Thu, Dec 03, 2020 @ 12:53 GMT
Home Action Insight Oil N' Gold CFTC Commitments of Traders - Traders Bet Higher Crude Oil Price, and...

CFTC Commitments of Traders – Traders Bet Higher Crude Oil Price, and Lower Gold Price, as Risk Appetite Returned

According to the CFTC Commitments of Traders report for the week ended June 2, NET LENGTH for crude oil futures rose +25 756 contracts to 568 330 for the week. Speculative long positions soared +27 938 contracts while shorts added +2 182 contracts. For refined oil products, NET LENGTH for gasoline declined -7 832 contracts to 53 080, while NET LENGTH for heating oil futures added +144 contracts to 2 779. NET SHORT for natural gas futures jumped +14 191 contracts to 43 986 contracts for the week. Gold futures’s NET LENGTH declined -18 880 contracts to 219 034. Speculative long positions declined -15 952 contracts while shorts gained +2 928. Silver futures’ NET LENGTH added +35 contracts to 37 224. For PGMs, NET LENGTH of Nymex platinum futures fell -1 431 contracts to 21 592 while that for palladium slipped -320 contracts to 400.

 

 

Featured Analysis

Learn Forex Trading