Fri, Jan 22, 2021 @ 06:04 GMT
Home Action Insight Oil N' Gold CFTC Commitments of Traders - Traders Bet Stronger Crude Oil Price as...

CFTC Commitments of Traders – Traders Bet Stronger Crude Oil Price as Vaccine News Lifted Sentiment

According to the CFTC Commitments of Traders report for the week ended November 24, NET LENGTH for crude oil futures soared +41 828 contracts to 522 39 for the week. Speculative long position gained +34 912 contracts, while shorts fell -6 916 contracts. For refined oil products, NET LENGTH for gasoline increased +4 494 contracts to 64 884, while heating oil’s NET LENGTH dropped -840 contracts to 13 693. NET LENGTH in Natural Gas futures dived -21 130 contracts to 25 312 for the week.

Gold futures’ NET LENGTH declined -7 368 contracts to 243 902 while silver futures’ NET LENGTH added +66 contracts to 45 680. For PGMs, NET LENGTH of Nymex platinum futures rose +2 593 contracts to 18 765 while that for palladium slipped -36 contracts to 3 027.

Featured Analysis

Learn Forex Trading

Basic Market Structure

The EUR/USD