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Currency Speculators cut US Dollar Index bullish bets for 10th straight week

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators once again decreased their 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 22,261 contracts in the data reported through Tuesday December 10th. This was a weekly lowering of -1,616 contracts from the previous week which had a total of 23,877 net contracts.

This week’s net position was the result of the gross bullish position (longs) lowering by -428 contracts (to a weekly total of 30,754 contracts) compared to the gross bearish position (shorts) which saw a rise by 1,188 contracts on the week (to a total of 8,493 contracts).

Speculators continued to pare their bullish positions in the US Dollar Index for a tenth straight week and by a total of -20,767 contracts in that period. The current standing of bullish positions is now at the lowest level in seventy-three weeks, dating back to July of 2018. Despite the recent declines, the USD Index position has now remained in bullish territory for eighty-three consecutive weeks starting in May of 2018.


Individual Currencies Data this week:

In the individual major currencies data, the currencies that saw improving speculator positions this week were the euro (1,406 weekly change in contracts), British pound sterling (7,411 contracts), Japanese yen (4,141 contracts), Swiss franc (1,422 contracts), New Zealand dollar (1,652 contracts) and the Mexican peso (514 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-1,616 weekly change in contracts), Canadian dollar (-730 contracts) and the Australian dollar (-375 contracts).

See the table and more 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 22,261 -1,616
EuroFx -67,643 1,406
GBP -22,639 7,411
JPY -43,682 4,141
CHF -20,865 1,422
CAD 20,741 -730
AUD -36,808 -375
NZD -25,340 1,652
MXN 130,641 514

 

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 was a net position of -67,643 contracts in the data reported through Tuesday. This was a weekly increase of 1,406 contracts from the previous week which had a total of -69,049 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -22,639 contracts in the data reported this week. This was a weekly boost of 7,411 contracts from the previous week which had a total of -30,050 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of -43,682 contracts in this week’s data. This was a weekly boost of 4,141 contracts from the previous week which had a total of -47,823 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week was a net position of -20,865 contracts in the data through Tuesday. This was a weekly increase of 1,422 contracts from the previous week which had a total of -22,287 net contracts.


Canadian Dollar:

Canadian dollar speculators resulted in a net position of 20,741 contracts this week. This was a decline of -730 contracts from the previous week which had a total of 21,471 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures was a net position of -36,808 contracts this week in the data ending Tuesday. This was a weekly reduction of -375 contracts from the previous week which had a total of -36,433 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing totaled a net position of -25,340 contracts this week in the latest COT data. This was a weekly advance of 1,652 contracts from the previous week which had a total of -26,992 net contracts.


Mexican Peso:

Mexican peso speculators was a net position of 130,641 contracts this week. This was a weekly advance of 514 contracts from the previous week which had a total of 130,127 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 boosted their bullish bets to 32-week high

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators sharply lifted 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 495,539 contracts in the data reported through Tuesday December 10th. This was a weekly jump of 67,504 net contracts from the previous week which had a total of 428,035 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 46,096 contracts (to a weekly total of 577,216 contracts) while the gross bearish position (shorts) declined by -21,408 contracts for the week (to a total of 81,677 contracts).

Crude oil speculators sharply raised their bullish positions this week and have pushed their bets higher in eight out of the past nine weeks. This week’s jump in bullish net positions marks the highest one-week increase since late in 2016 and puts the current standing at the highest bullish level in the past thirty-two 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 -501,989 contracts on the week. This was a weekly loss of -64,279 contracts from the total net of -437,710 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 $59.24 which was a gain of $3.14 from the previous close of $56.10, 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 pulled back on their bearish bets for 3rd time in 5 weeks

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators pared 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 -178,921 contracts in the data reported through Tuesday December 10th. This was a weekly change of 42,974 net contracts from the previous week which had a total of -221,895 net contracts.

The week’s net position was the result of the gross bullish position (longs) dropping by -52,998 contracts (to a weekly total of 649,320 contracts) while the gross bearish position (shorts) declined by -95,972 contracts for the week (to a total of 828,241 contracts).

Large 10-year speculators cut back on their bearish bets for the third time in the past five weeks. The decline in bearish positions brings the overall bearish level back under the -200,000 net contract standing for the fourth time in the past five weeks. Overall, the 10-year position has now been in bearish territory for one-hundred and four 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 217,135 contracts on the week. This was a weekly drop of -24,784 contracts from the total net of 241,919 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 $128.92 which was a drop of $-1.10 from the previous close of $130.03, 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 cut back on their bullish net positions this week

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators 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 270,920 contracts in the data reported through Tuesday December 10th. This was a weekly fall of -19,785 net contracts from the previous week which had a total of 290,705 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -17,356 contracts (to a weekly total of 329,169 contracts) while the gross bearish position (shorts) rose by 2,429 contracts for the week (to a total of 58,249 contracts).

Gold bullish bets dropped for the third time in the past five weeks this week. The decline this week marked the largest shortfall in the past eight weeks. Despite the recent pullbacks, the gold position has remained in a strong bullish position as the speculative position has been above the +250,000 net contract level for the past twenty-one weeks and above the +200,000 net contract level for the past twenty-six weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -302,283 contracts on the week. This was a weekly increase of 20,504 contracts from the total net of -322,787 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 $1468.10 which was a drop of $-16.30 from the previous close of $1484.40, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

VIX Speculators pared their bearish bets for a 3rd week after record highs

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators cut back on 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 -183,028 contracts in the data reported through Tuesday December 10th. This was a weekly change of 16,284 net contracts from the previous week which had a total of -199,312 net contracts.

The week’s net position was the result of the gross bullish position (longs) sliding by -9,424 contracts (to a weekly total of 65,785 contracts) while the gross bearish position (shorts) fell by -25,708 contracts for the week (to a total of 248,813 contracts).

VIX Speculators reduced their bearish bets for a third consecutive week and by a total of 35,334 contracts over that three-week period. The recent declines follow a strong streak of higher and higher bearish positions that culminated in an all-time record high bearish position on November 19th with a total of -218,362 contracts. The VIX bearish position has now been over the -100,000 net contract level for thirteen straight weeks.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 195,076 contracts on the week. This was a weekly decline of -13,731 contracts from the total net of 208,807 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 an advance of $0.65 from the previous close of $16.22, 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 lowered their bullish bets for 2nd week

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators cut back on 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 40,742 contracts in the data reported through Tuesday December 10th. This was a weekly decline of -9,485 net contracts from the previous week which had a total of 50,227 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -3,624 contracts (to a weekly total of 85,617 contracts) while the gross bearish position (shorts) gained by 5,861 contracts for the week (to a total of 44,875 contracts).

Silver speculators decreased their bullish bets for a second straight week and by a total of -11,768 contracts over the two-week period. Silver bets are now at the lowest level in the past four weeks but remain strongly in a bullish position. Overall, silver positions have been in bullish territory for twenty-seven straight weeks, dating back to June.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -63,147 contracts on the week. This was a weekly change of 11,152 contracts from the total net of -74,299 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 $1670.20 which was a loss of $-54.60 from the previous close of $1724.80, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

Copper Speculators sharply dropped their bearish bets to 31-week low

December 14th – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators strongly cut back on their bearish 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 -17,148 contracts in the data reported through Tuesday December 10th. This was a weekly change of 20,559 net contracts from the previous week which had a total of -37,707 net contracts.

The week’s net position was the result of the gross bullish position (longs) jumping by 15,006 contracts (to a weekly total of 79,231 contracts) while the gross bearish position (shorts) fell by -5,553 contracts for the week (to a total of 96,379 contracts).

Copper speculators sharply reduced their bearish bets this week by the largest one-week amount since February. This decrease in bearish contracts brings the overall speculative position (-17148 contracts) to the least bearish standing in thirty-one weeks, dating back to May of this year.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 16,102 contracts on the week. This was a weekly loss of -19,526 contracts from the total net of 35,628 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 $276.55 which was a boost of $14.25 from the previous close of $262.30, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

Currency Speculators trim US Dollar Index bets for 9th week. AUD & NZD bets rise

December 7th – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators continued to lower their bullish net positions in the US Dollar Index futures markets once again 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 23,877 contracts in the data reported through Tuesday December 3rd. This was a weekly lowering of -261 contracts from the previous week which had a total of 24,138 net contracts.

This week’s net position was the result of the gross bullish position (longs) gaining by 1,949 contracts (to a weekly total of 31,182 contracts) compared to the gross bearish position (shorts) which saw an advance by 2,210 contracts on the week (to a total of 7,305 contracts).

US Dollar Index bets continued their downfall this week as positions have declined for nine weeks in a row and by a total of -19,151 contracts over that time. The dollar index positioning, despite the recent declines, remains bullish and has continued to stayed above the +20,000 net contract level for seventy-seven consecutive weeks.


Individual Currencies Data this week:

Overall, the major currencies that saw improving speculator positions this week were the British pound sterling (6,526 contracts), Canadian dollar (1,127 contracts), Australian dollar (8,922 contracts) and the New Zealand dollar (8,834 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-261 weekly change in contracts), euro (-7,633 weekly change in contracts), Japanese yen (-8,232 contracts), Swiss franc (-1,312 contracts) and the Mexican peso (-5,522 contracts).

Notables:

New Zealand dollar positions improved this week by over +8,000 contracts and have seen less bearish levels in four out of the past five weeks. The current level of NZD positions remains bearish at -26,992 contracts but is down from the record bearish position of -42,474 contracts that was recorded on October 1st.

Australian dollar positions also improved this week by over +8,000 contracts and have seen better positioning in the past two weeks. AUD contracts still remain in bearish levels but bearish bets have declined to -36,433 contracts this week after spending thirty-five straight weeks above the -40,000 net contract level from March 5th to October 29th.

Canadian dollar positions rose slightly this week after having declined in the previous three weeks. Overall, the CAD positioning remains in bullish territory for the twenty-third straight week after turning bullish in early July. The Canadian dollar is only one of three major currencies currently with overall bullish net positions (USD Index and Mexican peso being the other ones).


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 23,877 -261
EuroFx -69,049 -7,633
GBP -30,050 6,526
JPY -47,823 -8,232
CHF -22,287 -1,312
CAD 21,471 1,127
AUD -36,433 8,922
NZD -26,992 8,834
MXN 130,127 -5,522

 

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 -69,049 contracts in the data reported through Tuesday. This was a weekly fall of -7,633 contracts from the previous week which had a total of -61,416 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -30,050 contracts in the data reported this week. This was a weekly gain of 6,526 contracts from the previous week which had a total of -36,576 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of -47,823 contracts in this week’s data. This was a weekly lowering of -8,232 contracts from the previous week which had a total of -39,591 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week equaled a net position of -22,287 contracts in the data through Tuesday. This was a weekly lowering of -1,312 contracts from the previous week which had a total of -20,975 net contracts.


Canadian Dollar:

Canadian dollar speculators was a net position of 21,471 contracts this week. This was a gain of 1,127 contracts from the previous week which had a total of 20,344 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures came in at a net position of -36,433 contracts this week in the data ending Tuesday. This was a weekly advance of 8,922 contracts from the previous week which had a total of -45,355 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing equaled a net position of -26,992 contracts this week in the latest COT data. This was a weekly increase of 8,834 contracts from the previous week which had a total of -35,826 net contracts.


Mexican Peso:

Mexican peso speculators equaled a net position of 130,127 contracts this week. This was a weekly fall of -5,522 contracts from the previous week which had a total of 135,649 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 dropped their bullish bets after strong run up

December 7th – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators 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 428,035 contracts in the data reported through Tuesday December 3rd. This was a weekly decline of -42,901 net contracts from the previous week which had a total of 470,936 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -22,617 contracts (to a weekly total of 531,120 contracts) while the gross bearish position (shorts) increased by 20,284 contracts for the week (to a total of 103,085 contracts).

Crude oil speculators cooled off on their bullish positions this week following a strong run over the previous two months. Bullish bets had previously risen for seven consecutive weeks through November 26th and gained by a total of +115,851 bets in that time-frame. This week’s decline by over -40,000 net contracts marks the highest one-week fall since June while the overall standing (+428,035 contracts) remains above the +400,000 contract level for a fifth straight week.

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 -437,710 contracts on the week. This was a weekly boost of 37,066 contracts from the total net of -474,776 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 $56.10 which was a decline of $-2.31 from the previous close of $58.41, 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 raised their bearish bets to 11-week high

December 7th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators added to 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 -221,895 contracts in the data reported through Tuesday December 3rd. This was a weekly change of -76,150 net contracts from the previous week which had a total of -145,745 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -5,978 contracts (to a weekly total of 702,318 contracts) while the gross bearish position (shorts) jumped by 70,172 contracts for the week (to a total of 924,213 contracts).

10-Year speculators added to their bearish bets for the second time in three weeks and by a total of -73,101 contracts over that time-frame. This rise in bearishness pushed the overall bearish standing to the highest level in eleven weeks, dating back to September 17th. Despite the recent uptick in bearish bets, the current level (-221,895 contracts) remains below the 2019 average level of -257,672 contracts.

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 241,919 contracts on the week. This was a weekly increase of 116,614 contracts from the total net of 125,305 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 $130.03 which was an advance of $0.28 from the previous close of $129.75, 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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