum	65,134	30	6,062	11	-12,138	92	6,076	47
Natural Gas	1,205,626	20	-132,443	39	99,372	62	33,071	63
Brent	211,254	48	-20,446	84	17,107	17	3,339	55
Heating Oil	298,997	0	8,597	55	-21,351	49	12,754	43
Soybeans	672,116	15	59,654	45	-22,744	60	-36,910	10
Corn	1,430,401	9	410,814	83	-367,873	20	-42,941	18
Coffee	265,046	33	62,344	94	-65,596	8	3,252	11
Sugar	857,621	8	191,239	76	-221,289	26	30,050	45
Wheat	359,186	12	15,667	60	-8,386	33	-7,281	67

CORN Futures:

The CORN large speculator standing this week reached a net position of 410,814 contracts in the data reported through Tuesday. This was a weekly rise of 15,902 contracts from the previous week which had a total of 394,912 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 82.5 percent. The commercials are Bearish-Extreme with a score of 19.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

CORN Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.7	46.4	8.9
– Percent of Open Interest Shorts:	5.0	72.1	11.9
– Net Position:	410,814	-367,873	-42,941
– Gross Longs:	482,428	663,484	127,218
– Gross Shorts:	71,614	1,031,357	170,159
– Long to Short Ratio:	6.7 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.5	19.5	18.3
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.2	-16.5	7.4

SUGAR Futures:

The SUGAR large speculator standing this week reached a net position of 191,239 contracts in the data reported through Tuesday. This was a weekly lowering of -23,756 contracts from the previous week which had a total of 214,995 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 75.9 percent. The commercials are Bearish with a score of 26.2 percent and the small traders (not shown in chart) are Bearish with a score of 45.0 percent.

SUGAR Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	48.1	9.4
– Percent of Open Interest Shorts:	6.7	73.9	5.9
– Net Position:	191,239	-221,289	30,050
– Gross Longs:	248,411	412,295	80,891
– Gross Shorts:	57,172	633,584	50,841
– Long to Short Ratio:	4.3 to 1	0.7 to 1	1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	75.9	26.2	45.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.5	4.4	-19.4

COFFEE Futures:

The COFFEE large speculator standing this week reached a net position of 62,344 contracts in the data reported through Tuesday. This was a weekly lowering of -3,681 contracts from the previous week which had a total of 66,025 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 93.9 percent. The commercials are Bearish-Extreme with a score of 8.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.8 percent.

COFFEE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	29.0	47.2	3.8
– Percent of Open Interest Shorts:	5.5	71.9	2.5
– Net Position:	62,344	-65,596	3,252
– Gross Longs:	76,852	125,100	10,004
– Gross Shorts:	14,508	190,696	6,752
– Long to Short Ratio:	5.3 to 1	0.7 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	93.9	8.4	10.8
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.8	5.0	-7.4

SOYBEANS Futures:

The SOYBEANS large speculator standing this week reached a net position of 59,654 contracts in the data reported through Tuesday. This was a weekly rise of 4,337 contracts from the previous week which had a total of 55,317 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 45.1 percent. The commercials are Bullish with a score of 60.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.4 percent.

SOYBEANS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.6	57.5	7.0
– Percent of Open Interest Shorts:	9.8	60.9	12.5
– Net Position:	59,654	-22,744	-36,910
– Gross Longs:	125,257	386,500	46,981
– Gross Shorts:	65,603	409,244	83,891
– Long to Short Ratio:	1.9 to 1	0.9 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	45.1	60.5	10.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.1	-3.0	-6.4

SOYBEAN OIL Futures:

The SOYBEAN OIL large speculator standing this week reached a net position of 62,445 contracts in the data reported through Tuesday. This was a weekly reduction of -2,602 contracts from the previous week which had a total of 65,047 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 57.5 percent. The commercials are Bearish with a score of 47.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.9 percent.

SOYBEAN OIL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.4	51.9	7.1
– Percent of Open Interest Shorts:	10.2	69.0	6.3
– Net Position:	62,445	-65,501	3,056
– Gross Longs:	101,774	199,942	27,293
– Gross Shorts:	39,329	265,443	24,237
– Long to Short Ratio:	2.6 to 1	0.8 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.5	47.0	24.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.3	18.2	-30.0

SOYBEAN MEAL Futures:

The SOYBEAN MEAL large speculator standing this week reached a net position of 52,643 contracts in the data reported through Tuesday. This was a weekly fall of -8,478 contracts from the previous week which had a total of 61,121 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 59.6 percent. The commercials are Bearish with a score of 39.8 percent and the small traders (not shown in chart) are Bullish with a score of 57.6 percent.

SOYBEAN MEAL Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	22.1	49.4	12.8
– Percent of Open Interest Shorts:	8.3	68.9	7.1
– Net Position:	52,643	-74,341	21,698
– Gross Longs:	84,189	188,494	48,687
– Gross Shorts:	31,546	262,835	26,989
– Long to Short Ratio:	2.7 to 1	0.7 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.6	39.8	57.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.1	-14.5	-13.6

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week reached a net position of 77,523 contracts in the data reported through Tuesday. This was a weekly advance of 2,869 contracts from the previous week which had a total of 74,654 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 41.1 percent. The commercials are Bullish with a score of 55.2 percent and the small traders (not shown in chart) are Bullish with a score of 54.1 percent.

LIVE CATTLE Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.6	37.7	9.2
– Percent of Open Interest Shorts:	14.2	58.6	13.6
– Net Position:	77,523	-63,995	-13,528
– Gross Longs:	120,946	115,149	28,080
– Gross Shorts:	43,423	179,144	41,608
– Long to Short Ratio:	2.8 to 1	0.6 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.1	55.2	54.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	21.9	-21.6	-15.7

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week reached a net position of 52,297 contracts in the data reported through Tuesday. This was a weekly fall of -7,652 contracts from the previous week which had a total of 59,949 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 65.1 percent. The commercials are Bearish with a score of 46.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.0 percent.

LEAN HOGS Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.5	34.7	6.8
– Percent of Open Interest Shorts:	18.1	50.4	14.5
– Net Position:	52,297	-35,096	-17,201
– Gross Longs:	92,824	77,627	15,221
– Gross Shorts:	40,527	112,723	32,422
– Long to Short Ratio:	2.3 to 1	0.7 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.1	46.5	6.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.8	3.9	-8.2

COTTON Futures:

The COTTON large speculator standing this week reached a net position of 90,014 contracts in the data reported through Tuesday. This was a weekly decline of -6,981 contracts from the previous week which had a total of 96,995 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 80.0 percent. The commercials are Bearish-Extreme with a score of 19.9 percent and the small traders (not shown in chart) are Bullish with a score of 71.5 percent.

COTTON Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.1	36.2	7.1
– Percent of Open Interest Shorts:	5.8	78.5	3.2
– Net Position:	90,014	-99,303	9,289
– Gross Longs:	103,611	85,095	16,792
– Gross Shorts:	13,597	184,398	7,503
– Long to Short Ratio:	7.6 to 1	0.5 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	80.0	19.9	71.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.7	9.2	-22.5

COCOA Futures:

The COCOA large speculator standing this week reached a net position of -9,095 contracts in the data reported through Tuesday. This was a weekly decrease of -1,598 contracts from the previous week which had a total of -7,497 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 15.0 percent. The commercials are Bullish-Extreme with a score of 85.9 percent and the small traders (not shown in chart) are Bearish with a score of 23.2 percent.

COCOA Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.3	54.1	4.8
– Percent of Open Interest Shorts:	30.0	50.8	4.3
– Net Position:	-9,095	7,799	1,296
– Gross Longs:	63,483	130,734	11,672
– Gross Shorts:	72,578	122,935	10,376
– Long to Short Ratio:	0.9 to 1	1.1 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.0	85.9	23.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-25.8	27.7	-31.4

WHEAT Futures:

The WHEAT large speculator standing this week reached a net position of 15,667 contracts in the data reported through Tuesday. This was a weekly decrease of -2,627 contracts from the previous week which had a total of 18,294 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 60.4 percent. The commercials are Bearish with a score of 32.7 percent and the small traders (not shown in chart) are Bullish with a score of 66.8 percent.

WHEAT Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	31.2	35.5	9.2
– Percent of Open Interest Shorts:	26.8	37.8	11.3
– Net Position:	15,667	-8,386	-7,281
– Gross Longs:	111,973	127,435	33,159
– Gross Shorts:	96,306	135,821	40,440
– Long to Short Ratio:	1.2 to 1	0.9 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	60.4	32.7	66.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	12.7	-16.7	10.7

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Soft Commodities

11 Dec

COT Metals Speculators drop Silver bullish bets to 8-week low

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

Highlighting this week’s COT metals data is the recent decline in the Silver futures bets. The speculative net position in the Silver futures has fallen for three consecutive weeks and by a total of -15,792 contracts over that time-frame. This weakness has brought the current standing for Silver net positions to the least bullish level in the past eight weeks, dating back to October 12th. Speculators had been raising their positions for Silver in recent months with bullish bets hitting a 22-week high on November 16th before turning lower. Despite the recent declines, the Silver strength index (current positioning compared to the positioning of the past three years) remains almost right down the middle at a 52.1 percent score.

Joining Silver (-8,601 contracts) in falling this week are Gold (-8,675 contracts), Copper (-1,987 contracts), Platinum (-2,886 contracts) while the Palladium (242 contracts) were the only rising futures contracts for speculators this week in the metals we cover.

Data Snapshot of Commodity Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,972,536	3	367,232	29	-400,431	62	33,199	62
Gold	499,307	23	217,185	57	-245,623	43	28,438	45
Silver	136,572	4	29,833	52	-43,148	57	13,315	17
Copper	173,954	8	7,204	48	-14,219	50	7,015	66
Palladium	9,253	12	-2,731	4	3,036	97	-305	27
Platinum	65,134	30	6,062	11	-12,138	92	6,076	47
Natural Gas	1,205,626	20	-132,443	39	99,372	62	33,071	63
Brent	211,254	48	-20,446	84	17,107	17	3,339	55
Heating Oil	298,997	0	8,597	55	-21,351	49	12,754	43
Soybeans	672,116	15	59,654	45	-22,744	60	-36,910	10
Corn	1,430,401	9	410,814	83	-367,873	20	-42,941	18
Coffee	265,046	33	62,344	94	-65,596	8	3,252	11
Sugar	857,621	8	191,239	76	-221,289	26	30,050	45
Wheat	359,186	12	15,667	60	-8,386	33	-7,281	67

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week totaled a net position of 217,185 contracts in the data reported through Tuesday. This was a weekly lowering of -8,675 contracts from the previous week which had a total of 225,860 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 56.8 percent. The commercials are Bearish with a score of 42.7 percent and the small traders (not shown in chart) are Bearish with a score of 44.9 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	60.2	20.8	9.5
– Percent of Open Interest Shorts:	16.7	70.0	3.8
– Net Position:	217,185	-245,623	28,438
– Gross Longs:	300,518	103,942	47,358
– Gross Shorts:	83,333	349,565	18,920
– Long to Short Ratio:	3.6 to 1	0.3 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.8	42.7	44.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	0.8	-1.8	9.5

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week totaled a net position of 29,833 contracts in the data reported through Tuesday. This was a weekly reduction of -8,601 contracts from the previous week which had a total of 38,434 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 52.1 percent. The commercials are Bullish with a score of 56.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.5 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	46.1	28.8	19.3
– Percent of Open Interest Shorts:	24.2	60.4	9.5
– Net Position:	29,833	-43,148	13,315
– Gross Longs:	62,930	39,369	26,328
– Gross Shorts:	33,097	82,517	13,013
– Long to Short Ratio:	1.9 to 1	0.5 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.1	56.6	17.5
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.7	8.2	-4.0

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week totaled a net position of 7,204 contracts in the data reported through Tuesday. This was a weekly fall of -1,987 contracts from the previous week which had a total of 9,191 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 47.6 percent. The commercials are Bearish with a score of 49.7 percent and the small traders (not shown in chart) are Bullish with a score of 65.9 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.4	43.9	9.7
– Percent of Open Interest Shorts:	32.3	52.1	5.6
– Net Position:	7,204	-14,219	7,015
– Gross Longs:	63,403	76,370	16,787
– Gross Shorts:	56,199	90,589	9,772
– Long to Short Ratio:	1.1 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	47.6	49.7	65.9
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-21.7	21.8	-9.1

Platinum Futures:

The Platinum Futures large speculator standing this week totaled a net position of 6,062 contracts in the data reported through Tuesday. This was a weekly lowering of -2,886 contracts from the previous week which had a total of 8,948 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 11.1 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 46.8 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	41.5	38.0	14.7
– Percent of Open Interest Shorts:	32.2	56.7	5.4
– Net Position:	6,062	-12,138	6,076
– Gross Longs:	27,056	24,780	9,598
– Gross Shorts:	20,994	36,918	3,522
– Long to Short Ratio:	1.3 to 1	0.7 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	11.1	91.7	46.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-12.8	13.1	-4.2

Palladium Futures:

The Palladium Futures large speculator standing this week totaled a net position of -2,731 contracts in the data reported through Tuesday. This was a weekly boost of 242 contracts from the previous week which had a total of -2,973 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 3.6 percent. The commercials are Bullish-Extreme with a score of 96.9 percent and the small traders (not shown in chart) are Bearish with a score of 26.7 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.9	54.3	12.7
– Percent of Open Interest Shorts:	60.4	21.5	16.0
– Net Position:	-2,731	3,036	-305
– Gross Longs:	2,862	5,024	1,175
– Gross Shorts:	5,593	1,988	1,480
– Long to Short Ratio:	0.5 to 1	2.5 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	3.6	96.9	26.7
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.2	0.4	-17.5

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Metals Opinions

11 Dec

COT Energy Speculators cut back on WTI Crude Oil bullish bets for 4th straight week

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

Highlighting this week’s COT energy data is the recent decline in the WTI Crude Oil futures bets. The speculative net position in the WTI Crude Oil futures has now fallen for four consecutive weeks and in six out of the past seven weeks. The spec crude position has dropped by a total of -62,362 contracts over these past seven weeks and speculators have now pushed their current net positioning to the lowest level since September 21st, a span of eleven weeks.

Joining WTI Crude Oil (-20,002 contracts) with decreasing bets this week are Brent Crude Oil (-4,952 contracts), Heating Oil (-2,628 contracts) and the Bloomberg Commodity Index (-4,473 contracts). The energy markets with gaining positions this week were Natural Gas (235 contracts) and Gasoline (4,269 contracts).

Data Snapshot of Commodity Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
WTI Crude	1,972,536	3	367,232	29	-400,431	62	33,199	62
Gold	499,307	23	217,185	57	-245,623	43	28,438	45
Silver	136,572	4	29,833	52	-43,148	57	13,315	17
Copper	173,954	8	7,204	48	-14,219	50	7,015	66
Palladium	9,253	12	-2,731	4	3,036	97	-305	27
Platinum	65,134	30	6,062	11	-12,138	92	6,076	47
Natural Gas	1,205,626	20	-132,443	39	99,372	62	33,071	63
Brent	211,254	48	-20,446	84	17,107	17	3,339	55
Heating Oil	298,997	0	8,597	55	-21,351	49	12,754	43
Soybeans	672,116	15	59,654	45	-22,744	60	-36,910	10
Corn	1,430,401	9	410,814	83	-367,873	20	-42,941	18
Coffee	265,046	33	62,344	94	-65,596	8	3,252	11
Sugar	857,621	8	191,239	76	-221,289	26	30,050	45
Wheat	359,186	12	15,667	60	-8,386	33	-7,281	67

WTI Crude Oil Futures:

The WTI Crude Oil Futures large speculator standing this week was a net position of 367,232 contracts in the data reported through Tuesday. This was a weekly decrease of -20,002 contracts from the previous week which had a total of 387,234 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 28.8 percent. The commercials are Bullish with a score of 62.4 percent and the small traders (not shown in chart) are Bullish with a score of 61.8 percent.

WTI Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	25.0	36.7	4.2
– Percent of Open Interest Shorts:	6.4	57.0	2.5
– Net Position:	367,232	-400,431	33,199
– Gross Longs:	492,585	724,626	82,580
– Gross Shorts:	125,353	1,125,057	49,381
– 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):	28.8	62.4	61.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-18.1	21.6	-21.9

Brent Crude Oil Futures:

The Brent Crude Oil Futures large speculator standing this week was a net position of -20,446 contracts in the data reported through Tuesday. This was a weekly reduction of -4,952 contracts from the previous week which had a total of -15,494 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 17.1 percent and the small traders (not shown in chart) are Bullish with a score of 54.5 percent.

Brent Crude Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	21.6	44.2	3.6
– Percent of Open Interest Shorts:	31.3	36.1	2.0
– Net Position:	-20,446	17,107	3,339
– Gross Longs:	45,573	93,348	7,669
– Gross Shorts:	66,019	76,241	4,330
– Long to Short Ratio:	0.7 to 1	1.2 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	84.2	17.1	54.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.8	7.8	-24.6

Natural Gas Futures:

The Natural Gas Futures large speculator standing this week was a net position of -132,443 contracts in the data reported through Tuesday. This was a weekly lift of 235 contracts from the previous week which had a total of -132,678 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 38.8 percent. The commercials are Bullish with a score of 62.2 percent and the small traders (not shown in chart) are Bullish with a score of 62.7 percent.

Natural Gas Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.3	43.5	4.6
– Percent of Open Interest Shorts:	30.3	35.2	1.9
– Net Position:	-132,443	99,372	33,071
– Gross Longs:	233,007	524,229	55,682
– Gross Shorts:	365,450	424,857	22,611
– Long to Short Ratio:	0.6 to 1	1.2 to 1	2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	38.8	62.2	62.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.7	1.0	-22.1

Gasoline Blendstock Futures:

The Gasoline Blendstock Futures large speculator standing this week was a net position of 49,883 contracts in the data reported through Tuesday. This was a weekly increase of 4,269 contracts from the previous week which had a total of 45,614 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 82.9 percent and the small traders (not shown in chart) are Bearish with a score of 36.7 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.4	48.5	5.7
– Percent of Open Interest Shorts:	13.4	66.9	4.3
– Net Position:	49,883	-54,093	4,210
– Gross Longs:	89,156	142,169	16,850
– Gross Shorts:	39,273	196,262	12,640
– Long to Short Ratio:	2.3 to 1	0.7 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	20.9	82.9	36.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-1.2	7.1	-35.4

#2 Heating Oil NY-Harbor Futures:

The #2 Heating Oil NY-Harbor Futures large speculator standing this week was a net position of 8,597 contracts in the data reported through Tuesday. This was a weekly decline of -2,628 contracts from the previous week which had a total of 11,225 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 55.1 percent. The commercials are Bearish with a score of 48.5 percent and the small traders (not shown in chart) are Bearish with a score of 42.5 percent.

Heating Oil Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	13.3	53.4	12.9
– Percent of Open Interest Shorts:	10.5	60.6	8.7
– Net Position:	8,597	-21,351	12,754
– Gross Longs:	39,877	159,783	38,689
– Gross Shorts:	31,280	181,134	25,935
– Long to Short Ratio:	1.3 to 1	0.9 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	55.1	48.5	42.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-25.3	30.2	-38.4

Bloomberg Commodity Index Futures:

The Bloomberg Commodity Index Futures large speculator standing this week was a net position of -16,421 contracts in the data reported through Tuesday. This was a weekly fall of -4,473 contracts from the previous week which had a total of -11,948 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 44.7 percent. The commercials are Bullish with a score of 54.3 percent and the small traders (not shown in chart) are Bearish with a score of 48.7 percent.

Bloomberg Index Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	59.0	37.1	1.2
– Percent of Open Interest Shorts:	93.0	4.2	0.1
– Net Position:	-16,421	15,865	556
– Gross Longs:	28,421	17,881	597
– Gross Shorts:	44,842	2,016	41
– Long to Short Ratio:	0.6 to 1	8.9 to 1	14.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.7	54.3	48.7
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.8	5.0	-2.6

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Energy Opinions

11 Dec

COT Stock Market Speculators dropped their VIX bearish bets to 80-week low

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

Highlighting this week’s COT stock market data is the continued cool off in the VIX Volatility futures bearish bets. The speculative net position in the VIX futures saw bearish bets fall by 13,751 contracts this week following a 20,782 contract improvement in positions last week.

The stock markets that saw higher speculator bets this week were VIX (13,751 contracts), Dow Jones Industrial Average Mini (2,283 contracts) and the Russell 2000 Mini (4,140 contracts).

The markets with lower speculator bets this week were S&P500 Mini (-14,329 contracts), Nasdaq Mini (-8,155 contracts), Nikkei 225 USD (-557 contracts), MSCI EAFE Min (-2,227 contracts), MSCI Emerging Markets Mini (-2,219 contracts).

Data Snapshot of Stock Market Traders | Columns Legend

Dec-07-2021	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
S&P500-Mini	2,514,383	6	165,396	91	-182,926	33	17,530	30
Nikkei 225	25,848	33	1,211	62	-3,259	41	2,048	53
Nasdaq-Mini	251,880	43	25,778	89	-24,885	11	-893	42
DowJones-Mini	103,059	74	-4,553	30	3,180	66	1,373	46
VIX	300,082	27	-47,403	65	55,699	37	-8,296	25
Nikkei 225 Yen	61,968	46	-2,432	16	25,719	94	-23,287	34

VIX Volatility Futures:

The VIX Volatility large speculator standing this week equaled a net position of -47,403 contracts in the data reported through Tuesday. This was a weekly gain of 13,751 contracts from the previous week which had a total of -61,154 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 65.1 percent. The commercials are Bearish with a score of 37.0 percent and the small traders (not shown in chart) are Bearish with a score of 24.9 percent.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	24.3	46.6	6.5
– Percent of Open Interest Shorts:	40.1	28.1	9.3
– Net Position:	-47,403	55,699	-8,296
– Gross Longs:	72,815	139,911	19,632
– Gross Shorts:	120,218	84,212	27,928
– Long to Short Ratio:	0.6 to 1	1.7 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	65.1	37.0	24.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	20.6	-19.7	-1.4

S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week equaled a net position of 165,396 contracts in the data reported through Tuesday. This was a weekly reduction of -14,329 contracts from the previous week which had a total of 179,725 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 91.3 percent. The commercials are Bearish with a score of 33.1 percent and the small traders (not shown in chart) are Bearish with a score of 30.0 percent.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	17.4	69.0	10.5
– Percent of Open Interest Shorts:	10.8	76.3	9.8
– Net Position:	165,396	-182,926	17,530
– Gross Longs:	437,939	1,734,746	263,698
– Gross Shorts:	272,543	1,917,672	246,168
– Long to Short Ratio:	1.6 to 1	0.9 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	91.3	33.1	30.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	13.4	-10.1	-2.6

Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week equaled a net position of -4,553 contracts in the data reported through Tuesday. This was a weekly rise of 2,283 contracts from the previous week which had a total of -6,836 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 66.3 percent and the small traders (not shown in chart) are Bearish with a score of 45.8 percent.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	36.6	47.2	15.8
– Percent of Open Interest Shorts:	41.0	44.1	14.5
– Net Position:	-4,553	3,180	1,373
– Gross Longs:	37,728	48,612	16,285
– Gross Shorts:	42,281	45,432	14,912
– Long to Short Ratio:	0.9 to 1	1.1 to 1	1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	30.2	66.3	45.8
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-7.8	10.3	-11.1

Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week equaled a net position of 25,778 contracts in the data reported through Tuesday. This was a weekly fall of -8,155 contracts from the previous week which had a total of 33,933 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 89.4 percent. The commercials are Bearish-Extreme with a score of 11.2 percent and the small traders (not shown in chart) are Bearish with a score of 42.0 percent.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	32.0	49.4	16.1
– Percent of Open Interest Shorts:	21.8	59.3	16.4
– Net Position:	25,778	-24,885	-893
– Gross Longs:	80,716	124,386	40,430
– Gross Shorts:	54,938	149,271	41,323
– Long to Short Ratio:	1.5 to 1	0.8 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	89.4	11.2	42.0
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	16.2	-19.3	5.1

Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week equaled a net position of -27,001 contracts in the data reported through Tuesday. This was a weekly advance of 4,140 contracts from the previous week which had a total of -31,141 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 42.0 percent. The commercials are Bullish with a score of 52.5 percent and the small traders (not shown in chart) are Bullish with a score of 73.4 percent.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.9	77.9	7.5
– Percent of Open Interest Shorts:	18.8	75.2	4.4
– Net Position:	-27,001	12,683	14,318
– Gross Longs:	59,732	359,571	34,544
– Gross Shorts:	86,733	346,888	20,226
– Long to Short Ratio:	0.7 to 1	1.0 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.0	52.5	73.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	18.7	-18.3	2.2

Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week equaled a net position of 1,211 contracts in the data reported through Tuesday. This was a weekly decrease of -557 contracts from the previous week which had a total of 1,768 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 61.9 percent. The commercials are Bearish with a score of 41.1 percent and the small traders (not shown in chart) are Bullish with a score of 53.1 percent.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	15.3	37.9	23.2
– Percent of Open Interest Shorts:	10.6	50.5	15.2
– Net Position:	1,211	-3,259	2,048
– Gross Longs:	3,959	9,791	5,984
– Gross Shorts:	2,748	13,050	3,936
– Long to Short Ratio:	1.4 to 1	0.8 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	61.9	41.1	53.1
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.2	-4.4	-2.2

MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week equaled a net position of 6,409 contracts in the data reported through Tuesday. This was a weekly lowering of -2,227 contracts from the previous week which had a total of 8,636 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 with a score of 79.4 percent and the small traders (not shown in chart) are Bullish with a score of 54.9 percent.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	6.6	90.5	2.5
– Percent of Open Interest Shorts:	5.0	93.2	1.4
– Net Position:	6,409	-10,709	4,300
– Gross Longs:	26,370	362,582	10,038
– Gross Shorts:	19,961	373,291	5,738
– Long to Short Ratio:	1.3 to 1	1.0 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	16.2	79.4	54.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	1.0	-0.6	-2.4

Article By InvestMacro – Receive our weekly COT Reports by Email

CountingPips Forex Blog Opinions Stock Market News

10 Dec

Financial Sector May Rally 11% – 15% Higher Before End Of January 2022

By TheTechnicalTraders

– The financial sector is poised for a very strong rally into the end of 2021, and early 2022 as revenues and earnings for Q4:2021 should continue to drive an upward price trend. The US Federal Reserve is keeping interest rates low. At the same time, the US consumer continues to drive home purchases and holiday shopping. Strong economic data should drive Q4 results for the financial sector close to levels we saw in Q3:2021. If that happens, we may see a robust rally in the US Financial sector over the next 45 to 60+ days.

The strength of the recent rally in the US major indexes shows just how powerful the bullish trend bias is right now. Some traders focus on the downside risks associated with the US Federal Reserve actions and/or the concerns related to inflation and global markets. I, however, continue to focus on the strength in the US major indexes and various sector trends that show real opportunities for profits.

Comparing Sector Strength

The following two US market sector charts highlight the performance over the last 12 vs. 24 months. I want readers to pay attention to how flat the Financial Sector has stayed since just before the 2020 COVID event and how the Financial Sector has started to trend higher over the past 12 months. This is because the shock of COVID briefly disrupted consumer activity. Yet, consumers are coming back strong, driving retail sales, home sales, and the continued strong US economic data. Therefore, it makes sense that the Financial sector should continue to show firm revenue and earnings growth while the US consumer is active and spending.

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Over the past two years, Discretionary, Technology, and Materials drove market growth compared to other sectors. Remember, the initial COVID virus event disrupted market sector trends over the last 24+ months.

(Source: StockChart.com)

Taking a look at this 1 Year US Market Sector chart shows how various sectors have rebounded and how the Discretionary and Materials sectors have flattened/weakened.

Pay attention to how the Energy and Real Estate sectors have been over the past 12 months. Also, pay attention to how the Financial sector is strengthening.

I believe that the continued deflation/deleveraging that is taking place throughout most of the world will continue to drive global central banks to stay relatively neutral regarding rising interest rates. This will likely prompt an easy money policy throughout most of 2022 and drive continued revenues/earnings for sectors associated with consumers’ engagement with the economy.

If inflation weakens into 2022 while wage and jobs data stays strong, we may see more moderate strength in the Financial, Healthcare, Discretionary, and Technology sectors over the next 6 to 12+ months.

Read more about Global Deleveraging Here: Delivering Covid Bubble Possible Volatility Risks In Foreign Markets

(Source: StockChart.com)

Financials May Pop 11% Or More Over The Next 6+ Months

This Weekly IYG, IShares US Financial Service ETF, highlights the recent sideways price trend in the Financial sector and the potential for a 9% to 13% rally that may take place as the markets shift into focus for the Q4:2021 earnings. Yes, inflation is still a concern, but as long as the US consumer continues spending and engaging in the economy, the Financial Services and US Banks should show strong returns.

If the US markets rally into the end of 2021, possibly reaching new all-time highs again, this trend may carry well into 2022 and drive Q4:2021 and Q1:2022 revenues and earnings for the Financial sector even higher.

This Weekly XLF chart shows a very similar setup to IYG. I firmly believe the recent fear in the markets related to the US Federal Reserve, the new COVID variants, and the global markets deleveraging process is missing one critical component – the strength of the US markets and the strength of the US Dollar.

As the rest of the world struggles to find support and economic strength, the US markets continue to rebound on the strength of the US consumer, the recovering economy, and the growth of these sectors. As long as the US Federal Reserve does not disrupt this trend, I believe Q1:2022 could be much more robust than many people consider. I also think the deflation/deleveraging process will work to take the pressures away from recent inflation trends.

What could this mean for 2022?

Early 2022 may well work as a “rebalancing” process for the global markets – possibly taking the pressures away from the strength in energy, commodities, and staple products/materials. This means pricing pressures will decrease while consumers are still earning and spending. The Financial sector should benefit from these trends over the next 6+ months.

Watch for the Financials to start to increase throughout the end of 2021 and into early 2022. There are many ways to consider trading this move, but ideally, I think the rally will take place before the end of February 2022.

Q1 is usually relatively strong, so that this trend may last well into April/May 2022. It all depends on what happens that could disrupt the current market sector trends. If nothing happens to disrupt the strength of the US Dollar and the strength of the US markets, then I believe the Financial Sector has a very strong opportunity for at least 10% to 11% growth.

Want to learn more about the potential for a financial sector rally?

Learn how I use specific tools to help me understand price cycles, set-ups, and price target levels. Over the next 12 to 24+ months, I expect very large price swings in the US stock market and other asset classes across the globe. I believe the markets are starting to transition away from the continued central bank support rally phase and may start a revaluation phase as global traders attempt to identify the next big trends. Precious Metals will likely start to act as a proper hedge as caution and concern start to drive traders/investors into Metals.

If you need technically proven trading and investing strategies using ETFs to profit during market rallies and to avoid/profit from market declines, be sure to join me at TEP – Total ETF Portfolio.

Have a great day!

Chris Vermeulen
Chief Market Strategist

TheTechnicalTraders.com

Opinions Stock Market News

10 Dec

Fibonacci Retracements Analysis 10.12.2021 (AUDUSD, USDCAD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after breaking the low and reaching 38.2% fibo, the descending wave has been followed by a new pullback. After the pullback is over, AUDUSD may resume trading downwards to reach the post-correctional extension area between 138.2% and 161.8% fibo at 0.6934 and 0.6830 respectively, and then the long-term 50.0% fibo at 0.6758.

The H1 chart shows a more detailed structure of the current correction. The first wave has reached 23.6% fibo, while the next one may be heading towards 38.2%, 50.0%, and 61.8% fibo at 0.7206, 0.7273, and 0.7339 respectively. The support is the low at 0.6991.

USDCAD

As we can see in the H4 chart, divergence on MACD made the pair stop its growth at 76.0% fibo and start a new correctional downtrend. The next upside target is still the high at 1.2949. Moreover, a breakout of the high will lead to a further uptrend to reach the long-term 38.2% fibo at 1.3022. The support remains the low at 1.2288.

In the H1 chart, the decline reached 38.2% fibo after divergence on MACD, but was later followed by local convergence and a new decline. However, it doesn’t exclude a possibility of another descending impulse towards 50.0% and 61.8% fibo at 1.2571 and 1.2505 respectively. A breakout of the local resistance at 1.2854 will result in a further uptrend.

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.

Financial News Forex and Currency News

10 Dec

Murrey Math Lines 10.12.2021 (Brent, S&P 500)

Article By RoboForex.com

BRENT

In the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 4/8, rebound from it, and then resume falling towards the support at 2/8. However, this scenario may no longer be valid if the asset breaks 4/8 to the upside. After that, the instrument may continue growing and reach the resistance at 5/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

S&P 500

In the H4 chart, the S&P Index is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 7/8, rebound from it, and then resume trading upwards to reach the resistance at +1/8. However, this scenario may no longer be valid if the asset breaks 7/8 to the downside. After that, the instrument may correct and reach the support at 6/8.

As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume trading upwards only after rebounding from 7/8 in the H4 chart.

Article By RoboForex.com

Financial News Forex and Currency News

10 Dec

The Analytical Overview of the Main Currency Pairs on 2021.12.10

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.1341
Prev Close: 1.1292
% chg. over the last day: -0.44%

The euro may fall sharply today on inflation data in Germany and the United States. Analysts expect a -0.2% decline in German inflation, while the US is expected to see a 0.7-0.9% increase in consumer prices. A rise in inflation usually leads to an increase in the national currency, expecting that the central bank will tighten its monetary policy.

Trading recommendations

Support levels: 1.1265, 1.1230, 1.1168
Resistance levels: 1.1360, 1.1436, 1.1535, 1.1613, 1.1667, 1.1717

From a technical point of view, the EUR/USD on the hour time frame is still bearish. Sellers’ initiatives replaced buyers’ initiatives. The MACD indicator has become inactive. Under such market conditions, traders should consider sell positions from the priority change level of 1.1360. Buy trades can be considered on lower time frames, but only with short targets.

Alternative scenario: if the price breaks out through the 1.1360 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2021.12.10:

– Germany Consumer Price Index (m/m) at 09:00 (GMT+2);
– ECB President Lagarde’s Speech at 11:05 (GMT+2);
– US Consumer Price Index (m/m) at 15:30 (GMT+2);
– US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.3193
Prev Close: 1.3218
% chg. over the last day: +0.19%

Goldman Sachs canceled its forecast for the first Bank of England rate hike at the December meeting, amid uncertainty caused by the Omicron option and after new restrictions imposed across the country. The US inflation report for November may trigger a new sell-off in the pound today since analysts expect a strong rise in consumer prices.

Trading recommendations

Support levels: 1.3188
Resistance levels: 1.3232, 1.3289, 1.3326, 1.3434, 1.3507, 1.3575, 1.3685

On the hourly time frame, the trend on GBP/USD is bearish. The British pound is trading in a narrow corridor with the range of 1.3188-1.3232. The MACD indicator has become inactive, but there are still signs of divergence on several time frames. Under such market conditions, traders should consider sell positions from the resistance levels around the moving average or from the upper border of the descending channel. Buy trades should be considered from the support level of the higher time frame, but only with additional confirmation.

Alternative scenario: if the price breaks out through the 1.3326 resistance level and consolidates above, the bullish scenario will likely resume.

News feed for 2021.12.10:

– UK GDP (q/q) at 09:00 (GMT+2);
– UK Industrial Production (m/m) at 09:00 (GMT+2);
– UK Manufacturing Production (m/m) at 09:00 (GMT+2);
– US Consumer Price Index (m/m) at 15:30 (GMT+2).

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 113.65
Prev Close: 113.45
% chg. over the last day: -0.18%

In Japan, the Producer Price Index, which shows the rate of inflation between companies and factories, increased from 8.3% to 9%. These are the first signs that investors should expect consumer inflation to rise soon. But against the backdrop of massive central bank stimulation of the economy, such a picture looks quite normal. The dollar index may jump up sharply today since inflation in the US is rising. If this happens, the USD/JPY quotes might go up sharply.

Trading recommendations

Support levels: 112.62, 112.30
Resistance levels: 113.94, 114.17, 115.15, 115.50

The global trend on the USD/JPY currency pair is bearish. But the pressure of buyers is increasing, and the price is approaching the priority change level. Under such market conditions, traders are better to look for sales from the priority change level, but with additional confirmation. Buy positions should be considered from the lower border of the corridor, but with additional confirmation in the form of a buyers’ initiative.

Alternative scenario: if the price rises above 114.17, the uptrend will likely resume.

News feed for 2021.12.10:

– Japan Producer Price Index (m/m) at 01:50 (GMT+2);
– US Consumer Price Index (m/m) at 15:30 (GMT+2).

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.2647
Prev Close: 1.2714
% chg. over the last day: +0.53%

After the oil price stabilized, the USD/CAD quotes started rising again. The Canadian dollar is a commodity currency, as it is highly correlated with oil prices. Technically, the price of oil may drop to the area of $68 a barrel, so the Canadian dollar will be under sellers’ pressure, especially if the dollar index rises sharply today on the background of the expected growth of inflation in the United States.

Trading recommendations

Support levels: 1.2638, 1.2597, 1.2502, 1.2416
Resistance levels: 1.2726, 1.2776, 1.2828

From a technical point of view, the USD/CAD currency trend is bearish. The MACD indicator has become positive. Under such market conditions, it is better to look for buy trades from the 1.2638 support level, but only after additional confirmation in the form of a buyers’ initiative. It is better to consider sell deals from the resistance levels near the moving average.

Alternative scenario: if the price breaks out through the 1.2776 resistance level and fixes above, the downtrend will likely be broken.

News feed for 2021.12.10:

– US Consumer Price Index (m/m) at 15:30 (GMT+2).

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

10 Dec

Why I’m buying the accelerating Bitcoin price dip: deVere CEO

By George Prior

– The pace of Bitcoin price losses has gained momentum as it failed to hold on to the upward momentum it experienced following last week’s flash crash.

But the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations says he is embracing the volatility and “confidently buying the dip.”

The comments from Nigel Green of deVere Group come following Bitcoin slipping around 6% on Thursday, before regaining some ground on Friday, after it could not hold the important $50,000 price level. Other digital currencies were also down.

Mr Green says: “It’s been a wild few days for Bitcoin and other cryptocurrencies which have been swinging between price gains and losses.

“Since the 20% flash crash last weekend – which was triggered by a wider risk-off sentiment that also impacted many areas of global stock markets – Bitcoin had been making small gains over the last few days.

“But it has failed to hold on to this momentum after not being able to hold above $50,000.

“This is an important threshold and the failure to secure it will likely spook some traders.”

He continues: “However, like many serious crypto investors, I’m embracing this short-term volatility for longer-term gains.

“I’m using the lower prices of Bitcoin and other major cryptocurrencies to top-up my portfolio. Why? Because like many major corporations, financial institutions, governments, prestigious universities, and household-name investing legends, I’m confident that digital currencies are the inevitable future of money.

“In our increasingly tech-driven, globalized world, it makes sense to hold digital, borderless, decentralized currencies.

“In addition, adoption and demand are increasing all the time, whilst at the same time, supply is decreasing.”

The deVere boss is seemingly not the only one taking this approach. The third-largest holder of Bitcoin added more than $150 million of the cryptocurrency to their holdings following last weekend’s flash crash.

Figures from BitInfoCharts show the investor purchased more than 3,000 Bitcoins over the last of the last few days.

“Such ‘whales’, which are individuals or entities that hold enough cryptocurrency to have the potential to move currency valuations, shrug off concerns about dips, use them as buying opportunities, and focus on long-term trends. This approach alone has the power to push crypto values up,” affirms Mr Green.

He concludes: “Despite the recent turbulence, the trajectory of Bitcoin and other major cryptos is upwards. I would not be surprised to see Bitcoin reach $100,000 in the first half of 2022.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

Cryptocurrencies Opinions

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.