Mon, Jun 21, 2021 @ 04:02 GMT
HomeAction InsightOil N' GoldTraders Turned Bearish on Both Oil and Gold

Traders Turned Bearish on Both Oil and Gold

CFTC Commitments of Traders

Speculators turned bearish over the energy complex in the week ended April 3. Net LENGTH for crude oil futures plunged -16 225 contracts from a week ago to 699 545. NET LENGTH of heating oil slipped -586 contracts to 14 401 while net LENGTH for gasoline slipped -1 427 contracts to 78 475. Net SHORT for natural gas added +3 344 contracts to 97 505 for the week.

Speculators were bearish over the precious metal complex last week. Net LENGTH for gold decreased -36 765 contracts to 166 589. Net SHORT for silver gained +3 308 contracts to 16 965 for the week. For PGMs, net LENGTH for platinum fell -4 296 contracts to 23 743 while that for palladium declined -1 830 contracts to 10 217.

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