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CFTC Commitments of Traders – Traders Trimmed on Higher Precious Metal Price Fell as Risk Appetite Improved

According to the CFTC Commitments of Traders report for the week ended October 15, NET LENGTH for crude oil futures gained +1 799 contracts to 356 884 for the week. Speculative long positions jumped +16 123 contracts while shorts rose 14 324 contracts. For refined oil products, NET LENGTH for gasoline gained +6 566 contracts to 58 789, while NET SHORT for heating oil decreased -6 589 contracts to 9 516 for the week. NET SHORT for natural gas futures jumped +25 682 contracts to 185 684 contracts for the week.

NET LENGTH for gold futures plunged -22 536 contracts to 253 027. Speculative long positions declined -15 013 contracts, while shorts gained +7 523. Silver futures saw further decline in NET LENGTH, by -6 765 contracts to 43 989. Speculative long positions dropped -5 004 contracts while shorts added +1 761. For PGMs, NET LENGTH of Nymex platinum futures rose +1 433 contracts to 28 247 while that for palladium dropped -407 contracts to 13 303.

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