Source: Live Forex News
CFTC commitment of traders report was released on Friday (6th May) and cover positions up to Tuesday (3rd May). COT report is not a complete presenter of entire market positions, however it represents a good chunk of institutional traders, to have a feel of what expected by the big players.
Kindly note in some cases numbers are rounded to nearest decimal.
- Gold – Net position long and increasing
Gold net long position saw another increase by speculators and quite a large enough. Net long position increased by 50,791 contracts to +271.65K contracts.
- Copper – Net position short and decreasing
Copper net short position dropped this week but at much slower pace. Net short position decreased by 616 contracts to -7.46K contracts.
- Silver – Net position long and decreasing
Silver net long position saw a sizable reduction this week, where longs were reduced by 2,898 contracts to +75.87K contracts.
- WTI Crude – Net position long and increasing
A sharp reduction in long position this week. Net longs got reduced by 15,721 contracts to +318.54 K contracts.
- Natural gas – Net position short and decreasing
Speculators increased net short position sharply. Net short position were increased by 25,038 contracts to -141.5K contracts.
The material has been provided by InstaForex Company – www.instaforex.com