Copper got a lift by 0.85 percent – June 01 2018

Copper End of Day: June 01 2018

The Copper Futures (Front Month) finished the North American session today with a rise of 0.85 percent and closed the day around the 309.1 price level, according to unofficial data at the New York close. The Copper Futures opened at 306.2 with the high of the day being 309.9 and the low of the day at 305.6.

The Copper RSI level is Bullish:

The Relative Strength Index, an indicator that can indicate overbought (above 80) and oversold levels (below 20), shows that the current RSI score is at 51.5 for a Bullish reading on the daily time-frame.

Copper Trends:

The Copper Futures (Front Month) has advanced by 0.90 percent over the past 10 days while seeing a slide of -1.40 over the past 30 days. The 90-day change is -4.26 while the 180-day return and the 365-day return are 4.51 and 24.84, respectively.

By investmacro.com

USDJPY Forex Trading Pivot Point Levels for 2014.05.22

2014.05.22 12:30 6:30AM ET | USDJPY Currency Pair

SC USDJPY 2014.05.22

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading well over the daily pivot point at the 101.602 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 101.751 while the low of day has been reached at 101.349. The pair earlier today opened the Asian trading session above the daily pivot and has trended higher up to the R1 resistance level where selling pressure was found today.

Daily Pivot Point: 101.261
— S1 – 100.910
— S2 – 100.459
— S3 – 100.108
— R1 – 101.712
— R2 – 102.063
— R3 – 102.514


Weekly Pivot Points: USDJPY

SC USDJPY 2014.05.22

Prices are currently trading slightly under the weekly pivot point at time of writing. The USDJPY is showing an overall sideways result for the week so far with dips below 101.00 and tops around the 101.70 weekly pivot area.

Weekly Pivot Point: 101.702
— S1 – 101.048
— S2 – 100.649
— S3 – 99.995
— R1 – 102.101
— R2 – 102.755
— R3 – 103.154

 


By CountingPips.comForex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

 

 

 

USDCHF Forex Trading Pivot Point Levels for 2014.05.22

2014.05.22 12:30 6:30AM ET | USDCHF Currency Pair

SC USDCHF 2014.05.22

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading below the daily pivot point at the 0.89266 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89503 while the low of day has reached to 0.89246. The pair earlier today opened the Asian trading session slightly above the daily pivot and initially trended higher before declining to under the daily pivot .

Daily Pivot Point: 0.89306
— S1 – 0.88963
— S2 – 0.88621
— S3 – 0.88278
— R1 – 0.89648
— R2 – 0.89991
— R3 – 0.90333


Weekly Pivot Points: USDCHF

SC USDCHF 2014.05.22

Prices are currently trading over the weekly pivot point at time of writing. The USDCHF has been on an overall weak bullish trend this week after opening the trading week a bit over the weekly pivot.

Weekly Pivot Point: 0.89137
— S1 – 0.88683
— S2 – 0.88121
— S3 – 0.87667
— R1 – 0.89699
— R2 – 0.90153
— R3 – 0.90715


By CountingPips.comForex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

 

 

 

GBPUSD Forex Trading Pivot Point Levels: Cable declines under 1.6900

2014.05.22 12:30 6:30AM ET | GBPUSD Currency Pair

SC GBPUSD 2014.05.22

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading at the 1.68762 price level and under the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.69162 while the low of day has reached to 1.68610. The pair earlier today opened the Asian trading session above the daily pivot and has trended steadily lower into the North American session.

Daily Pivot Point: 1.68829
— S1 – 1.68454
— S2 – 1.67928
— S3 – 1.67553
— R1 – 1.69355
— R2 – 1.69730
— R3 – 1.70256


Weekly Pivot Points: GBPUSD

SC GBPUSD 2014.05.22

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week very close at the weekly pivot while the pair has hit resistance at the R1 resistance area.

Weekly Pivot Point: 1.68158
— S1 – 1.67295
— S2 – 1.66441
— S3 – 1.65578
— R1 – 1.69012
— R2 – 1.69875
— R3 – 1.70729


By CountingPips.comForex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

 

 

 

 

Currency Speculators turned bullish on US Dollar bets, Euro drops to the bearish side

By CountingPips.com

cot-values

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators turned around their bets to become bullish on the US dollar last week. The previous four weeks had seen speculators and traders on the bearish side.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $4.51 billion as of Tuesday May 13th, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of +$6.54 billion from the -$2.03 billion total short position that was registered on May 6th, according to Reuters that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

The US dollar aggregate bullish position is the highest USD level since March 11th when total bullish contracts equaled +$10.56 billion. The bullish gain of $6.54 billion was the largest weekly increase since November 12th 2013 when positions jumped by $7.44 billion for the week.

Overall for the week against the other major currencies, speculators bet in favor the Canadian dollar, Australian dollar and the Mexican peso last week while there were weekly declines for the euro, British pound sterling, Japanese yen, Swiss franc and the New Zealand dollar.

 

cot-standings

Notable changes:

  • Euro positions fell sharply over to the bearish side for the first time since February 2nd as the European Central Bank suggested they were open to easing monetary policy in June
  • British pound sterling positions fell for a 4th straight week after reaching a multi-year high on April 15th
  • Japanese Yen net positions added bearish positions after touching the lowest bearish level since October 15, 2013 the previous week
  • Swiss franc bullish positions declined by roughly half last week to +6,806 contracts
  • Australian dollar net positions rose to their best level since April 30th 2013 after turning bullish on April 8th
  • Canadian dollar positions, still bearish at -26,037 contracts, stood at the least bearish position since November 2013

 

* 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. Please see charts and data below.




Weekly Charts: Large Speculators Weekly Positions vs Currency Spot Price

EuroFX:

eurofx

Last Six Weeks data for EuroFX futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 261439 92635 69335 23300 -9938
04/15/2014 270722 106252 78564 27688 4388
04/22/2014 266259 101204 75430 25774 -1914
04/29/2014 271515 102285 76551 25734 -40
05/06/2014 277013 110673 78122 32551 6817
05/13/2014 268142 84383 86558 -2175 -34726



British Pound Sterling:

gbp

Last Six Weeks data for Pound Sterling futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 226667 91642 45165 46477 12905
04/15/2014 226688 87472 36874 50598 4121
04/22/2014 237055 89692 41892 47800 -2798
04/29/2014 236030 85913 41679 44234 -3566
05/06/2014 241264 83794 43148 40646 -3588
05/13/2014 230333 71168 39413 31755 -8891



Japanese Yen:

jpy

Last Six Weeks data for Yen Futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 181814 13340 100802 -87462 1176
04/15/2014 164843 14351 83067 -68716 18746
04/22/2014 165674 16564 83807 -67243 1473
04/29/2014 168820 13846 84198 -70352 -3109
05/06/2014 167093 20381 81109 -60728 9624
05/13/2014 164707 17471 82178 -64707 -3979



Swiss Franc:

chf

Last Six Weeks data for Franc futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 44752 19275 7940 11335 -2896
04/15/2014 48976 23905 9839 14066 2731
04/22/2014 46888 21732 7709 14023 -43
04/29/2014 47424 21960 8257 13703 -320
05/06/2014 55538 25102 11918 13184 -519
05/13/2014 45282 16951 10145 6806 -6378



Canadian Dollar:

cad

Last Six Weeks data for Canadian dollar futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 120336 28704 63011 -34307 2687
04/15/2014 119525 28288 63714 -35426 -1119
04/22/2014 118707 27529 62984 -35455 -29
04/29/2014 123589 30093 60388 -30295 5160
05/06/2014 122287 28044 59644 -31600 -1305
05/13/2014 121632 26986 53023 -26037 5563



Australian Dollar:

aud

Last Six Weeks data for Australian dollar futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 96887 37630 34320 3310 8190
04/15/2014 98933 40463 32366 8097 4787
04/22/2014 107696 49540 33170 16370 8273
04/29/2014 109934 50019 39313 10706 -5664
05/06/2014 104936 44805 36168 8637 -2069
05/13/2014 107302 50147 33020 17127 8490



New Zealand Dollar:

nzd

Last Six Weeks data for New Zealand dollar futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 32898 26521 6755 19766 1286
04/15/2014 33100 26671 6824 19847 81
04/22/2014 32579 26056 5881 20175 328
04/29/2014 29858 22979 4499 18480 -1695
05/06/2014 33025 25027 4334 20693 2213
05/13/2014 30932 23806 4466 19340 -1353



Mexican Peso:

mxn

Last Six Weeks data for Mexican Peso futures

Date Open Interest Long Specs Short Specs Large Specs Net Weekly Change
04/08/2014 130331 70371 13870 56501 34717
04/15/2014 131412 71038 16801 54237 -2264
04/22/2014 128932 68329 14818 53511 -726
04/29/2014 128100 68073 18455 49618 -3893
05/06/2014 146455 67663 19779 47884 -1734
05/13/2014 149209 86137 17515 68622 20738



*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).

The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).

Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.

(The graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)

See more information and explanation on the weekly COT report from the CFTC website.




Article by CountingPips.comForex Apps & News

VIX Futures Speculators raised bearish positions to highest since September in COT data

By CountingPips.com

Weekly CFTC Net Speculator VIX Report




vix


VIX Futures Contracts: Large traders and speculators added to their overall bearish bets in the VIX futures market last week for a third straight week and to the highest level since September, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Friday.

The VIX non-commercial futures contracts, comprising of large speculator and hedge fund positions, totaled a net bearish position of -82,686 contracts in the data reported for May 13th. This was a change of -19,220 contracts from the previous week’s total of -63,466 net contracts that was registered on May 6th.

The third straight weekly increase in bearish positions brings overall net contracts to the highest bearish level since September 17th 2013 when net positions stood at a level of -91,017 contracts.

Meanwhile, the VIX index over the same reporting time-frame last week edged lower from a 13.80 reading on Tuesday May 6th to a 12.13 reading on Tuesday May 13th, according to the Chicago Board Options Exchange (CBOE) Volatility Index.

 

Last 6 Weeks of Large Trader Positions

Date Open Interest Long Specs Short Specs Net Non-Commercials Weekly Change VIX Score
04/08/2014 359952 105096 136842 -31746 -1173 14.89
04/15/2014 368887 96296 132242 -35946 -4200 15.61
04/22/2014 362130 106598 140655 -34057 1889 13.19
04/29/2014 365215 110843 156329 -45486 -11429 13.71
05/06/2014 391848 104252 167718 -63466 -17980 13.80
05/13/2014 419669 111532 194218 -82686 -19220 12.13

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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.comForex Apps & Analysis

 

 

 

US 10-Year Treasury Note Speculators sharply decreased their bearish positions

By CountingPips.com

Weekly CFTC Net Speculator Report




10yr

Large Speculators net bearish positions rise to a total of -129,409 contracts

10 Year Treasuries: Large futures market traders and speculators reduced their overall bearish bets in the 10-year treasury note futures last week to the lowest level in six 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 the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -82,180 contracts in the data reported for May 13th. This was a change of +47,229 contracts from the previous week’s total of -129,409 net contracts that was recorded on May 6th.

The 10-Year Note non-commercial net bearish positions are now at their lowest level since April 1st when total net positions equaled -68,776 contracts.

Over the weekly reporting time-frame, from Tuesday May 6th to Tuesday May 13th, the yield on the 10-Year treasury note showed no change at the 2.61 level, according to data from the United States Treasury Department.

 

Last 6 Weeks of Large Trader Non-Commercial Positions

Date Open Interest Long Specs Short Specs Net Large Specs Weekly Change 10 Year Yield
04/08/2014 2572114 327159 482333 -155174 -86398 2.69
04/15/2014 2497347 344056 506334 -162278 -7104 2.64
04/22/2014 2493544 349474 495339 -145865 16413 2.73
04/29/2014 2528687 332918 447343 -114425 31440 2.71
05/06/2014 2618485 340698 470107 -129409 -14984 2.61
05/13/2014 2735107 421083 503263 -82180 47229 2.61



*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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.comForex Trading Apps

 

 

 

Crude Oil Speculators added to net bullish positions last week

By CountingPips.com

Weekly CFTC Net Speculator Crude Oil Report

crudeoil

CRUDE OIL: Large futures market traders and speculators raised their overall bullish bets in crude oil futures last week after declines the previous two weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial contracts of crude oil futures, primarily traded by large speculators and hedge funds, rose to a total net position of +387,739 contracts in the data reported for May 13th. This was a change of +4,646 contracts from the previous week’s total of +383,093 net contracts for the data reported through May 6th.

Last week’s modest increase brings non-commercial net positions back from the lowest level since February 11th when net positions totaled +382,334 contracts.

Over the same weekly reporting time-frame, from Tuesday May 6th to Tuesday May 13th, the crude oil price gained from $99.81 to $101.86 per barrel, according to Nymex futures price data from investing.com. Brent crude prices, meanwhile, also showed a rise from $107.12 to $108.67 per barrel from Tuesday May 6th to Tuesday May 13th, according to prices from investing.com.

Last 6 Weeks of Large Trader Non-Commercial Positions

Date Open Interest Long Specs Short Specs Net Non-Commercials Weekly Change Oil Price
04/08/2014 1655472 512035 112248 399787 8004 102.33
04/15/2014 1674276 523490 113939 409551 9764 103.78
04/22/2014 1619737 517023 106898 410125 574 101.92
04/29/2014 1651521 522018 119691 402327 -7798 100.58
05/06/2014 1638412 492901 109808 383093 -19234 99.81
05/13/2014 1627403 495080 107341 387739 4646 101.86

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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.comForex Trading News

 

 

 

Gold Speculators trim bullish bets following 3 weeks of rises

By CountingPips.com

Weekly CFTC Net Speculator Gold Report

gold

GOLD: Futures market traders and large speculators decreased their net bullish bets in the gold futures market last week after traders had raised their bullish positions for the previous three 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +91,634 contracts in the data reported through May 13th. This was a change of -6,322 contracts from the previous week’s total of +97,956 net contracts that was registered on May 6th.

The gold non-commercial net positions stood at the highest level since April 1st before last week’s decrease.

Over the weekly reporting time-frame, from Tuesday May 6th to Tuesday May 13th, the gold price declined from $1,307.60 to $1,295.20 per ounce, according to gold futures price data from investing.com.

 

Last 6 Weeks of Large Trader Non-Commercial Positions

Date Open Interest Long Specs Short Specs Net Non-Commercials Weekly Change Gold Price
04/08/2014 365400 149693 61094 88599 -11546 1310.10
04/15/2014 369577 147432 68140 79292 -9307 1302.90
04/22/2014 372593 146880 65047 81833 2541 1284.90
04/29/2014 378092 147769 62542 85227 3394 1296.20
05/06/2014 404700 160982 63026 97956 12729 1307.60
05/13/2014 397029 157176 65542 91634 -6322 1295.20

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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.comForex Trading Apps

 

 

 

 

 

EURUSD Forex Trading Pivot Point Levels: Euro drops under 1.3700

2014.05.15 12:30 6:30AM ET | EURUSD Currency Pair

SC EURUSD 2014.05.15

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.36714 price level and under the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37227 while the low of day has fallen to 1.36588. The pair earlier today opened the Asian trading session virtually on top of the daily pivot and has trended sharply lower today with prices declining to the S1 support level.

Daily Pivot Point: 1.37137
— S1 – 1.36972
— S2 – 1.36810
— S3 – 1.36645
— R1 – 1.37299
— R2 – 1.37464
— R3 – 1.37626


Weekly Pivot Points: EURUSD

SC EURUSD 2014.05.15

Prices are currently trading sharply under the weekly pivot point and right near the S1 support level at time of writing. The EURUSD has been on an overall bearish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.38313
— S1 – 1.36695
— S2 – 1.35829
— S3 – 1.34211
— R1 – 1.39179
— R2 – 1.40797
— R3 – 1.41663


By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.