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Dow Jones Mini Non-Commercial Speculator Positions:
Large speculators lifted their bullish net positions in the Dow Jones Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Dow Jones Mini futures, traded by large speculators and hedge funds, totaled a net position of 25,414 contracts in the data reported through Tuesday March 6th. This was a weekly advance of 3,143 contracts from the previous week which had a total of 22,271 net contracts.
Speculative positions have now increased slightly for the past two weeks after declining for the previous three weeks in a row. The overall position standing is above the +20,000 contract level for a second week after dropping below this level for the first time since May 17th 2016 when net positions totaled +18,130 contracts.
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Dow Jones Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -30,319 contracts on the week. This was a weekly decrease of -2,678 contracts from the total net of -27,641 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the DIA ETF, which tracks the price of Dow Jones Index, closed at approximately $248.84 which was a loss of $-5.12 from the previous close of $253.96, according to unofficial market data.
*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) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article By CountingPips.com – Receive our weekly COT Reports by Email