Archive for CountingPips Forex Blog – Page 3

10-Year Note Speculators strongly added to their bearish bets for a 2nd week

November 9th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators sharply 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 -231,456 contracts in the data reported through Tuesday November 5th. This was a weekly change of -115,390 net contracts from the previous week which had a total of -116,066 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -62,945 contracts (to a weekly total of 653,270 contracts) in addition to the gross bearish position (shorts) rising by 52,445 contracts for the week (to a total of 884,726 contracts).

10-Year speculators raised their bearish bets for a second straight week and by largest one-week amount (-115,390 contracts) in over a year, dating back to September of 2018. This recent bearishness pushes the overall position to the most bearish level in eight weeks with contracts back over the -200,000 net contract standing.

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 240,121 contracts on the week. This was a weekly boost of 114,893 contracts from the total net of 125,228 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 fall of $-0.35 from the previous close of $129.28, 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 raised their bullish bets for 3rd straight week

November 9th – By CountingPips.comReceive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators once again lifted 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 279,828 contracts in the data reported through Tuesday November 5th. This was a weekly change of 3,313 net contracts from the previous week which had a total of 276,515 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 9,168 contracts (to a weekly total of 344,591 contracts) while the gross bearish position (shorts) gained by a lesser amount of 5,855 contracts for the week (to a total of 64,763 contracts).

Gold speculators slightly boosted their bullish positions this week, pushing bets higher for a third straight week and for the fourth time out of the past five weeks. The gold position remains at the higher end of its bullish range as bets have continued to be higher than at least +250,000 net contracts for sixteen straight weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -317,138 contracts on the week. This was a weekly decrease of -15,922 contracts from the total net of -301,216 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1483.70 which was a decrease of $-7.0 from the previous close of $1490.70, 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 boosted their record bearish positions even further

November 9th – By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators sharply raised their bearish net positions higher 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 -203,598 contracts in the data reported through Tuesday November 5th. This was a weekly change of -15,650 net contracts from the previous week which had a total of -187,948 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 3,932 contracts (to a weekly total of 84,775 contracts) while the gross bearish position (shorts) jumped by 19,582 contracts for the week (to a total of 288,373 contracts).

VIX speculators boosted their bearish bets for a fourth consecutive week and for the ninth time in the past ten weeks. Speculators have added a total of -64,918 contracts to the net position in just the past four weeks and by a total of -146,445 contracts in the past ten weeks. This continued bearishness has pushed bearish bets to a new record high level for a second straight week and it is the first time in history that bearish positions have been above the -200,000 net contract level.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 213,539 contracts on the week. This was a weekly advance of 13,796 contracts from the total net of 199,743 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 $15.02 which was a drop of $-0.45 from the previous close of $15.47, 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 trim bullish bets for 1st time in 3 weeks

November 9th – By CountingPips.comReceive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators lowered 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 47,997 contracts in the data reported through Tuesday November 5th. This was a weekly decline of -5,681 net contracts from the previous week which had a total of 53,678 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 1,806 contracts (to a weekly total of 97,174 contracts) but being more than offset by the gross bearish position (shorts) that rose by a greater amount of 7,487 contracts for the week (to a total of 49,177 contracts).

Silver speculators cut back on their bullish positions following two weeks of gains that had put the bullish level back over the +50,000 contract threshold. The silver position continues to remain strongly bullish with long contracts staying above the +40,000 net level for the past twelve weeks. Overall, the silver position has been in a bullish position for twenty-two consecutive weeks since June 11th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -74,982 contracts on the week. This was a weekly loss of -6,937 contracts from the total net of -68,045 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 $1756.80 which was a decline of $-26.30 from the previous close of $1783.10, 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

Copper Speculators continued to pare their bearish bets for 4th week

November 9th – By CountingPips.comReceive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators once again 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 -23,311 contracts in the data reported through Tuesday November 5th. This was a weekly change of 1,914 net contracts from the previous week which had a total of -25,225 net contracts.

The week’s net position was the result of the gross bullish position (longs) gaining by 4,838 contracts (to a weekly total of 81,652 contracts) while the gross bearish position (shorts) rose by a lesser amount of 2,924 contracts for the week (to a total of 104,963 contracts).

Copper speculators continued to reduce their bearish bets for the fourth straight week and now by a total of 24,782 contracts over these past four weeks. The current bearish position (-23,311 contracts) is now less than half of the recent record high bearish position that was recorded on September 3rd at a total of -58,841 contracts.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 20,249 contracts on the week. This was a weekly decline of -3,845 contracts from the total net of 24,094 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 $270.05 which was an uptick of $0.90 from the previous close of $269.15, 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 Speculative bets dip to 10-week low. CAD, MXN & GBP bets bounce

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

US Dollar Index Speculator Positions

Large currency speculators continued to cut back on 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 29,509 contracts in the data reported through Tuesday October 29th. This was a weekly decrease of -1,701 contracts from the previous week which had a total of 31,210 net contracts.

This week’s net position was the result of the gross bullish position (longs) tumbling by -3,650 contracts (to a weekly total of 37,183 contracts) compared to the gross bearish position (shorts) which fell by a lesser amount of -1,949 contracts on the week (to a total of 7,674 contracts).

US Dollar Index speculators dropped their bullish bets for a fourth consecutive week and pushed the overall bullish position to the lowest level in ten weeks, dating back to August 27th. Previously, the USD speculative position had risen to a 127-week high on October 1st before this recent cool off. The current level of bullish bets is just below the 2019 average position of +30,726 net contracts.


Individual Currencies Data this week:

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

Mexican peso speculators sharply boosted their bullish bets this week by over +15,000 contracts (over a 14 percent gain) following three straight weeks of lower positions. This rise pushed the current bullish standing (+128,907 contracts) for the peso to the most bullish level in 22 weeks, dating back to late May. Peso positions marked a bullish record high earlier this year with a total of +156,030 contracts on April 16th.

Canadian dollar speculators raised their bullish bets for a third consecutive week and by a total of +38,276 contracts over this three-week period. The gains puts the current bullish standing at the highest level in ninety-seven weeks, dating back to December of 2017. The CAD position has now been in bullish territory for eighteen straight weeks after flipping from bearish to bullish on July 2nd.

British pound sterling speculators sharply pared their bearish bets by over 20,000 contracts in each of the past two weeks. Overall, the GBP position has now improved for seven straight weeks dating back to September 17th and by a total of 59,818 contracts in those past seven weeks. The pound sterling, now with a hard Brexit not currently on the schedule, has improved to the least bearish level in 22 weeks, dating back to May 28th.

Overall, the major currencies that saw improving speculator positions this week were the British pound sterling (20,025 weekly change in contracts), Canadian dollar (10,196 contracts), Australian dollar (3,699 contracts) and the Mexican peso (15,957 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-1,701 weekly change in contracts), euro (-2,305 contracts), Japanese yen (-1,533 contracts), Swiss franc (-1,149 contracts) and the New Zealand dollar (-261 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 29,509 -1,701
EuroFx -53,355 -2,305
GBP -32,415 20,025
JPY -19,698 -1,533
CHF -12,484 -1,149
CAD 43,589 10,196
AUD -40,287 3,699
NZD -40,403 -261
MXN 128,907 15,957

 

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

 


Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

The Euro large speculator standing this week resulted in a net position of -53,355 contracts in the data reported through Tuesday. This was a weekly lowering of -2,305 contracts from the previous week which had a total of -51,050 net contracts.


British Pound Sterling:

The large British pound sterling speculator level recorded a net position of -32,415 contracts in the data reported this week. This was a weekly rise of 20,025 contracts from the previous week which had a total of -52,440 net contracts.


Japanese Yen:

Large Japanese yen speculators totaled a net position of -19,698 contracts in this week’s data. This was a weekly decrease of -1,533 contracts from the previous week which had a total of -18,165 net contracts.


Swiss Franc:

The Swiss franc speculator standing this week was a net position of -12,484 contracts in the data through Tuesday. This was a weekly decline of -1,149 contracts from the previous week which had a total of -11,335 net contracts.


Canadian Dollar:

Canadian dollar speculators reached a net position of 43,589 contracts this week. This was a advance of 10,196 contracts from the previous week which had a total of 33,393 net contracts.


Australian Dollar:

The large speculator positions in Australian dollar futures recorded a net position of -40,287 contracts this week in the data ending Tuesday. This was a weekly lift of 3,699 contracts from the previous week which had a total of -43,986 net contracts.


New Zealand Dollar:

The New Zealand dollar speculative standing equaled a net position of -40,403 contracts this week in the latest COT data. This was a weekly reduction of -261 contracts from the previous week which had a total of -40,142 net contracts.


Mexican Peso:

Mexican peso speculators resulted in a net position of 128,907 contracts this week. This was a weekly gain of 15,957 contracts from the previous week which had a total of 112,950 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 bullish bets for 3rd straight week

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

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators lifted their bullish net positions in the WTI Crude Oil 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 383,347 contracts in the data reported through Tuesday October 29th. This was a weekly increase of 17,175 net contracts from the previous week which had a total of 366,172 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 3,291 contracts (to a weekly total of 552,242 contracts) while the gross bearish position (shorts) dropped by -13,884 contracts for the week (to a total of 168,895 contracts).

WTI crude oil speculators raised their bullish positions for a third consecutive week and have now added +28,262 contracts to the overall bullish position in the past three weeks. The current bullish level, despite these recent gains, remains below the +400,000 contract level for a fifth straight week and continues to be under this year’s average position of +398,468 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 -384,177 contracts on the week. This was a weekly loss of -17,207 contracts from the total net of -366,970 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 $55.54 which was a rise of $1.06 from the previous close of $54.48, 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 raised their bearish bets for 1st time in 8 weeks

November 2nd – 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 -116,066 contracts in the data reported through Tuesday October 29th. This was a weekly change of -31,713 net contracts from the previous week which had a total of -84,353 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 51,897 contracts (to a weekly total of 716,215 contracts) while the gross bearish position (shorts) jumped by a greater amount of 83,610 contracts for the week (to a total of 832,281 contracts).

10-year note speculators raised their bearish bets following seven straight weeks of declining bearish positions. The previous declines had brought the overall position to the least bearish level in ninety-four weeks, dating back to January 2nd of 2018. This week’s reboot of bearish bets pushed the net position back above the -100,000 contract level for the first time since October 8th.

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 125,228 contracts on the week. This was a weekly rise of 62,216 contracts from the total net of 63,012 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 $129.28 which was a shortfall of $-0.54 from the previous close of $129.82, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

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

Article By CountingPips.comReceive our weekly COT Reports by Email

Gold speculators raised their bullish bets for a 2nd week

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

Gold Non-Commercial Speculator Positions:

Large precious metals speculators 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 276,515 contracts in the data reported through Tuesday October 29th. This was a weekly rise of 17,383 net contracts from the previous week which had a total of 259,132 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 12,506 contracts (to a weekly total of 335,423 contracts) while the gross bearish position (shorts) fell by -4,877 contracts for the week (to a total of 58,908 contracts).

Gold speculators added to their bullish bets for a second straight week and for the third time in four weeks. The gold position has remained steady above the +250,000 net contract level for fifteen straight weeks with a recent high of +312,444 contracts on September 24th and a recent low of +253,027 contracts on October 15th.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -301,216 contracts on the week. This was a weekly decline of -5,859 contracts from the total net of -295,357 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 $1490.70 which was a boost of $3.20 from the previous close of $1487.50, 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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VIX Speculators pushed their bearish bets to new record high

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

VIX Non-Commercial Speculator Positions:

Large volatility speculators sharply raised their bearish net positions in the VIX futures markets 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 VIX futures, traded by large speculators and hedge funds, totaled a net position of -187,948 contracts in the data reported through Tuesday October 29th. This was a weekly change of -16,712 net contracts from the previous week which had a total of -171,236 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -4,495 contracts (to a weekly total of 80,843 contracts) while the gross bearish position (shorts) saw a gain of 12,217 contracts for the week (to a total of 268,791 contracts).

VIX speculators continued to raise their bearish positions for the ninth consecutive week and have now added a total of -130,795 contracts to their bearish position over that nine-week period. This brings the current bearish standing to a total of -187,948 contracts which surpasses the previous record high bearish level of -180,359 contracts that was reached on April 30th.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 199,743 contracts on the week. This was a weekly advance of 18,082 contracts from the total net of 181,661 contracts reported the previous week.

This week’s total also marks a record high position for the commercials but on the bullish side of the ledger. The previous record high was +183,724 contracts on April 30th.

VIX Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX Futures (Front Month) closed at approximately $15.47 which was a decrease of $-1.00 from the previous close of $16.47, 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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