According to the CFTC Commitments of Traders report for the week ended July 20. NET LENGTH for crude oil futures slumped -50 356 contracts to 448 740 for the week. Speculative long position declined -43272 contracts, while shorts rose +7 084 contracts. For refined oil products, NET LENGTH for heating oil gained +2 109 contracts to 24 249, while that for gasoline plunged -19 233 contracts to 29 337. NET SHORT of natural gas futures rose +8 138 contracts to 127 542 during the week.
Gold futures’ NET LENGTH gained +5 136 contracts to 195 972 while silver futures’ NET LENGTH declined -6 214 contracts to 37 475. For PGMs, NET LENGTH of Nymex platinum futures fell -3 248 contracts to 12 113 while that for palladium dropped -1 098 contracts to 1 283.
