Sun, Nov 29, 2020 @ 04:28 GMT
Home Action Insight Oil N' Gold Traders were Bearish on Precious Metals While Stayed Mixed on Energy

Traders were Bearish on Precious Metals While Stayed Mixed on Energy

Speculators were mixed over the energy complex in the week ended May 1. Net LENGTH for crude oil futures plunged -21 696 contracts from a week ago to 690 727. NET LENGTH of heating oil rose +4 341 contracts to 26 997 while net LENGTH for gasoline dropped -1 940 contracts to 83 027. Net SHORT for natural gas decreased -1 378 contracts to 94 849 for the week.

Speculators were bearish over the precious metal complex last week. Net LENGTH for gold slumped -29 867 contracts to 106 779. Silver reverted to Net SHORT of 7 196 contracts for the week. For PGMs, net LENGTH for platinum slumped -7 068 contracts to 10 764 while that for palladium slipped -196 contracts to 10 765.

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