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Speculators shed US Dollar Index bets for 2nd week. Japanese Yen bets fall into bearish level

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators decreased their bullish net positions in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 37,436 contracts in the data reported through Tuesday October 15th. This was a weekly reduction of -2,423 contracts from the previous week which had a total of 39,859 net contracts.

This week’s net position was the result of the gross bullish position (longs) dropping by -4,689 contracts (to a weekly total of 44,288 contracts) compared to the gross bearish position (shorts) which saw a lesser decrease by -2,266 contracts on the week (to a total of 6,852 contracts).

US Dollar Index speculators dropped their bullish bets for a second straight this week following a streak of six consecutive weekly gains. The dollar positioning s now under the +40,000 net position for a second straight week after bets had ascended to a 127-week high at +43,028 net contracts on October 1st.


Individual Currencies Data this week:

In the other major currency contracts data, we saw only one substantial change (+ or – 10,000 contracts) in the speculators category this week.

Japanese yen speculators strongly bailed out (-17,653 change in contracts) of their positions this week and pushed the overall level back into bearish territory for the first time in eleven weeks. Yen positioning had reached a 2019 high on August 27th at a total of 33,607 contracts before sentiment turned lower and fell for five out of the next seven weeks.

Overall, the major currencies that saw improving speculator positions this week were the euro (259 weekly change in contracts), British pound sterling (267 contracts) and the Canadian dollar (7,648 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-2,423 weekly change in contracts),  Japanese yen (-17,653 contracts), Swiss franc (-1,719 contracts), Australian dollar (-661 contracts), New Zealand dollar (-1,946 contracts) and the Mexican peso (-1,920 contracts).

Other Notables:

New Zealand dollar speculators pushed their bearish positions higher again this week for the fourth time out of the past five weeks. The overall position is back over the -40,000 net contract level for only the second time in history with the first being two weeks ago (the all-time record bearish position of -42,474 contracts).

Australian dollar speculators slightly added to the bearish bets this week for the third time in the past four weeks. Overall, the AUD position remains in the lower part of its three year range and the AUD has now been in bearish territory for eighty-one straight weeks, dating back to March of 2018.


Chart: Current Strength of Each Currency compared to their 3-Year Range

See the table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 37,436 -2,423
EuroFx -75,154 259
GBP -72,952 267
JPY -6,641 -17,653
CHF -12,766 -1,719
CAD 12,961 7,648
AUD -47,605 -661
NZD -40,163 -1,946
MXN 113,476 -1,920

 

This latest COT data is through Tuesday and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.

 


Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

The Euro large speculator standing this week resulted in a net position of -75,154 contracts in the data reported through Tuesday. This was a weekly gain of 259 contracts from the previous week which had a total of -75,413 net contracts.


British Pound Sterling:

The large British pound sterling speculator level totaled a net position of -72,952 contracts in the data reported this week. This was a weekly advance of 267 contracts from the previous week which had a total of -73,219 net contracts.


Japanese Yen:

Large Japanese yen speculators recorded a net position of -6,641 contracts in this week’s data. This was a weekly decline of -17,653 contracts from the previous week which had a total of 11,012 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week reached a net position of -12,766 contracts in the data through Tuesday. This was a weekly decline of -1,719 contracts from the previous week which had a total of -11,047 net contracts.


Canadian Dollar:

Canadian dollar speculators totaled a net position of 12,961 contracts this week. This was a rise of 7,648 contracts from the previous week which had a total of 5,313 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures reached a net position of -47,605 contracts this week in the data ending Tuesday. This was a weekly fall of -661 contracts from the previous week which had a total of -46,944 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing came in at a net position of -40,163 contracts this week in the latest COT data. This was a weekly lowering of -1,946 contracts from the previous week which had a total of -38,217 net contracts.


Mexican Peso:

Mexican peso speculators resulted in a net position of 113,476 contracts this week. This was a weekly lowering of -1,920 contracts from the previous week which had a total of 115,396 net contracts.


Article By CountingPips.comReceive 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).

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

WTI Crude Oil Speculators slightly edged their bullish bets higher after 4 down weeks

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators slightly bumped up 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 356,884 contracts in the data reported through Tuesday October 15th. This was a weekly change of 1,799 net contracts from the previous week which had a total of 355,085 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 16,123 contracts (to a weekly total of 536,406 contracts) while the gross bearish position (shorts) that also rose but by a lesser amount of 14,324 contracts for the week (to a total of 179,522 contracts).

Crude oil speculators edged their bullish bets slightly higher this week following four weeks of declining positions. The bullish position had decreased by a total of -73,120 contracts in the previous four weeks and fell to the lowest level since June 11th when net bullish bets totaled +351,655 contracts.  The current bullish level has now been under the +400,000 net contract level for three straight weeks.

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 -364,457 contracts on the week. This was a weekly decrease of -948 contracts from the total net of -363,509 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 $52.81 which was an uptick of $0.18 from the previous close of $52.63, 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.comReceive our weekly COT Reports by Email

10-Year Note Speculators once again trimmed their bearish bets for a 6th week

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators continued to decrease their bearish net positions in the 10-Year Note 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -99,692 contracts in the data reported through Tuesday October 15th. This was a weekly change of 22,868 net contracts from the previous week which had a total of -122,560 net contracts.

The week’s net position was the result of the gross bullish position (longs) gaining by 56,551 contracts (to a weekly total of 661,339 contracts) while the gross bearish position (shorts) also rose by 33,683 contracts for the week (to a total of 761,031 contracts).

10-Year speculators cut back on their bearish positions for the sixth consecutive week this week. Speculators have now reduced their bearish bets by a total of 278,175 contracts over that six-week period. The speculative standing is now at the least bearish level since January 16th of 2018 which is a span of ninety-one straight weeks.

10-Year Note Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 39,989 contracts on the week. This was a weekly decline of -28,372 contracts from the total net of 68,361 contracts reported the previous week.

10-Year Note Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $129.79 which was a decline of $-2.03 from the previous close of $131.82, 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.comReceive our weekly COT Reports by Email

Gold Speculators sharply dropped their bullish bets for 2nd time in 3 weeks

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators strongly cut back on 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 253,027 contracts in the data reported through Tuesday October 15th. This was a weekly decline of -22,536 net contracts from the previous week which had a total of 275,563 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -15,013 contracts (to a weekly total of 319,370 contracts) while the gross bearish position (shorts) increased by 7,523 contracts for the week (to a total of 66,343 contracts).

Gold speculators sharply reduced their bullish bets for the second time out of the past three weeks and have now trimmed off a total of -59,417 contracts in that time-frame. Previously, gold speculators had been steadily raising their bullish positions which culminated with a jump to a three-year high on September 24th at over +312,000 contracts. Currently, the overall bullish standing has now dipped to the lowest level since July 23rd, a span of twelve weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -288,275 contracts on the week. This was a weekly boost of 22,667 contracts from the total net of -310,942 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 $1483.50 which was a decline of $-20.40 from the previous close of $1503.90, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

VIX Speculators pushed bearish bets higher for 6th time in past 7 weeks

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators boosted their bearish net positions in the VIX 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 VIX futures, traded by large speculators and hedge funds, totaled a net position of -155,980 contracts in the data reported through Tuesday October 15th. This was a weekly change of -17,300 net contracts from the previous week which had a total of -138,680 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 4,316 contracts (to a weekly total of 80,525 contracts) while the gross bearish position (shorts) rose by a greater amount of 21,616 contracts for the week (to a total of 236,505 contracts).

VIX speculators have now raised their bearish bets for the sixth time out of the past seven weeks as traders continue to bet on lower volatility. The past seven weeks have seen a total of -98,827 contracts added to the existing bearish position. This week’s standing is now the most bearish level for the VIX speculators since April 30th when bets hit a record bearish level of -180,359 contracts.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 164,490 contracts on the week. This was a weekly uptick of 19,251 contracts from the total net of 145,239 contracts reported the previous week.

VIX Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX Futures (Front Month) closed at approximately $16.87 which was a shortfall of $-3.10 from the previous close of $19.97, 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.comReceive our weekly COT Reports by Email

Silver Speculators cut back on their bullish bets for 5th time in 6 weeks

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators once again decreased 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 43,989 contracts in the data reported through Tuesday October 15th. This was a weekly decline of -6,765 net contracts from the previous week which had a total of 50,754 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -5,004 contracts (to a weekly total of 85,088 contracts) while the gross bearish position (shorts) gained by 1,761 contracts for the week (to a total of 41,099 contracts).

Silver speculators reduced their bullish bets for the fifth time out of the past six weeks. This recent drop in sentiment follows the strong run over the summer that had seen bullish positions rise in ten out of the previous fourteen weeks. The overall bullish standing is now at the lowest level of the past nine weeks, dating back to August 13th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -70,487 contracts on the week. This was a weekly boost of 6,419 contracts from the total net of -76,906 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 $1738.40 which was a fall of $-31.60 from the previous close of $1770.00, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

Copper Speculators edged their bearish bets lower for 1st time in 4 weeks

October 19th – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators slightly trimmed their bearish net positions lower 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 -47,255 contracts in the data reported through Tuesday October 15th. This was a weekly change of 838 net contracts from the previous week which had a total of -48,093 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -2,501 contracts (to a weekly total of 67,383 contracts) while the gross bearish position (shorts) fell by -3,339 contracts for the week (to a total of 114,638 contracts).

Copper speculators slightly pared their bearish bets this week following three straight weeks of gaining bearish positions. The copper speculative position has continued to be highly bearish and recently reached a record high bearish level on September 3rd at a total of -58,841 contracts. Overall, copper bets have now been in bearish territory for twenty-five 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 45,778 contracts on the week. This was a weekly drop of -2,203 contracts from the total net of 47,981 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 $261.4 which was an increase of $4.55 from the previous close of $256.85, 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.comReceive our weekly COT Reports by Email

Currency Speculators trim US Dollar Index bullish bets, push Euro bets more bearish

October 12th – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators lowered their net positions in the US Dollar Index futures markets this week following a strong run, 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 39,859 contracts in the data reported through Tuesday October 8th. This was a weekly fall of -3,169 contracts from the previous week which had a total of 43,028 net contracts.

This week’s net position was the result of the gross bullish position (longs) tumbling by -3,591 contracts (to a weekly total of 48,977 contracts) compared to the gross bearish position (shorts) which saw a decrease by -422 contracts on the week (to a total of 9,118 contracts).

US Dollar Index speculators pulled back on their bullish bets for the first time in the past seven weeks. Last week, the spec positions had risen to the most bullish level (+43,028 net contracts) since April 25th of 2017, a span of 127 weeks. The dollar bullish standing has now been above the +30,000 net contract level for six straight weeks and despite the pullback this week, bullish bets have risen in twelve out of the past fifteen weeks.


Individual Currencies Data this week:

In the individual currency contracts data, the major currencies that saw improving speculator positions this week were the British pound sterling (3,873 weekly change in contracts), Swiss franc (488 contracts), Australian dollar (5,358 contracts) and the New Zealand dollar (4,257 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-3,169 weekly change in contracts), euro (-9,435 contracts), Japanese yen (-2,905 contracts), Canadian dollar (-1,014 contracts) and the Mexican peso (-416 contracts).

FX Notables:

Euro speculator positions continued to see more bearishness this week for a second straight week and for the sixth time out of the past seven weeks. Euro bets are now at the most bearish level since June 18th, a span of 17 weeks. Overall, the euro position has been in bearish territory for 54 consecutive weeks dating back to September 25th of 2018.

New Zealand dollar speculator bets improved this week after dropping to all-time record bearish levels in the previous two straight weeks. The decrease in the bearish positions this week brings the overall speculative position back under the -40,000 contract level after reaching that level last week for the first time in history. The NZD position has now been in bearish territory for thirty straight weeks after falling over from a total long position to a short on March 19th.

See FX position table and the individual currency charts below.


Chart: Current Strength of Each Currency compared to their 3-Year Range


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 39,859 -3,169
EuroFx -75,413 -9,435
GBP -73,219 3,873
JPY 11,012 -2,905
CHF -11,047 488
CAD 5,313 -1,014
AUD -46,944 5,358
NZD -38,217 4,257
MXN 115,396 -416

 

This latest COT data is through Tuesday and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.

 


Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

The Euro large speculator standing this week equaled a net position of -75,413 contracts in the data reported through Tuesday. This was a weekly fall of -9,435 contracts from the previous week which had a total of -65,978 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -73,219 contracts in the data reported this week. This was a weekly advance of 3,873 contracts from the previous week which had a total of -77,092 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of 11,012 contracts in this week’s data. This was a weekly lowering of -2,905 contracts from the previous week which had a total of 13,917 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week came in at a net position of -11,047 contracts in the data through Tuesday. This was a weekly rise of 488 contracts from the previous week which had a total of -11,535 net contracts.


Canadian Dollar:

Canadian dollar speculators was a net position of 5,313 contracts this week. This was a reduction of -1,014 contracts from the previous week which had a total of 6,327 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures recorded a net position of -46,944 contracts this week in the data ending Tuesday. This was a weekly gain of 5,358 contracts from the previous week which had a total of -52,302 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing resulted in a net position of -38,217 contracts this week in the latest COT data. This was a weekly rise of 4,257 contracts from the previous week which had a total of -42,474 net contracts.


Mexican Peso:

Mexican peso speculators equaled a net position of 115,396 contracts this week. This was a weekly decline of -416 contracts from the previous week which had a total of 115,812 net contracts.


Article By CountingPips.comReceive 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).

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

WTI Crude Oil Speculators sharply cut their bullish bets, down for 4th week

October 12th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators continued to reduce 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 355,085 contracts in the data reported through Tuesday October 8th. This was a weekly fall of -34,234 net contracts from the previous week which had a total of 389,319 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 5,454 contracts (to a weekly total of 520,283 contracts) while the gross bearish position (shorts) gained by a larger amount of 39,688 contracts for the week (to a total of 165,198 contracts).

Speculators dropped their bullish bets this week for the fourth straight week while in each of the last two weeks, positions have fallen by over -34,000 contracts, respectively. The crude speculative position has now fallen in six out of the past seven weeks to bring the overall net position to its lowest level since June 11th when net bullish bets totaled +351,655 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 -363,509 contracts on the week. This was a weekly boost of 38,468 contracts from the total net of -401,977 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 $52.63 which was a drop of $-0.99 from the previous close of $53.62, 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.comReceive our weekly COT Reports by Email

10-Year Note Speculators pared bearish bets for 5th week, lowest level in 89 weeks

October 12th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators once again cut back on their bearish net positions in the 10-Year Note 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -122,560 contracts in the data reported through Tuesday October 8th. This was a weekly change of 41,050 net contracts from the previous week which had a total of -163,610 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -36,217 contracts (to a weekly total of 604,788 contracts) while the gross bearish position (shorts) dropped by a larger amount of -77,267 contracts for the week (to a total of 727,348 contracts).

Large 10-year speculators continued to decrease their bearish positions this week for the fifth consecutive week. Overall, the spec position have now sliced off a total of 255,307 contracts from the bearish standing in these past five weeks.

The current net standing is now at the least bearish level since January 23rd of 2018, which is a span of eighty-nine weeks.

10-Year Note Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 68,361 contracts on the week. This was a weekly decrease of -23,360 contracts from the total net of 91,721 contracts reported the previous week.

10-Year Note Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $131.82 which was an advance of $1.04 from the previous close of $130.78, 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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