Gold specs raise bullish bets for 3rd straight week

Through Tuesday, November 5, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Overlay chart showing gold COT large traders positions

table showing gold COT trader postions

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.


Silver speculators trim bullish bets for 1st time in 3 weeks

Table showing silver COT trader positions

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.


US Dollar Index speculators cut bullish bets for 5th week

Table showing US Dollar Index trader positions

US Dollar Index Speculator Positions

Large currency speculators continued to reduce 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 28,379 contracts in the data reported through Tuesday November 5th. This was a weekly lowering of -1,130 contracts from the previous week which had a total of 29,509 net contracts.

This week’s net position was the result of the gross bullish position (longs) dropping by -2,200 contracts (to a weekly total of 34,983 contracts) compared to the gross bearish position (shorts) which fell by a lesser amount of -1,070 contracts on the week (to a total of 6,604 contracts).

USD Index speculative positions fell again for a fifth straight week and have now declined by -14,649 contracts over that time-frame. The current bullish position is at the lowest level in sixteen weeks, dating back to July 16th. Despite the recent bearishness, the dollar bullish standing has now remained above the +20,000 net contract level for sixty-eight straight weeks.


*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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Posted in COT Reports |

Gold specs raise bullish bets for a 2nd week

Through Tuesday, October 29, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Table Gold COT report 10-29-2019

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.


Silver speculators advanced their bullish bets to 6-week high

Table silver COT report 10-29-2019

Silver Non-Commercial Speculator Positions:

Large precious metals speculators raised 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 53,678 contracts in the data reported through Tuesday October 29th. This was a weekly gain of 6,935 net contracts from the previous week which had a total of 46,743 net contracts.

The week’s net position was the result of the gross bullish position (longs) growing by 5,621 contracts (to a weekly total of 95,368 contracts) while the gross bearish position (shorts) declined by -1,314 contracts for the week (to a total of 41,690 contracts).

Silver speculators raised their bullish bets for the second straight week and for the third time in the past four weeks. This boost this week brings the current bullish standing to the highest level of the past six weeks. Silver positions have now been in bullish territory for twenty-one consecutive weeks after turning from bearish to bullish on 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 -68,045 contracts on the week. This was a weekly uptick of 3,978 contracts from the total net of -72,023 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 $1783.10 which was a gain of $33.10 from the previous close of $1750.00, according to unofficial market data.


US Dollar Index speculative bets dip to 10-week low

Table US dollar index report 10-29-2019

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.


*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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Posted in COT Reports |

Gold specs lift bullish bets after recent sharp declines

Through Tuesday, Octobrer 22, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Gold COT report October 22, 2019

Gold Non-Commercial Speculator Positions:

Large precious metals speculators 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 259,132 contracts in the data reported through Tuesday October 22nd. This was a weekly gain of 6,105 net contracts from the previous week which had a total of 253,027 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 3,547 contracts (to a weekly total of 322,917 contracts) while the gross bearish position (shorts) fell by -2,558 contracts for the week (to a total of 63,785 contracts).

Large precious metals speculators 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 259,132 contracts in the data reported through Tuesday October 22nd. This was a weekly gain of 6,105 net contracts from the previous week which had a total of 253,027 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 3,547 contracts (to a weekly total of 322,917 contracts) while the gross bearish position (shorts) fell by -2,558 contracts for the week (to a total of 63,785 contracts).

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -295,357 contracts on the week. This was a weekly shortfall of -7,082 contracts from the total net of -288,275 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 $1487.50 which was a boost of $4.00 from the previous close of $1483.50, according to unofficial market data.


Silver specs add to bullish bets 2nd time in 3 weeks

Silver COT report October 22, 2019

Silver Non-Commercial Speculator Positions:

Large precious metals speculators boosted 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 46,743 contracts in the data reported through Tuesday October 22nd. This was a weekly change of 2,754 net contracts from the previous week which had a total of 43,989 net contracts.

The week’s net position was the result of the gross bullish position (longs) ascending by 4,659 contracts (to a weekly total of 89,747 contracts) while the gross bearish position (shorts) rose by just 1,905 contracts for the week (to a total of 43,004 contracts).

Silver speculators raised their bullish bets for the second time in the past three weeks following a streak of four straight down weeks (September 10th through October 1st). The silver position continues to be in a fairly strong standing with the net contract level above +45,000 contracts. Overall, the silver net position has now been above the +40,000 contract level for ten straight weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -72,023 contracts on the week. This was a weekly fall of -1,536 contracts from the total net of -70,487 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 $1750.0 which was an uptick of $11.6 from the previous close of $1738.4, according to unofficial market data.


Speculators reduce US Dollar Index bets

US Dollar Index COT report October 22, 2019

US Dollar Index Speculator Positions

Large currency speculators continued to decrease their bullish net positions in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 31,210 contracts in the data reported through Tuesday October 22nd. This was a weekly decline of -6,226 contracts from the previous week which had a total of 37,436 net contracts.

This week’s net position was the result of the gross bullish position (longs) sinking by -3,455 contracts (to a weekly total of 40,833 contracts) compared to the gross bearish position (shorts) which saw a rise by 2,771 contracts on the week (to a total of 9,623 contracts).

US Dollar Index speculators reduced their bullish bets for a third straight week and by a total of -11,818 contracts over that time-frame. Previously, the dollar bets had hit a 127-week bullish high on October 1st above the +43,000 net contract level before the recent cool off. Overall, the dollar position has now been in bullish territory for seventy-six straight weeks, dating back to May of 2018.


*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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Posted in COT Reports |

Gold specs sharply drop bullish bets for 2nd time in 3 weeks

Through Tuesday, October 15, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.

Table of Gold COT Report for October 15, 2019

Gold Non-Commercial Speculator Positions:

Large precious metals speculators strongly cut back on 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 253,027 contracts in the data reported through Tuesday October 15th. This was a weekly decline of -22,536 net contracts from the previous week which had a total of 275,563 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -15,013 contracts (to a weekly total of 319,370 contracts) while the gross bearish position (shorts) increased by 7,523 contracts for the week (to a total of 66,343 contracts).

Gold speculators sharply reduced their bullish bets for the second time out of the past three weeks and have now trimmed off a total of -59,417 contracts in that time-frame. Previously, gold speculators had been steadily raising their bullish positions which culminated with a jump to a three-year high on September 24th at over +312,000 contracts. Currently, the overall bullish standing has now dipped to the lowest level since July 23rd, a span of twelve weeks.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -288,275 contracts on the week. This was a weekly boost of 22,667 contracts from the total net of -310,942 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 $1483.50 which was a decline of $-20.40 from the previous close of $1503.90, according to unofficial market data.


Silver speculators cut back bullish bets for 5th time in 6 weeks

Table of Silver COT Report for October 15, 2019

Silver Non-Commercial Speculator Positions:

Large precious metals speculators once again decreased 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 43,989 contracts in the data reported through Tuesday October 15th. This was a weekly decline of -6,765 net contracts from the previous week which had a total of 50,754 net contracts.

The week’s net position was the result of the gross bullish position (longs) tumbling by -5,004 contracts (to a weekly total of 85,088 contracts) while the gross bearish position (shorts) gained by 1,761 contracts for the week (to a total of 41,099 contracts).

Silver speculators reduced their bullish bets for the fifth time out of the past six weeks. This recent drop in sentiment follows the strong run over the summer that had seen bullish positions rise in ten out of the previous fourteen weeks. The overall bullish standing is now at the lowest level of the past nine weeks, dating back to August 13th.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -70,487 contracts on the week. This was a weekly boost of 6,419 contracts from the total net of -76,906 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 $1738.40 which was a fall of $-31.60 from the previous close of $1770.00, according to unofficial market data.


Speculators shed US Dollar Index bets for 2nd week

Table of U.S. Dollar Index COT Report for October 15, 2019

US Dollar Index Speculator Positions

Large currency speculators 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 37,436 contracts in the data reported through Tuesday October 15th. This was a weekly reduction of -2,423 contracts from the previous week which had a total of 39,859 net contracts.

This week’s net position was the result of the gross bullish position (longs) dropping by -4,689 contracts (to a weekly total of 44,288 contracts) compared to the gross bearish position (shorts) which saw a lesser decrease by -2,266 contracts on the week (to a total of 6,852 contracts).

US Dollar Index speculators dropped their bullish bets for a second straight this week following a streak of six consecutive weekly gains. The dollar positioning s now under the +40,000 net position for a second straight week after bets had ascended to a 127-week high at +43,028 net contracts on October 1st.


*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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Posted in COT Reports |

Gold specs lift bullish bets after last week’s sharp decline

Through Tuesday, October 8, 2019
Charts and commentary courtesy of CountingPips.com
Tables courtesy of GoldSeek

Note: Commitment of Traders reports are published Friday with data from the previous Tuesday.


Table showing Gold COT Report Futures

Gold Non-Commercial Speculator Positions:

Large precious metals speculators added to 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 275,563 contracts in the data reported through Tuesday October 8th. This was a weekly change of 6,570 net contracts from the previous week which had a total of 268,993 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 11,583 contracts (to a weekly total of 334,383 contracts) while the gross bearish position (shorts) rose by a lesser amount of 5,013 contracts for the week (to a total of 58,820 contracts).

Gold speculators advanced their bullish bets this week following a sharp selloff last week that decreased the bullish position by over -40,000 net contracts. The small rebound this week is the third time bets have gained in the past four weeks.

Overall, the gold position has now risen in fourteen out of the past nineteen weeks, going from a total of +86,688 contracts in late May to a total of +275,563 contracts this week.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -310,942 contracts on the week. This was a weekly decline of -7,254 contracts from the total net of -303,688 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 $1503.90 which was an increase of $14.90 from the previous close of $1489.00, according to unofficial market data.


Silver specs edge bullish bets higher after 4 down weeks

Table showing Silver COT Report Futures

Silver Non-Commercial Speculator Positions:

Large precious metals speculators slightly advanced 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 50,754 contracts in the data reported through Tuesday October 8th. This was a weekly rise of 939 net contracts from the previous week which had a total of 49,815 net contracts.

The week’s net position was the result of the gross bullish position (longs) advancing by 125 contracts (to a weekly total of 90,092 contracts) while the gross bearish position (shorts) decreased by -814 contracts for the week (to a total of 39,338 contracts).

Silver speculators edged their bets higher this week following four straight weeks of declines that had subtracted a total of -12,310 contracts from the overall position. The gain this week pushed the net position total above the +50,000 contract level after a dip below this threshold last week. The speculative silver position has now been in bullish territory for eighteen straight weeks, dating back to early June.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -76,906 contracts on the week. This was a weekly loss of -3,125 contracts from the total net of -73,781 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 $1770.00 which was an uptick of $39.80 from the previous close of $1730.20, according to unofficial market data.


Currency speculators trim US Dollar Index bullish bets

Table showing U.S. Dollar Index COT Report Futures

US Dollar Index Speculator Positions

Large currency speculators lowered their net positions in the US Dollar Index futures markets this week following a strong run, 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 39,859 contracts in the data reported through Tuesday October 8th. This was a weekly fall of -3,169 contracts from the previous week which had a total of 43,028 net contracts.

This week’s net position was the result of the gross bullish position (longs) tumbling by -3,591 contracts (to a weekly total of 48,977 contracts) compared to the gross bearish position (shorts) which saw a decrease by -422 contracts on the week (to a total of 9,118 contracts).

US Dollar Index speculators pulled back on their bullish bets for the first time in the past seven weeks. Last week, the spec positions had risen to the most bullish level (+43,028 net contracts) since April 25th of 2017, a span of 127 weeks. The dollar bullish standing has now been above the +30,000 net contract level for six straight weeks and despite the pullback this week, bullish bets have risen in twelve out of the past fifteen weeks.


*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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Posted in COT Reports |