November 17, 2018 – By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators slightly lifted their bullish net positions in the S&P500 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 S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 201,412 contracts in the data reported through Tuesday November 13th. This was a weekly rise of 3,390 net contracts from the previous week which had a total of 198,022 net contracts.
This week’s net position was the result of the gross bullish position increasing by 16,735 contracts to a weekly total of 485,689 contracts and offsetting an advance in the the gross bearish position by 13,345 contracts for the week to a total of 284,277 contracts.
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The sp mini speculative net position had fallen sharply last week by -64,986 contracts and fallen under the +200,000 contract level before this week’s slight turnaround. The current spec standing remains strongly bullish and is back above the +200,000 contract level this week for the fifth time out of the past six weeks.
S&P500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -241,157 contracts on the week. This was a weekly drop of -76 contracts from the total net of -241,081 contracts reported the previous week.
S&P500 Mini Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 Mini Futures (Front Month) closed at approximately $2727.50 which was a loss of $-31.50 from the previous close of $2759.00, 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).
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