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CFTC Commitments of Traders – Traders Trimmed Long Position in Crude Oil. Rebound Triggered Profit-taking

According to the CFTC Commitments of Traders report for the week ended December 7, NET LENGTH of crude oil futures slumped -20 002 contracts to 367 232. Speculative longs declined -19 277 contracts while shorts added +725 contracts. For refined oil products, NET LENGTH for heating oil dropped -2 628 contracts to 8 597, while that for gasoline gained +4 269 contracts to 49 883. NET SHORT of natural gas futures slipped -235 contracts to 132 443 during the week.

Gold futures’ NET LENGTH sank -8 675 contracts to 217 185. Silver futures’ NET LENGTH fell -8 601 contracts to 29 833. For PGMs,  NET LENGTH of Nymex platinum futures dropped -2 8586 contracts to 6 062, while NET SHORT for palladium futures dipped -242 contracts to 2 731.

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