Here is a short summary and this week’s links (below) to the latest Commitment of Traders changes.
– Speculators stopped the 3-week slide and rebooted their bullish bets for the US dollar while many of the major currencies also saw big movements on the week with Euro longs rising higher.
– WTI Crude speculative positions were virtually unchanged on the week and halted the sharp falls of the last three weeks in crude oil bets
– The 10-year note speculators continued to increase bullish positions for the fourth week out of the last five and to the highest speculative level since 2007
– Gold speculators continued to sharply reduce their bullish bets for a third week and by more than -70,000 contracts in that time frame
– Silver bets dropped for a fifth straight week and continued to fall off after a record high bullish position on April 11th
– Copper speculative bets edged a bit higher although positions are below the 10,000 contract threshold for a 2nd week
– Large S&P500 speculative bets slightly rose on the week after two down weeks
US Dollar net speculator positions leveled at $13.5 billion last week
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators raised their bullish bets for the US dollar after three weeks of declining wagers. See full article
The non-commercial contracts of WTI crude futures totaled a net position of 328,952 contracts, according to data from last week. This was a slight gain of just 201 contracts from the previous weekly total. See full article
The large speculator contracts of gold futures declined to a total net position of 126,724 contracts. This was a weekly drop of -23,282 contracts from the previous week. See full article
The large speculator contracts of 10-year treasury note futures totaled a net position of 240,010 contracts. This was a weekly gain of 10,891 contracts from the previous week. See full article
The large speculator contracts of S&P 500 futures totaled a net position of -4,571 contracts. This was a increase of 829 contracts from the reported data of the previous week. See full article
The non-commercial contracts of silver futures totaled a net position of 43,004 contracts, according to data from last week. This was a weekly fall of -10,651 contracts from the previous totals. See full article
The large speculator contracts of copper futures totaled a net position of 8,646 contracts. This was a weekly addition of 565 contracts from the data of the previous week. See full article
Article by CountingPips.com
The Commitment of Traders report data is published in raw form every Friday by the Commodity Futures Trading Commission (CFTC) and shows the futures positions of market participants as of the previous Tuesday (data is reported 3 days behind).
To learn more about this data please visit the CFTC website at http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm