Archive for Commodities & Metals – Page 3

WTI Crude Oil Speculators continued to pare their bullish bets for 7th week

November 17, 2018 – 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 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 381,198 contracts in the data reported through Tuesday November 13th. This was a weekly fall of -22,585 net contracts from the previous week which had a total of 403,783 net contracts.

This week’s net position was the result of the gross bullish position going up by 6,883 contracts to a weekly total of 561,445 contracts but being overtaken by the gross bearish position which saw a gain by 29,468 short contracts for the week to a total of 180,247 contracts.

The speculative position has continued on its downward trajectory for a seventh straight week and for the ninth week out of the past ten. The current standing is now at the least bullish level since September 12th of 2017 when the net position totaled 374,480 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 -419,527 contracts on the week. This was a weekly uptick of 27,084 contracts from the total net of -446,611 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 $55.69 which was a fall of $-6.52 from the previous close of $62.21, 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 sharply dropped their bets back into overall bearish position

November 17, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculator sentiment took a hit this week and registered a new bearish net position in the Gold futures markets, 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 -9,247 contracts in the data reported through Tuesday November 13th. This was a weekly reduction of -28,273 net contracts from the previous week which had a total of 19,026 net contracts.

This week’s net position was the result of the gross bullish position dropping by -725 contracts to a weekly total of 168,416 contracts while the gross bearish position which saw a sharp rise by 27,548 contracts for the week to a total of 177,663 contracts.

The gold speculative position is back in bearish territory after spending the previous four weeks in a bullish position and shows that gold sentiment has not turned a corner yet. Overall, the gold speculative net position has been in a bearish standing for ten out of the past fourteen weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -1,823 contracts on the week. This was a weekly increase of 36,313 contracts from the total net of -38,136 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 $1201.40 which was a loss of $-24.90 from the previous close of $1226.30, 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 raised their bearish bets this week to 5-week high

November 17, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bearish 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 -17,145 contracts in the data reported through Tuesday November 13th. This was a weekly lowering of -14,675 net contracts from the previous week which had a total of -2,470 net contracts.

This week’s net position was the result of the gross bullish position gaining by 1,501 contracts to a weekly total of 74,618 contracts while the gross bearish position total of 91,763 contracts which saw a rise by 16,176 contracts for the week.

The silver net speculative bearish position had seen declining bearish levels in three out of the previous four weeks before this week’s turnaround. The current standing is now at the highest bearish level since October 9th and overall, silver bets have continued to remain in a bearish position for fourteen straight weeks through Tuesday.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -4,947 contracts on the week. This was a weekly boost of 14,344 contracts from the total net of -19,291 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 $1397.70 which was a drop of $-52.30 from the previous close of $1450.00, 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 bets this week, remain in small bullish position

November 17, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators 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 3,415 contracts in the data reported through Tuesday November 13th. This was a weekly decrease of -2,971 net contracts from the previous week which had a total of 6,386 net contracts.

This week’s net position was the result of the gross bullish position gaining by 22 contracts to a weekly total of 73,469 contracts compared to the gross bearish position total of 70,054 contracts which saw a lift by 2,993 contracts for the week.

The speculative copper bets have fallen for two out of the past three weeks and remains in a small bullish position. The current standing is in its eighth straight week in bullish territory since turning bullish on September 25th.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -3,752 contracts on the week. This was a weekly rise of 3,025 contracts from the total net of -6,777 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 $268.70 which was a decline of $-4.55 from the previous close of $273.25, 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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WTI Crude Oil Speculators continued to cut back on their bullish bets for 6th week

By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators once again cut back on 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 403,783 contracts in the data reported through Tuesday November 6th. This was a weekly decrease of -28,855 net contracts from the previous week which had a total of 432,638 net contracts.

This week’s net position was the result of the gross bullish position sliding by -11,109 contracts to a weekly total of 554,562 contracts compared to the gross bearish position total of 150,779 contracts which saw a gain by 17,746 contracts for the week.

The speculative net position has now fallen for six straight weeks and for eight out of the past nine weeks. The current standing is now at the lowest bullish level since September 12th of 2017 when the net position totaled 374,480 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 -446,611 contracts on the week. This was a weekly gain of 20,460 contracts from the total net of -467,071 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 $62.21 which was a decline of $-3.97 from the previous close of $66.18, 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 advanced their bullish bets higher this week

November 10, 2018 – 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 19,026 contracts in the data reported through Tuesday November 6th. This was a weekly advance of 5,832 net contracts from the previous week which had a total of 13,194 net contracts.

This week’s net position was the result of the gross bullish position going up by 387 contracts to a weekly total of 169,141 contracts in addition to the gross bearish position which saw a reduction by -5,445 contracts for the week to a total of 150,115 contracts .

The speculative gold position has improved for three out of the past four weeks. The current standing is now in it fourth straight week of being in bullish territory after spending the previous nine weeks in a bearish position.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -38,136 contracts on the week. This was a weekly decrease of -6,931 contracts from the total net of -31,205 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 $1226.30 which was a rise of $1.00 from the previous close of $1225.30, 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 reduced their bearish bets to best position in 13 weeks

November 10, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators decreased their bearish 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 -2,470 contracts in the data reported through Tuesday November 6th. This was a weekly lift of 6,000 net contracts from the previous week which had a total of -8,470 net contracts.

This week’s net position was the result of the gross bullish position falling by -2,936 contracts (to a weekly total of 73,117 contracts) compared to the gross bearish position total of 75,587 contracts which dropped by a larger amount of -8,936 contracts for the week.

The speculative net position has now improved (declining bearish bets) for three out of the last four weeks and for seven out of the past nine weeks. The current standing is the smallest bearish position since silver bets went bearish thirteen weeks ago.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -19,291 contracts on the week. This was a weekly loss of -9,531 contracts from the total net of -9,760 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 $1450.00 which was an uptick of $3.80 from the previous close of $1446.20, 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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Copper Speculator bullish positions rebounded this week

November 10, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators boosted 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 6,386 contracts in the data reported through Tuesday November 6th. This was a weekly boost of 5,719 net contracts from the previous week which had a total of 667 net contracts.

This week’s net position was the result of the gross bullish position advancing by 1,827 contracts to a weekly total of 73,447 contracts and a fall in the gross bearish position to a total of 67,061 contracts which was a reduction by -3,892 contracts for the week.

The net speculative position rebounded this week after last week’s decline by -8,680 contracts. Overall, the copper spec position has gained for three out of the past four weeks and has now been in positive bullish territory for seven straight weeks.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -6,777 contracts on the week. This was a weekly drop of -4,456 contracts from the total net of -2,321 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 $273.25 which was a boost of $6.85 from the previous close of $266.40, 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 decreased their bullish bets for 5th straight week

November 3, 2018 – 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 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 432,638 contracts in the data reported through Tuesday October 30th. This was a weekly fall of -22,640 contracts from the previous week which had a total of 455,278 net contracts.

This week’s decline in bullish bets marks the fifth straight weekly reduction and the seventh shortfall out of the past eight weeks. Bullish bets have fallen by -127,447 contracts since the beginning of October. The current standing has now slid to the lowest bullish standing since October 17th of 2107 (a span of 55 weeks) when the net position totaled 429,525 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 -467,071 contracts on the week. This was a weekly advance of 35,744 contracts from the total net of -502,815 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 $66.18 which was a drop of $-0.25 from the previous close of $66.43, 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 bullish bets cooled off this week

November 3, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators reduced 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 13,194 contracts in the data reported through Tuesday October 30th. This was a weekly lowering of -16,194 contracts from the previous week which had a total of 29,388 net contracts.

The speculative gold position had risen sharply over the previous two weeks and by a total of 67,563 contracts after spending the previous nine weeks in bearish territory. Despite this week’s pullback, the current standing marks a third consecutive week in bullish territory.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -31,205 contracts on the week. This was a weekly boost of 15,315 contracts from the total net of -46,520 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 $1225.30 which was a drop of $-11.50 from the previous close of $1236.80, 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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