According to the CFTC Commitments of Traders report for the week ended July 21, NET LENGTH for crude oil futures rise +9 125 contracts to 548 876 for the week. Bets on both sides increased. Speculative short position plunged -13 473 contracts, more than offsetting the -13 473 decline in longs. For refined oil products, NET LENGTH for gasoline increased +6 454 contracts to 52 039, while NET LENGTH for heating oil futures added +1 919 contracts to 7 737. NET SHORT for natural gas futures increased +8 625 contracts to 22 880 contracts for the week.Gold futures’ NET LENGTH rose +4 008 contracts to 266 436. Speculative long positions increased +4 032 contracts while shorts added +24. Silver futures’ NET LENGTH gained +2 886 contracts to 46 755. For PGMs, NET LENGTH of Nymex platinum futures soared +4 108 contracts to 20 412 while that for palladium added +981 contracts to 2 682.

 

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