Archive for Commodities & Metals

WTI Crude Oil Speculators cooled the decline of their bullish bets this week

December 22nd – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators edged their bullish net positions very slightly higher in the WTI Crude Oil 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 309,608 contracts in the data reported through Tuesday December 18th. This was a weekly gain of 102 net contracts from the previous week which had a total of 309,506 net contracts.

This week’s net position was the result of the gross bullish position sliding by -1,869 contracts to a weekly total of 502,715 contracts compared to the gross bearish position which saw a decline by -1,971 contracts for the week to a total of 193,107 contracts.

The net speculative position had fallen for eleven straight weeks before this week’s minuscule turnaround. The current standing remains near the lowest bullish levels since November of 2016.

WTI Crude Oil Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -334,285 contracts on the week. This was a weekly loss of -3,333 contracts from the total net of -330,952 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $46.60 which was a decrease of $-5.05 from the previous close of $51.65, 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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Gold Speculators continued to advance their bullish bets for 3rd week

December 22nd – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Gold 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 Gold futures, traded by large speculators and hedge funds, totaled a net position of 75,960 contracts in the data reported through Tuesday December 18th. This was a weekly gain of 15,461 net contracts from the previous week which had a total of 60,499 net contracts.

This week’s net position was the result of the gross bullish position gaining by 12,568 contracts to a weekly total of 182,168 contracts compared to the gross bearish position which saw a decrease by -2,893 contracts for the week to a total of 106,208 contracts.

The net speculative position has now risen sharply for three straight weeks and by a total of 74,089 contracts over that period. The current speculator standing is now at the most bullish level since July 10th when the net position totaled 81,434 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -92,675 contracts on the week. This was a weekly shortfall of -15,307 contracts from the total net of -77,368 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1253.60 which was an advance of $6.40 from the previous close of $1247.20, 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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Silver Speculators raised their bullish bets for 3rd week to 5-month high

December 22nd – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Silver 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of 19,831 contracts in the data reported through Tuesday December 18th. This was a weekly increase of 8,575 net contracts from the previous week which had a total of 11,256 net contracts.

This week’s net position was the result of the gross bullish position growing by 2,887 contracts to a weekly total of 74,023 contracts combined with the gross bearish position which saw a decline by -5,688 contracts for the week to a total of 54,192 contracts.

The net speculative position has gained for three straight weeks and by a total of 30,797 contracts over that period. The current standing is now at the highest level since July 10th when the net position equaled 23,699 contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -35,476 contracts on the week. This was a weekly loss of -7,597 contracts from the total net of -27,879 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1470.10 which was an advance of $7.30 from the previous close of $1462.80, 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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Copper Speculators reduced bets back into a bearish position this week

December 22nd – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their net positions in the Copper 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 Copper futures, traded by large speculators and hedge funds, totaled a net position of -2,678 contracts in the data reported through Tuesday December 18th. This was a weekly drop of -9,925 net contracts from the previous week which had a total of 7,247 net contracts.

This week’s net position was the result of the gross bullish position rising by 4,500 contracts to a weekly total of 76,807 contracts but being overtaken by the gross bearish position which saw a jump by 14,425 contracts for the week to a total of 79,485 contracts.

The speculative net position has now fallen for four straight weeks and for five out of the past six weeks. The current standing is back in an overall bearish position for the first time since September 18th.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 1,664 contracts on the week. This was a weekly advance of 8,470 contracts from the total net of -6,806 contracts reported the previous week.

Copper Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $266.45 which was a loss of $-10.25 from the previous close of $276.70, 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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WTI Crude Oil Speculators once again cut their bullish bets for 11th week

December 15th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators continued to lower their bullish net positions in the WTI Crude Oil 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 309,506 contracts in the data reported through Tuesday December 11th. This was a weekly decrease of -20,640 net contracts from the previous week which had a total of 330,146 net contracts.

This week’s net position was the result of the gross bullish position sliding by -708 contracts to a weekly total of 504,584 contracts compared to the gross bearish which saw a rise by 19,932 contracts for the week to a total position total of 195,078 contracts.

The speculative net position has declined for eleven straight weeks and by a total of -250,579 contracts over that period. The current standing is now at the lowest bullish level since November 29th of 2016 when the net position totaled 287,881 contracts.

WTI Crude Oil Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -330,952 contracts on the week. This was a weekly change of 17,572 contracts from the total net of -348,524 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $51.65 which was a drop of $-1.60 from the previous close of $53.25, 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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Gold Speculators pushed their bullish bets higher this week

December 15th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators raised their bullish net positions higher in the Gold 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 Gold futures, traded by large speculators and hedge funds, totaled a net position of 60,499 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 11,498 net contracts from the previous week which had a total of 49,001 net contracts.

This week’s net position was the result of the gross bullish position sliding by -3,419 contracts to a weekly total of 169,600 contracts compared to the gross bearish position which saw a decline by -14,917 contracts for the week to a total of 109,101 contracts.

The speculative net position rose for a second straight week and by a total of 58,628 contracts over that period. The current standing is now at the highest bullish position since since July 10th when the net position totaled 81,434 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -77,368 contracts on the week. This was a weekly drop of -19,119 contracts from the total net of -58,249 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1247.20 which was an increase of $0.60 from the previous close of $1246.60, 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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Silver Speculators sharply lifted their bets into a new bullish position

December 15th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Silver 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of 11,256 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 11,891 net contracts from the previous week which had a total of -635 net contracts.

This week’s net position was the result of the gross bullish position rising by 1,822 contracts to a weekly total of 71,136 contracts compared to the gross bearish position which saw a fall by -10,069 contracts for the week to a total of 59,880 contracts.

The speculator’s selloff of their bearish bets pushed the new net position into bullish territory for the first time in eighteen weeks (since August 7th). The current standing is at the highest bullish position since July 10th when the net position totaled 23,699 contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -27,879 contracts on the week. This was a weekly shortfall of -12,461 contracts from the total net of -15,418 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1462.80 which was a shortfall of $-1.20 from the previous close of $1464.00, 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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Copper Speculators reduced their bullish bets for 3rd week running

December 15th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators continued to cut back on their bullish net positions in the Copper 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 Copper futures, traded by large speculators and hedge funds, totaled a net position of 7,247 contracts in the data reported through Tuesday December 11th. This was a weekly lowering of -3,436 net contracts from the previous week which had a total of 10,683 net contracts.

This week’s net position was the result of the gross bullish position declining by -3,041 contracts to a weekly total of 72,307 contracts compared to the gross bearish position which saw a increase by 395 contracts for the week to a total of 65,060 contracts.

Copper’s net spec position has now fallen for three straight weeks and for the fourth time out of the past five weeks. The current standing remains in a small bullish position below the +10,000 net contract level.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -6,806 contracts on the week. This was a weekly rise of 5,047 contracts from the total net of -11,853 contracts reported the previous week.

Copper Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $276.70 which was a gain of $0.80 from the previous close of $275.90, 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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WTI Crude Oil Speculators lowered their bullish bets for 10th straight week

December 10th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators continued to decrease their bullish net positions in the WTI Crude Oil futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday which was a delay due to former President George H.W. Bush’s funeral last week.

The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 330,146 contracts in the data reported through Tuesday December 4th. This was a weekly lowering of -17,975 net contracts from the previous week which had a total of 348,121 net contracts.

The week’s net position was the result of the gross bullish position tumbling by -6,387 contracts to a weekly total of 505,292 contracts compared to the gross bearish position which saw an increase by 11,588 contracts for the week to a total of 175,146 contracts.

The speculative net positions keeps declining and has fallen for ten straight weeks (by a total of -229,939 contracts in that period). The current standing is now at the lowest bullish level since June 27th of 2017 when the net position totaled 327,188 contracts.

WTI Crude Oil Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -348,524 contracts on the week. This was a weekly advance of 24,691 contracts from the total net of -373,215 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $53.25 which was an increase of $1.69 from the previous close of $51.56, 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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Gold Speculators strongly boosted their bullish bets to best level in 20 weeks

December 10th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators sharply increased their bullish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday which was a delay due to former President George H.W. Bush’s funeral last week.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 49,001 contracts in the data reported through Tuesday December 4th. This was a weekly boost of 47,130 net contracts from the previous week which had a total of 1,871 net contracts.

The week’s net position was the result of the gross bullish position going up by 16,240 contracts to a weekly total of 173,019 contracts compared to the gross bearish position which saw a lowering by -30,890 contracts for the week to a total of 124,018 contracts.

The speculative net position has increased for two out of the past three weeks and last week hit the largest gain in seven weeks. The current standing is now at the most bullish level since July 17th when the net position totaled 57,841 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -58,249 contracts on the week. This was a weekly decline of -42,149 contracts from the total net of -16,100 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1246.60 which was a rise of $26.70 from the previous close of $1219.90, 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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