According to the CFTC Commitments of Traders report for the week ended July 6. NET LENGTH for crude oil futures slumped -25 139 contracts to 497 351 for the week. Speculative long position declined -24 799 contracts, while shorts added +340 contracts. For refined oil products, NET LENGTH for heating oil dropped 876 contracts to 24 821, while that for gasoline sank -13 442 contracts to 50 417. NET SHORT of natural gas futures rose 7 307 contracts to 108 054 during the week.
Gold futures’ NET LENGTH jumped -20 595 contracts to 182 821 while silver futures’ NET LENGTH rose +3 011 contracts to 444 88. For PGMs, NET LENGTH of Nymex platinum futures dropped -1 168 contracts to 13 576 while that for palladium added +895 contracts to 2 303.
