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CFTC Commitments of Traders – Traders Bet Precious Metals to Go Higher as US Dollar Sank

According to the CFTC Commitments of Traders report for the week ended October 20, NET LENGTH for crude oil futures jumped +17 551 contracts to 490 348 for the week. Speculative long position rose +14 764 contracts, while shorts dropped -2 787 contracts. For refined oil products, NET LENGTH for gasoline decreased -258 contracts to 53 764, while NET LENGTH for heating oil futures added +423 contracts to 5 009. NET LENGTH in Natural Gas futures gained +1 771 contracts to 70 949 for the week.   

Gold futures’ NET LENGTH soared +8 933 contracts to 249 604 while silver futures’ NET LENGTH gained +3 938 contracts to 44 726. For PGMs, NET LENGTH of Nymex platinum futures dipped -1 086 contracts to 7 825 while that for palladium added +22 contracts to 3 413. 

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