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US Dollar Index Speculators raised bullish bets while Euro & Yen bets surged

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

US Dollar Index Speculator Positions

Large currency speculators raised their bullish net positions in the US Dollar Index futures markets this week while also sharply cutting back on bearish bets in the Japanese yen and the euro, 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 28,549 contracts in the data reported through Tuesday June 18th. This was a weekly advance of 4,560 contracts from the previous week which had a total of 23,989 net contracts.

This week’s net position was the result of the gross bullish position growing by 3,434 contracts (to a weekly total of 40,319 contracts) while the gross bearish position fell by -1,126 contracts for the week (to a weekly total of 11,770 contracts).

The large speculators added to their bullish bets for the dollar after decreasing their positions in the previous two weeks. The gain brought the overall long position to the highest level in seven weeks and above +28,000 contracts.

The latest COT data is through the close on Tuesday and was a day before the US Federal Reserve meeting which suggested (traders are more certain) that interest rate reductions could be coming.


Individual Currencies Data this week:

In all of the major currency contracts data, we saw three substantial changes (+ or – 10,000 contracts) in the speculators category this week.

Euro currency speculators sharply reduced their bearish positions this week by over 34,000 contracts. This is the largest one-week gain for the euro since October 2nd of 2017 when bets rose by over 35,000 contracts. The change this week brought the euro bearish position sharply lower and to the lowest level since February. Overall, the euro has seen improving positions for four straight weeks.

Japanese yen speculators also sharply cut back on their bearish bets this week by over 28,000 net contracts. The yen position has improved mighty fast as the bearish position was at -99,599 contracts on April 30th and is now down to just -16,565 contracts on June 18th. The yen standing is at the best level since just about a year ago when positions were in a small bullish level on June 12th 2018.

Mexican peso positions rebounded this week by over +15,000 contracts after four straight declining weeks as well as decreases in seven out of the previous eight weeks. Peso bullish bets had ascended to a record high bullish position of +156,030 contracts on April 16th before speculators started cutting their long positions. This week’s gain keeps the MXN net position above the +100,000 net contract level for a fourteenth straight week which is the longest streak on record for MXN speculator bets (a previous run in 2012 lasted 13 straight weeks).

Overall, the major currencies that saw improving speculator positions this week were the US dollar index (4,560 weekly change in contracts), euro (34,462 contracts), Japanese yen (28,600 contracts), Swiss franc (9,304 contracts) and the Mexican peso (15,491 contracts).

The currencies whose speculative bets declined this week were the British pound sterling (-7,763 weekly change in contracts), Canadian dollar (-5,231 contracts), Australian dollar (-1,637 contracts) and the New Zealand dollar (-8,346 contracts).

Other Notables for the week:

Swiss franc positions have started to improve in recent weeks after reaching a cycle low of -40,010 contracts on May 14th. Since then, speculator positions have improved four out of five weeks and by a total of +24,526 net contracts. The CHF has averaged a gain above +10,000 contracts in the past two weeks and now sit at the least bearish position since January 15th.

See the table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 28,549 4,560
EuroFx -52,330 34,462
GBP -52,564 -7,763
JPY -16,565 28,600
CHF -15,484 9,304
CAD -38,071 -5,231
AUD -64,863 -1,637
NZD -24,468 -8,346
MXN 116,806 15,491

 

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 -52,330 contracts in the data reported through Tuesday. This was a weekly lift of 34,462 contracts from the previous week which had a total of -86,792 net contracts.


British Pound Sterling:

The large British pound sterling speculator level equaled a net position of -52,564 contracts in the data reported this week. This was a weekly fall of -7,763 contracts from the previous week which had a total of -44,801 net contracts.


Japanese Yen:

Large Japanese yen speculators reached a net position of -16,565 contracts in this week’s data. This was a weekly lift of 28,600 contracts from the previous week which had a total of -45,165 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week totaled a net position of -15,484 contracts in the data through Tuesday. This was a weekly lift of 9,304 contracts from the previous week which had a total of -24,788 net contracts.


Canadian Dollar:

Canadian dollar speculators reached a net position of -38,071 contracts this week. This was a fall of -5,231 contracts from the previous week which had a total of -32,840 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures resulted in a net position of -64,863 contracts this week in the data ending Tuesday. This was a weekly lowering of -1,637 contracts from the previous week which had a total of -63,226 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing recorded a net position of -24,468 contracts this week in the latest COT data. This was a weekly decrease of -8,346 contracts from the previous week which had a total of -16,122 net contracts.


Mexican Peso:

Mexican peso speculators equaled a net position of 116,806 contracts this week. This was a weekly advance of 15,491 contracts from the previous week which had a total of 101,315 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 bullish bets rebounded after 7 down weeks

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

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators raised their bullish net positions in the WTI Crude Oil futures markets this week after a streak of several weeks lower, 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 363,087 contracts in the data reported through Tuesday June 18th. This was a weekly gain of 11,432 net contracts from the previous week which had a total of 351,655 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -12,708 contracts (to a weekly total of 502,749 contracts) but was overcome by the gross bearish position (shorts) which dropped by -24,140 contracts for the week (to a total of 139,662 contracts).

The large speculator position rose for the first time in eight weeks although the gain was the result of short covering and not a great sign of strength. Positions had fallen by a total of -195,704 contracts in the previous seven weeks before this week’s rebound.

The current speculator sentiment remains bullish but is under the +400,000 net contract level for a second 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 -362,669 contracts on the week. This was a weekly drop of -4,050 contracts from the total net of -358,619 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 $54.11 which was a boost of $0.84 from the previous close of $53.27, 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 added to their bearish bets this week

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

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators increased 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 -402,984 contracts in the data reported through Tuesday June 18th. This was a weekly change of -36,996 net contracts from the previous week which had a total of -365,988 net contracts.

The week’s net position was the result of the gross bullish position (longs) declining by -22,496 contracts (to a weekly total of 621,005 contracts) while the gross bearish position (shorts) increased by 14,500 contracts for the week (to a total of 1,023,989 contracts).

The large speculators raised their bearish bets this week following a sharp contraction by 101,714 contracts last week. Despite the strength of the 10-Year bond notes recently, speculator bets have continued to be more bearish than bullish (bearish bets have risen in five out of the last seven weeks with a net change of -115,063 contracts over that period).

Currently, the overall bearish position is back above the -400,000 net contract level which marks just the third time bets have been this bearish since November 2018.

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 340,399 contracts on the week. This was a weekly advance of 29,275 contracts from the total net of 311,124 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 $127.50 which was a rise of $0.70 from the previous close of $126.80, 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

Gold Speculators continued to push their bullish bets higher this week

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

Gold Non-Commercial Speculator Positions:

Large precious metals speculators once again boosted 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 204,323 contracts in the data reported through Tuesday June 18th. This was a weekly rise of 20,085 net contracts from the previous week which had a total of 184,238 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 24,519 contracts (to a weekly total of 274,633 contracts) while the gross bearish position (shorts) increased by 4,434 contracts for the week (to a total of 70,310 contracts).

The large speculator position has surged higher for a third straight week and by a total of 117,635 contracts over just that period. The gold speculative position was recently as low as +37,395 contracts on April 23rd before sentiment turned and has taken off. A record weekly rise on June 4th has helped push bullish bets sharply higher and the current speculator standing now sits at the best level since January 30th of 2018.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -223,855 contracts on the week. This was a weekly drop of -21,828 contracts from the total net of -202,027 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 $1350.70 which was a rise of $19.50 from the previous close of $1331.20, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

VIX Speculators pushed their bearish bets higher this week

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

VIX Non-Commercial Speculator Positions:

Large volatility speculators added to their bearish net positions in the VIX futures markets for a second straight week 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 -108,644 contracts in the data reported through Tuesday June 18th. This was a weekly change of -17,462 net contracts from the previous week which had a total of -91,182 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -3,825 contracts (to a weekly total of 80,566 contracts) while the gross bearish position (shorts) gained by 13,637 contracts for the week (to a total of 189,210 contracts).

The large speculator position had recently risen to a record high bearish position of -180,359 contracts on April 30th. However, this was followed up by a sharp retreat of positions in the next few weeks. Since the middle of May, the speculators have started rebuilding their short positions with higher bearish bets in four out of the past five weeks.

This week continues in that trend and the overall short position is now at the highest bearish level since May 7th. The spec short position also rose over the -100,000 contract level for the first time in three weeks.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 116,769 contracts on the week. This was a weekly gain of 19,849 contracts from the total net of 96,920 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 $16.62 which was a loss of $-0.50 from the previous close of $17.12, 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 further boosted their bullish bets for a 3rd week

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

Silver Non-Commercial Speculator Positions:

Large precious metals speculators raised 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 14,516 contracts in the data reported through Tuesday June 18th. This was a weekly gain of 11,856 net contracts from the previous week which had a total of 2,660 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 8,050 contracts (to a weekly total of 93,275 contracts) while the gross bearish position (shorts) dropped by -3,806 contracts for the week (to a total of 78,759 contracts).

This week marked the third straight week of gaining bullish positions and has pulled the overall net position level from -8,443 contracts on June 4th to a bullish level of 14,516 contracts this week.

Previously, the large speculator position had deteriorated from a strong bullish level in February (a peak of +58,313 contracts on Feb. 26th). Bullish bets declined throughout April and dropped into an overall short position on May 7th. The sentiment continued lower throughout May and culminated at a low of -22,409 contracts on May 28th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -34,487 contracts on the week. This was a weekly drop of -9,296 contracts from the total net of -25,191 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 $1499.30 which was a rise of $25.30 from the previous close of $1474.00, 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 reduced their bearish bets for 1st time in 9 weeks

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

Copper Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their bearish net positions in the Copper futures markets this week after a streak of rising bearish bets, 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 -23,952 contracts in the data reported through Tuesday June 18th. This was a weekly change of 6,569 net contracts from the previous week which had a total of -30,521 net contracts.

The week’s net position was the result of the gross bullish position (longs) rising by 2,856 contracts (to a weekly total of 82,255 contracts) while the gross bearish position (shorts) fell by -3,713 contracts for the week (to a total of 106,207 contracts).

The large speculators had been boosting their bearish bets for eight straight weeks (by a total of -35,833 contracts) and to the most bearish standing of the last 155 weeks before this week’s turnaround. Overall, the Copper spec position has now been in a bearish level for eight weeks and above the -20,000 contract threshold for five consecutive weeks.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 21,641 contracts on the week. This was a weekly loss of -5,465 contracts from the total net of 27,106 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 $270.30 which was a gain of $3.15 from the previous close of $267.15, 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

US Dollar Index Speculators dropped bets for 2nd week. Mexican Peso bets decline

June 15th – 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 23,989 contracts in the data reported through Tuesday June 11th. This was a weekly reduction of -2,245 contracts from the previous week which had a total of 26,234 net contracts.

This week’s net position was the result of the gross bullish position lowering by -2,463 contracts (to a weekly total of 36,885 contracts) while the gross bearish position dipped by -218 contracts for the week (to a total of 12,896 contracts).

US Dollar Index speculative positions fell for a second straight week and brought the bullish standing to the lowest level since July 17th of 2018, a span of 48 weeks. The trend for speculator positions has continued to point downward after reaching a high of 40,513 contracts on January 13th. This week marks the thirteenth straight week of net positions under the +30,000 contract threshold.


Individual Currencies Data this week:

In the other major currency contracts data, we had two substantial changes (+ or – 10,000 contracts) in the speculators category this week.

Mexican peso positions fell sharply again this week and have now decreased for four straight weeks as well as seven out of the past eight weeks. Peso bullish bets had climbed to an all-time record high position of +156,030 contracts on April 16th before starting their retreat. The net position has dropped by -46,892 contracts over the past four weeks and is now down to a net standing of +101,315 contracts. The spec position remains still very bullish but has clearly lost momentum.

Swiss franc speculators strongly pared back on their bearish bets this week by +11,277 contracts. This was the third time in the past four weeks that CHF bets have improved. The franc speculator position has been consistently in bearish territory and has remained there since August 1st of 2017 which is a span of 97 straight weeks.

Overall, the major currencies that saw improving speculator positions this week were the euro (759 weekly change in contracts), British pound sterling (2,961 contracts), Swiss franc (11,277 contracts), Canadian dollar (8,919 contracts), Australian dollar (65 contracts) and the New Zealand dollar (4,274 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-2,245 weekly change in contracts), Japanese yen (-776 contracts) and the Mexican peso (-22,914 contracts).

See the table and individual currency charts below.


Table of Large Speculator Levels & Weekly Changes:

Currency Net Speculator Position Specs Weekly Change
USD Index 23,989 -2,245
EuroFx -86,792 759
GBP -44,801 2,961
JPY -45,165 -776
CHF -24,788 11,277
CAD -32,840 8,919
AUD -63,226 65
NZD -16,122 4,274
MXN 101,315 -22,914

 

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 totaled a net position of -86,792 contracts in the data reported through Tuesday. This was a weekly gain of 759 contracts from the previous week which had a total of -87,551 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -44,801 contracts in the data reported this week. This was a weekly increase of 2,961 contracts from the previous week which had a total of -47,762 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of -45,165 contracts in this week’s data. This was a weekly reduction of -776 contracts from the previous week which had a total of -44,389 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week was a net position of -24,788 contracts in the data through Tuesday. This was a weekly boost of 11,277 contracts from the previous week which had a total of -36,065 net contracts.


Canadian Dollar:

Canadian dollar speculators reached a net position of -32,840 contracts this week. This was a increase of 8,919 contracts from the previous week which had a total of -41,759 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures recorded a net position of -63,226 contracts this week in the data ending Tuesday. This was a weekly increase of 65 contracts from the previous week which had a total of -63,291 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing was a net position of -16,122 contracts this week in the latest COT data. This was a weekly rise of 4,274 contracts from the previous week which had a total of -20,396 net contracts.


Mexican Peso:

Mexican peso speculators totaled a net position of 101,315 contracts this week. This was a weekly decrease of -22,914 contracts from the previous week which had a total of 124,229 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 further decreased their bullish bets for 7th week

June 15th – 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 351,655 contracts in the data reported through Tuesday June 11th. This was a weekly drop of -48,513 net contracts from the previous week which had a total of 400,168 net contracts.

The week’s net position was the result of the gross bullish position (longs) sinking by -23,490 contracts (to a weekly total of 515,457 contracts) while the gross bearish position (shorts) rise by 25,023 contracts for the week (to a total of 163,802 contracts).

Speculators dropped their bullish bets for a 7th week in a row and by a total of -195,704 contracts over that time-frame. This week’s decline was the largest one-week fall since August 29th of 2017 and has brought the current standing to the lowest level since March 5th when the net position totaled 348,801 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 -358,619 contracts on the week. This was a weekly advance of 52,929 contracts from the total net of -411,548 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $53.27 which was a fall of $-0.21 from the previous close of $53.48, 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 strongly cut back on their bearish bets

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

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators reduced 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 -365,988 contracts in the data reported through Tuesday June 11th. This was a weekly change of 101,714 net contracts from the previous week which had a total of -467,702 net contracts.

The week’s net position was the result of the gross bullish position (longs) gaining by 30,228 contracts (to a weekly total of 643,501 contracts) while the gross bearish position (shorts) dropped by -71,486 contracts for the week (to a total of 1,009,489 contracts).

Speculators sharply reduced their bearish bets this week by the largest one-week amount since January 8th of this year. The speculative positions had seen higher bearish sentiment in three out of the previous four weeks before this week’s turnaround.

The current net standing (-365,988 contracts) is now back below -400,000 contracts this week after rising above that threshold last week and reaching the most bearish level since November 2018.

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 311,124 contracts on the week. This was a weekly loss of -107,837 contracts from the total net of 418,961 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 $126.79 which was a shortfall of $-0.15 from the previous close of $126.95, 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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