Sun, Dec 05, 2021 @ 17:32 GMT
HomeAction InsightOil N' GoldCFTC Commitments of Traders - Relentless Rally Sent Crude Oil Price to...

CFTC Commitments of Traders – Relentless Rally Sent Crude Oil Price to 7 Year High

According to the CFTC Commitments of Traders report for the week ended October 19, NET LENGTH of crude oil futures jumped +24 818 contracts to 429 594. Speculative longs added +1 719 contracts but shorts plunged -23 099 contracts. The front-month WTI crude contract rallied 7 weeks in a row to a level last seen in 2014 on power shortage. For refined oil products, NET LENGTH for heating oil declined -12 696 contracts to 26 441, while that for gasoline added +1 449 contracts to 48 642. NET SHORT of natural gas futures climbed +168 contracts to 131 070 during the week.

Gold futures’ NET LENGTH rose +7 810 contracts to 193 349. Silver futures’ NET LENGTH jumped +12 369 contracts to 30 356. For PGMs,  NET LENGTH of Nymex platinum futures gained +3 925 contracts to 14 844, while NET SHORT for palladium futures slipped -80 contracts to 2 416.

Featured Analysis

Learn Forex Trading