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S&P500 Mini Speculators sharply reduced their positions this week

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S&P500 Mini Non-Commercial Speculator Positions:

Large stock market speculators sharply lowered their bullish net positions in the S&P500 Mini 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 S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 179,000 contracts in the data reported through Tuesday February 13th. This was a weekly fall of -107,214 contracts from the previous week which had a total of 286,214 net contracts.

The speculative decline earlier this week stopped a streak of four weekly gains in a row that had brought the bullish level to the highest point since March 10th of 2009 when the net positions totaled +333,271 contracts. The data takes into account positions through Tuesday and do not reflect changes after that day.

S&P500 Mini Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -281,323 contracts on the week. This was a weekly fall of -27,378 contracts from the total net of -253,945 contracts reported the previous week.

SPY ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P500 Index, closed at approximately $266.0 which was a decrease of $-3.13 from the previous close of $269.13, 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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Silver Speculators cut their bullish net positions to lowest in 7 weeks

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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 8,711 contracts in the data reported through Tuesday February 13th. This was a weekly reduction of -7,829 contracts from the previous week which had a total of 16,540 net contracts.

The speculative position declined for a second straight week and for fourth time out of the past five weeks. The overall level is now below the +10,000 net contract level for the first time in seven weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -21,948 contracts on the week. This was a weekly advance of 8,693 contracts from the total net of -30,641 contracts reported the previous week.

SLV ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SLV ishares ETF, which tracks the price of silver, closed at approximately $15.62 which was a drop of $-0.03 from the previous close of $15.65, 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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Copper Speculators dropped their bullish net positions for 2nd week

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Copper Non-Commercial Speculator Positions:

Large metals speculators decreased their bullish 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 44,748 contracts in the data reported through Tuesday February 13th. This was a weekly decline of -8,207 contracts from the previous week which had a total of 52,955 net contracts.

Speculative bets fell for a second week and have now fallen for five out of the past six weeks after reaching a recent high point on January 2nd with a total of +63,912 net contracts.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -48,868 contracts on the week. This was a weekly increase of 9,654 contracts from the total net of -58,522 contracts reported the previous week.

JJC ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the JJC iPath Bloomber Copper ETN, which tracks the price of copper, closed at approximately $35.95 which was a decrease of $-0.56 from the previous close of $36.51, 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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