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Commitments of Traders

CFTC Commitments of Traders – NET SHORT for Natural Gas Narrows Further on Winter Demand Hopes

According to the CFTC Commitments of Traders report for the week ended October 9, traders turned less bullish on the energy market. NET LENGTH for crude oil, heating oil and gasoline futures dropped. Speculative long positions of crude oil futures declined -20 782 contracts, while shorts added +76 contracts,...

CFTC Commitments of Traders – EUR Futures Drifted to NET SHORT on Italy Deficit Concerns

USD bulls lost ground as the greenback corrected from its peak. As suggested in the CFTC Commitments of Traders report in the week ended October 2, NET LENGTH of USD index climbed mildly higher, by +27 contracts to 37 036 contracts. Both speculative long and short positions increased only...

CFTC Commitments of Traders – NET LENGTH for WTI Crude Oil Dropped as Price Peaks

According to the CFTC Commitments of Traders report for the week ended October 2, NET LENGTH for crude oil futures dropped as prices were peaking. Meanwhile, NET LENGTH heating oil and gasoline futures increased further, and NET SHORT for natural gas futures declined. Speculative long positions of crude oil...

CFTC Commitments of Traders – Greenback Rose Across the Board

As suggested in the CFTC Commitments of Traders report in the week ended September 4, NET LENGTH of USD index dropped -1 085 contracts to 33 486 contracts for the week. Both speculative long and short positions increased. During the week, the DXY index gained +0.76%. The greenback rose...

CFTC Commitments of Traders – Traders Expect Gasoline Prices to Fall as Driving Season Ends

According to the CFTC Commitments of Traders report for the week ended September 4, NET LENGTH for crude oil and heating oil futures rose, while that for gasoline futures dropped. Speculative long positions of crude oil futures jumped +19 043 contracts, while shorts climbed +3 626 contracts higher, resulting...

CFTC Commitments of Traders – Euro at Risk as Concerns over Italy Rekindle

As suggested in the CFTC Commitments of Traders report in the week ended August 28, NET LENGTH of USD index added +449 contracts for 34 571 contracts for the week. Both speculative long and short positions dropped, suggesting the market was decisive about its outlook. during the reporting week,...

CFTC Commitments of Traders – Rising Output Might Cap Oil’s Rally

According to the CFTC Commitments of Traders report for the week ended August 28, NET LENGTH for crude oil, heating oil and gasoline futures rose, in tandem with higher prices. Speculative long positions of crude oil futures gained +12 322 contracts, while shorts climbed +794 contracts higher, resulting in...

CFTC Commitments of Traders – Bets in USD Might Drop Next Week as Powell Dovish at Jackson Hole

As suggested in the CFTC Commitments of Traders report in the week ended August 21, NET LENGTH of USD index rose +2 089 contracts for 34 122 contracts for the week. However, this was driven by the decline in speculative short positions offsetting that of longs. during the reporting...

CFTC Commitments of Traders : Bearish over Commodities

Traders have turned bearish on the commodity market, amidst concerns over deceleration in Chinese economic growth and US oil production. According to the CFTC Commitments of Traders report for the week ended August 21, traders trimmed speculative long positions of crude oil futures by -13 183 contracts. Meanwhile, they increased...

CFTC Commitments of Traders: Gold and Silver Turned to Net Shorts

According to the CFTC Commitments of Traders report for the week ended August 14, gold and silver futures surprisingly recorded NET SHORTS, as traders expected prices to weaken further. NET SHORT for for the former was 3 688 contracts, compared with NET LENGTH of 12 688 contracts in the...

Traders Deepened Bets on Higher US Dollar; Long Positions for Safe Haven Currencies Might Turn Positive Next Week on Heightened Geopolitics

As suggested in the CFTC Commitments of Traders report in the week ended August 7, speculative long positions increased +1 039 contracts in USD index futures, while shorts dropped -607 contracts, resulting in an increase in NET LENGTH to 30 102 contracts for the week. For European currencies, traders...

CFTC Commitments of Traders: Gold Lost Safe Asset Appeal

According to the CFTC Commitments of Traders report for the week ended August 7, traders turned less bullish towards the energy complex. They trimmed bets for crude oil and heating oil futures, while raising short positions on gasoline futures. Net LENGTH for crude oil futures fell -4 473 contracts...

Traders Trimmed USD Positions ahead of FOMC and Job Data Last Week

As suggested in the CFTC Commitments of Traders report in the week ended July 31, traders trimmed bets on USD index (DXY) futures. Speculative long positions slid -372 contracts while shorts declined -3 557 contracts, resulting in an increase in NET LENGTH to 28 456 contracts for the week....

Bulls Continued to Outweigh Bears Despite Mixed Outlook in Oil Price

According to the CFTC Commitments of Traders report for the week ended July 31, traders were generally bullish towards the energy complex. Net LENGTH for crude oil futures rose +2 929 contracts to 613 400. Net LENGTH for heating oil futures added +305 contracts to 42 017 while that...

Only USD and EUR Maintained Net Length Positions amidst Monetary Policy Divergence

As suggested in the CFTC Commitments of Traders report in the week ended July 24, bets on a higher US dollar increased modestly by +1 818 contracts. However, thanks to a -4 529 reduction in short positions, NET LENGTH for USD Index (DXY) futures added +6 347 contracts to 25...

Traders Bet for Higher Fuel Prices as Crude Oil In Correction

According to the CFTC Commitments of Traders report for the week ended July 24, net LENGTH for crude oil futures declined -20 823 contracts to 610 471. Net LENGTH for heating oil futures increased +1 689 contracts to 41 712 while that for gasoline rose 2 860 contracts to 99...

Bulls Increased Bets While Bears Cowered on USD’s Rally

USD bulls won ahead of the June FOMC meeting, as suggested in the CFTC Commitments of Traders report in the week ended June 19. Speculative long positions for USD Index (DXY) futures gained +2 267 contracts while shorts slumped -11 142 contracts, resulting in Net LENGTH of 18 072 contracts,...

Traders Turned More Bearish on Precious Metals as US Dollar Jumped

According to the CFTC Commitments of Traders report for the week ended Jun 19, net LENGTH for crude oil futures declined -14 346 contracts to 580 947. Net LENGTH for heating oil futures rose +16 653 contracts to 51 250 while that for gasoline soared +11 668 contracts to 97...

Traders Bet for Further Strength Despite USD’s Pullback

Both bulls and bears added bets on US dollar ahead of the June FOMC meeting, as suggested in the CFTC Commitments of Traders report in the week ended June 12. Both speculative long and short positions were increased in USD Index (DXY) futures, resulting in Net LENGTH of 4 663...

Bets for Higher Precious Metal Prices Increased Despite Fed’s Rate Hike

According to the CFTC Commitments of Traders report for the week ended Jun 12, net LENGTH for crude oil futures soared +11 717 contracts to 595 293. Net LENGTH for heating oil futures dropped -4 208 contracts to 34 597 while that for gasoline declined -7 965 contracts to 85 868....

Bets for USD Trimmed as Traders Lacked Clues after Recent Rally

Both bulls and bears trimmed bets on US dollar after its rally to the highest level in over 6 months, as suggested in the CFTC Commitments of Traders report in the week ended June 5. Both speculative long and short positions were reduced but the latter overwhelmed, resulting in...

Traders Shrank Bets for Further Oil Rally

According to the CFTC Commitments of Traders report for the week ended Jun 5, net LENGTH for crude oil futures fell -24 252 contracts to 583 576. Net LENGTH for heating oil futures dropped -6 506 contracts to 38 805 while that for gasoline declined -9 896 contracts to 93 833....

Bulls Added Bets on USD Appreciation

Traders added more bets for higher USD, as suggested in the CFTC Commitments of Traders report in the week ended May 29. Net LENGTH for USD Index (DXY) futures added +1 338 contracts to 3 924. During the week, the DXY index gained +1.3%, as the greenback strengthened against major currencies...

Traders Reduced Bets for Higher Crude Oil Price

According to the CFTC Commitments of Traders report for the week ended May 29, net LENGTH for crude oil futures fell -25 558 contracts to 607 828. Net LENGTH for heating oil futures added +2 729 contracts to 45 311 while that for gasoline dropped -4 617 contracts to 103 729....

USD Bulls Remained Intact

Traders were increasingly bullish over US dollar, as suggested in the CFTC Commitments of Traders report in the week ended May 22. USD Index (DXY) futures stayed in NET LENGTH for a second consecutive week. Rising speculative long positions and dropping shorts resulted in NET LENGTH of 2 586 contracts,...

Bulls on Crude Oil and Gold Getting Less Excited

According to the CFTC Commitments of Traders report for the week ended May 22, traders apparently turned less bullish on crude oil with the reduction of speculative long positions nearly doubling that of shorts. This resulted in a decrease in Net LENGTH, by -11 058 contracts, to 633 386...

USD Index Futures Recorded Net Length, First Time since March

As we expected, USD Index futures turned to NET LENGTH of 18 contracts in the week ended May 15. This was driven by increasing pessimism over other major currencies. According to CFTC's Commitments of Traders report, reduction in speculative long positions greatly surpassed that of short for EUR futures,...

Traders Trimmed Long Position on Crude Oil as Price Approaches Peak in Near Term

Speculators generally stayed bullish over the energy complex in the week ended May 15. Although Net LENGTH for crude oil futures slumped -35 484 contracts from a week ago to 644 444, that for heating oil rose +9 610 contracts to 42 070. Also, net LENGTH for gasoline added +11 166 contracts...

Traders Getting More Bearish on AUD and Less Bullish on GBP

We initiate coverage on speculators' activities on major FX futures. According to CFTC's Commitments of Traders, speculators were bearish (NET SHORT) on CHF, JPY, AUD and CAD in the week ended May 8. Meanwhile, they remained bullish (NET LENGTH) over EUR, GBP and NZD. However, the positive sentiment has...

Traders Stayed Mixed about Energy as Trump Pulled Out of Iran Deal

Speculators were mixed over the energy complex in the week ended May 8. Net LENGTH for crude oil futures plunged -10 799 contracts from a week ago to 679 928. NET LENGTH of heating oil rose +5 463 contracts to 32 460 while net LENGTH for gasoline added +1 726 contracts...