Mon, Nov 30, 2020 @ 21:08 GMT
Home Action Insight Oil N' Gold Traders Reduced Bets for Higher Crude Oil Price

Traders Reduced Bets for Higher Crude Oil Price

According to the CFTC Commitments of Traders report for the week ended May 29, net LENGTH for crude oil futures fell -25 558 contracts to 607 828. Net LENGTH for heating oil futures added +2 729 contracts to 45 311 while that for gasoline dropped -4 617 contracts to 103 729. Net SHORT for natural gas decreased -639 contracts to 62 186 for the week.

Concerning the precious metal complex, speculators were bullish over gold and silver. Net LENGTH for the gold futures soared +24 173 contracted to 115 130 while that for silver gained +2 228 contracts to 17 453 for the week. For PGMs, net LENGTH for platinum rose +2 554 contracts to 4 016 while that for palladium slipped -722 contracts to 9 993.

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