Archive for CountingPips Forex Blog – Page 2

Gold Speculators lifted their bullish bets to highest in 10 weeks

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

Gold Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 290,705 contracts in the data reported through Tuesday December 3rd. This was a weekly gain of 19,071 net contracts from the previous week which had a total of 271,634 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 21,239 contracts (to a weekly total of 346,525 contracts) while the gross bearish position (shorts) rose by just 2,168 contracts for the week (to a total of 55,820 contracts).

Gold speculators boosted their bets to the highest level in ten weeks this week. The current bullish level is now at the highest standing standing since September 24th when the net position totaled +312,444 contracts. Overall, speculative positions have gained in six out of the past nine weeks to maintain an overall strong bullish level.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -322,787 contracts on the week. This was a weekly decrease of -17,320 contracts from the total net of -305,467 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 $1484.40 which was an uptick of $17.00 from the previous close of $1467.40, 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 cut bearish bets for a 2nd week after record high

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

VIX Non-Commercial Speculator Positions:

Large volatility speculators dropped 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 -199,312 contracts in the data reported through Tuesday December 3rd. This was a weekly change of 11,387 net contracts from the previous week which had a total of -210,699 net contracts.

The week’s net position was the result of the gross bullish position (longs) sliding by -4,902 contracts (to a weekly total of 75,209 contracts) while the gross bearish position (shorts) fell by a larger amount of -16,289 contracts for the week (to a total of 274,521 contracts).

VIX speculators decreased their bearish positions for two straight weeks and by a total of 19,050 contracts over that period. Previously, speculative positions had risen to an all-time record high bearish level for four consecutive weeks with the latest bearish top coming in at a total of -218,362 contracts on November 19th. This week’s total standing of -199,312 contracts marks the first time contracts have been under -200,000 since late October.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 208,807 contracts on the week. This was a weekly shortfall of -12,052 contracts from the total net of 220,859 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 $16.22 which was a rise of $2.35 from the previous close of $13.87, 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 1st time in 3 weeks

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

Silver Non-Commercial Speculator Positions:

Large precious metals speculators slightly pulled 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 50,227 contracts in the data reported through Tuesday December 3rd. This was a weekly dip of -2,283 net contracts from the previous week which had a total of 52,510 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -1,654 contracts (to a weekly total of 89,241 contracts) while the gross bearish position (shorts) rose by 629 contracts for the week (to a total of 39,014 contracts).

Silver speculators decreased their bullish bets this week following gains in the previous two straight weeks. Despite this week’s decline, the overall standing remains very bullish and above the +50,000 net contract level for a second consecutive week. This is first time silver bets have been higher than +50,000 net contracts for two straight weeks since September 17th and 24th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -74,299 contracts on the week. This was a weekly drop of -426 contracts from the total net of -73,873 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 $1724.80 which was a rise of $6.00 from the previous close of $1718.80, 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 slightly reduced their bearish bets this week

December 7th – 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 for the first time in four weeks, 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 -37,707 contracts in the data reported through Tuesday December 3rd. This was a weekly change of 855 net contracts from the previous week which had a total of -38,562 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 3,059 contracts (to a weekly total of 64,225 contracts) while the gross bearish position (shorts) rose by a lesser amount of 2,204 contracts for the week (to a total of 101,932 contracts).

Copper speculators trimmed their bearish bets after having added to bearish positions in the previous three weeks (by a total of -15,251 contracts). The copper speculative standing continues to remain very bearish overall and is above the -35,000 net contract level for a third consecutive week.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 35,628 contracts on the week. This was a weekly drop of -1,010 contracts from the total net of 36,638 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 $262.30 which was a fall of $-7.45 from the previous close of $269.75, 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).

Article By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Speculators sharply boosted their bullish bets last week, higher for 7th week

December 2nd – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators sharply advanced their bullish net positions in the WTI Crude Oil futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday (delayed due to Thanksgiving holiday).

The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 470,936 contracts in the data reported through Tuesday November 26th. This was a weekly gain of 40,961 net contracts from the previous week which had a total of 429,975 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 12,317 contracts (to a weekly total of 553,737 contracts) while the gross bearish position (shorts) dropped by -28,644 contracts for the week (to a total of 82,801 contracts).

Crude oil speculators continued to raise their bullish positions for a seventh straight week and now by a total of +115,851 contracts over that time-frame. The boost in bets last week brings the overall position to the most bullish level in twenty-seven 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 -474,776 contracts on the week. This was a weekly shortfall of -33,632 contracts from the total net of -441,144 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 $58.41 which was an advance of $3.06 from the previous close of $55.35, 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 trimmed their bearish bets last week

December 2nd – 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 last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday (delayed due to Thanksgiving holiday).

The non-commercial futures contracts of 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -145,745 contracts in the data reported through Tuesday November 26th. This was a weekly change of 37,779 net contracts from the previous week which had a total of -183,524 net contracts.

The week’s net position was the result of the gross bullish position (longs) gaining by 30,587 contracts (to a weekly total of 708,296 contracts) while the gross bearish position (shorts) fell by -7,192 contracts for the week (to a total of 854,041 contracts).

Ten-year speculators cut back on their bearish bets for the second time in the past three weeks and for the ninth time out of the past twelve weeks. The overall net position has now been under the -200,000 contract level for ten straight weeks, dating back to September 24th.

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 125,305 contracts on the week. This was a weekly fall of -57,333 contracts from the total net of 182,638 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 $129.75 which was an advance of $0.28 from the previous close of $129.46, 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 bets last week

December 2nd – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators lowered their bullish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday (delayed due to Thanksgiving holiday).

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 271,634 contracts in the data reported through Tuesday November 26th. This was a weekly change of -14,225 net contracts from the previous week which had a total of 285,859 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -12,010 contracts (to a weekly total of 325,286 contracts) while the gross bearish position (shorts) rose by 2,215 contracts for the week (to a total of 53,652 contracts).

Gold speculators had increased their bullish positions in four out of the previous five weeks before last week’s decline. The overall bullish position remains strong and above the +250,000 net contract level for a nineteenth straight week.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -305,467 contracts on the week. This was a weekly rise of 13,628 contracts from the total net of -319,095 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 $1467.40 which was a decrease of $-6.90 from the previous close of $1474.30, 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

Speculators reduced US Dollar Index bets for 8th straight week. AUD & Euro bets rise

December 2nd – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators continued to decrease their bullish net positions in the US Dollar Index futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday (delayed due to Thanksgiving holiday).

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 24,138 contracts in the data reported through Tuesday November 26th. This was a weekly decline of -487 contracts from the previous week which had a total of 24,625 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -2,276 contracts (to a weekly total of 29,233 contracts) compared to the gross bearish position (shorts) which saw a fall by -1,789 contracts on the week (to a total of 5,095 contracts).

US Dollar Index speculators have now cut back on their bullish positions for an eighth consecutive week and by a total of -18,890 contracts over that time-frame.The current spec bullish level is now at the lowest level in the past twenty-one weeks, dating back to early July.


Individual Currencies Data this week:

In the overall major currency contracts data, the major currencies that saw improving speculator positions last week were just the euro (1,087 weekly change in contracts) and the Australian dollar (1,885 contracts).

The currencies whose speculative bets declined last week were the US dollar index (-487 weekly change in contracts), British pound sterling (-4,673 contracts), Japanese yen (-4,560 contracts), Swiss franc (-4,783 contracts), Canadian dollar (-8,521 contracts), New Zealand dollar (-727 contracts) and the Mexican peso (-4,172 contracts).


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 24,138 -487
EuroFx -61,416 1,087
GBP -36,576 -4,673
JPY -39,591 -4,560
CHF -20,975 -4,783
CAD 20,344 -8,521
AUD -45,355 1,885
NZD -35,826 -727
MXN 135,649 -4,172

 

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 -61,416 contracts in the data reported through Tuesday. This was a weekly increase of 1,087 contracts from the previous week which had a total of -62,503 net contracts.


British Pound Sterling:

The large British pound sterling speculator level totaled a net position of -36,576 contracts in the data reported this week. This was a weekly decrease of -4,673 contracts from the previous week which had a total of -31,903 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of -39,591 contracts in this week’s data. This was a weekly lowering of -4,560 contracts from the previous week which had a total of -35,031 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week reached a net position of -20,975 contracts in the data through Tuesday. This was a weekly fall of -4,783 contracts from the previous week which had a total of -16,192 net contracts.


Canadian Dollar:

Canadian dollar speculators reached a net position of 20,344 contracts this week. This was a decrease of -8,521 contracts from the previous week which had a total of 28,865 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures reached a net position of -45,355 contracts this week in the data ending Tuesday. This was a weekly increase of 1,885 contracts from the previous week which had a total of -47,240 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing equaled a net position of -35,826 contracts this week in the latest COT data. This was a weekly lowering of -727 contracts from the previous week which had a total of -35,099 net contracts.


Mexican Peso:

Mexican peso speculators totaled a net position of 135,649 contracts this week. This was a weekly reduction of -4,172 contracts from the previous week which had a total of 139,821 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).

US Dollar Index Speculators cut bullish bets for 7th straight week, drop CAD bets

November 23rd – By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators once again 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 24,625 contracts in the data reported through Tuesday November 19th. This was a weekly fall of -3,159 contracts from the previous week which had a total of 27,784 net contracts.

The week’s net position was the result of the gross bullish position (longs) lowering by -2,408 contracts (to a weekly total of 31,509 contracts) compared to the gross bearish position (shorts) which saw a gain by 751 contracts on the week (to a total of 6,884 contracts).

US Dollar Index speculators cut back on their bullish bets for a seventh straight week and have now trimmed the net position by a total of -18,403 contracts over the past seven weeks. These recent declines have brought the overall net position to the lowest bullish level in twenty-three weeks.


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.

Canadian dollar speculators sharply cut back on their bullish positions by over -13,000 contracts this week. This is the second straight week bets have fallen by more than -10,000 contracts after bets had gained strongly in the previous three weeks. The CAD position continues to be in bullish territory for the twenty-first straight week but is now at the lowest level in the past five weeks with a total net position of +28,865 contracts.

Overall, the only major currency that saw improving speculator positions this week was the New Zealand dollar with a total of 1,136 contracts.

The currencies whose speculative bets declined this week were the US dollar index (-3,159 weekly change in contracts), euro (-4,834 contracts), British pound sterling (-3,770 contracts), Japanese yen (-34 contracts), Swiss franc (-1,072 contracts), Canadian dollar (-13,508 contracts), Australian dollar (-6,431 contracts) and the Mexican peso (-2,216 contracts).


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 24,625 -3,159
EuroFx -62,503 -4,834
GBP -31,903 -3,770
JPY -35,031 -34
CHF -16,192 -1,072
CAD 28,865 -13,508
AUD -47,240 -6,431
NZD -35,099 1,136
MXN 139,821 -2,216

 

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 recorded a net position of -62,503 contracts in the data reported through Tuesday. This was a weekly decline of -4,834 contracts from the previous week which had a total of -57,669 net contracts.


British Pound Sterling:

The large British pound sterling speculator level equaled a net position of -31,903 contracts in the data reported this week. This was a weekly lowering of -3,770 contracts from the previous week which had a total of -28,133 net contracts.


Japanese Yen:

Large Japanese yen speculators was a net position of -35,031 contracts in this week’s data. This was a weekly decrease of -34 contracts from the previous week which had a total of -34,997 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week recorded a net position of -16,192 contracts in the data through Tuesday. This was a weekly lowering of -1,072 contracts from the previous week which had a total of -15,120 net contracts.


Canadian Dollar:

Canadian dollar speculators was a net position of 28,865 contracts this week. This was a decrease of -13,508 contracts from the previous week which had a total of 42,373 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures equaled a net position of -47,240 contracts this week in the data ending Tuesday. This was a weekly lowering of -6,431 contracts from the previous week which had a total of -40,809 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing reached a net position of -35,099 contracts this week in the latest COT data. This was a weekly advance of 1,136 contracts from the previous week which had a total of -36,235 net contracts.


Mexican Peso:

Mexican peso speculators recorded a net position of 139,821 contracts this week. This was a weekly reduction of -2,216 contracts from the previous week which had a total of 142,037 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 raised bullish bets for 6th consecutive week

November 23rd – By CountingPips.comReceive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators continued to advance 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 429,975 contracts in the data reported through Tuesday November 19th. This was a weekly gain of 5,378 net contracts from the previous week which had a total of 424,597 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 2,338 contracts (to a weekly total of 541,420 contracts) while the gross bearish position (shorts) declined by -3,040 contracts for the week (to a total of 111,445 contracts).

Crude oil speculators have now added to their bullish bets for a sixth straight week and by a total of +74,890 contracts over that period. The current standing of bullish positions is at the highest level (+429,975 contracts) in the past twenty-five weeks and above 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 -441,144 contracts on the week. This was a weekly drop of -16,393 contracts from the total net of -424,751 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $55.35 which was a shortfall of $-1.45 from the previous close of $56.80, 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