Sun, Jan 24, 2021 @ 00:48 GMT
Home Action Insight Oil N' Gold Traders Were Bullish on Petroleum but Turned Bearish on Natural Gas

Traders Were Bullish on Petroleum but Turned Bearish on Natural Gas

CFTC Commitments of Traders

With the exception of natural gas, speculators were bullish over the energy complex in the week ended March 27. Net LENGTH for crude oil futures jumped +12 062 contracts from a week ago to 715 7708. NET LENGTH of heating oil gained +1 948 contracts to 14 987 while net LENGTH for gasoline rose 1 689 contracts to 79 902. Net SHORT for natural gas added +5 256 contracts to 94 161 for the week.

With the exception of gold, speculators were bearish over the precious metal complex last week. Net LENGTH for gold increased +54 623 contracts to 203 354. Net SHORT for silver added +1 141 contracts to 13 657 for the week. For PGMs, net LENGTH for platinum slipped -1 032 contracts to 28 039 while that for palladium slipped -294 contracts to 12 047.

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