COT Report: Gold & Silver bets surge higher while Copper & USD Index bets slide

30th June 2019 Off By binary
COT Report: Gold & Silver bets surge higher while Copper & USD Index bets slide

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Here are this week’s links to the latest Commitment of Traders data changes that were released on Friday.

This week in the COT data, precious metals speculators once again added to their bullish positions sharply for a fourth week. Gold positions have strengthened by approximately +150,000 net contracts in just these last four weeks and are now at the most bullish level since September 9th of 2017.

Silver bets continued their dramatic turnaround this week and improved for a fourth week. Silver had been at a low of -22,409 contracts on May 28th before a sharp surge in bullishness in the past month.

Copper speculators, meanwhile, increased their short bets this week and for the ninth time out of the past ten weeks.

In currencies, the USD Index Speculators reduced their bullish bets for the third time in the past four weeks. The Canadian dollar and Japanese yen speculative positions saw improvements on the week (lower bearish levels) while Euro speculators added to bearish bets slightly this week after a strong improvement last week.

The 10-Year Bond speculators bailed out of their net short positions sharply this week by the largest one-week amount since November 13th of 2018. These usually reliable trend-followers have been caught on the wrong side of this market as 10-year bonds have rallied approximately 7.5% this year and yields have plummeted with the 10-year yield currently at 2.00%.

The WTI Crude oil speculators raised their bullish net positions for a second straight week although this was a second weekly gain due to short-covering.

Finally, VIX speculators continued to add to their bearish positions again this week and have now added to short bets in five out of the past six weeks. The bearish sentiment has picked up again and the overall bearish position is now above the -100,000 contract level for a second straight week.


US Dollar Index Speculators trim bullish bets. Japanese Yen, Canadian Loonie bets rise

Large currency speculators lowered their net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. See full article.


WTI Crude Oil Speculators bullish bets went higher for 2nd week

The large speculator contracts of WTI crude futures totaled a net position of 378,803 contracts, according to the latest data this week. This was a change of 15,716 contracts from the previous weekly total. See full article.


10-Year Note Speculators strongly pared their bearish bets this week

Large speculator contracts of the 10-Year Bond futures totaled a net position of -281,099 contracts, according to the latest data this week. This was a change of 121,885 contracts from the previous weekly total. See full article.


Gold Speculators continue raising their bullish bets sharply for 4th week

Large precious metals speculator contracts of the Gold futures totaled a net position of 236,554 contracts, according to the latest data this week. This was a change of 32,231 contracts from the previous weekly total. See full article.


VIX Speculators raised their bearish bets to 7-week high

Large stock market volatility speculator contracts of the VIX futures totaled a net position of -116,694 contracts, according to the latest data this week. This was a change of -8,050 contracts from the previous weekly total. See full article.


Silver Speculators strongly boosted their bullish bets to 16-week high

Large precious metals speculator contracts of the silver futures totaled a net position of 30,565 contracts, according to the latest data this week. This was a change of 16,049 contracts from the previous weekly total. See full article.


Copper Speculators rebooted their bearish bets this week

Metals speculator contracts of the copper futures totaled a net position of -26,539 contracts, according to the latest data this week. This was a change of -2,587 contracts from the previous weekly total. See full article.


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*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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