Archive for December 2018 – Page 2

22 Dec

Copper Speculators reduced bets back into a bearish position this week

December 22nd – By CountingPips.com – Receive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators cut back on their net positions in the Copper futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of -2,678 contracts in the data reported through Tuesday December 18th. This was a weekly drop of -9,925 net contracts from the previous week which had a total of 7,247 net contracts.

This week’s net position was the result of the gross bullish position rising by 4,500 contracts to a weekly total of 76,807 contracts but being overtaken by the gross bearish position which saw a jump by 14,425 contracts for the week to a total of 79,485 contracts.

The speculative net position has now fallen for four straight weeks and for five out of the past six weeks. The current standing is back in an overall bearish position for the first time since September 18th.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 1,664 contracts on the week. This was a weekly advance of 8,470 contracts from the total net of -6,806 contracts reported the previous week.

Copper Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $266.45 which was a loss of $-10.25 from the previous close of $276.70, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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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15 Dec

Currency Speculators trim US Dollar Index bets for 4th week. Yen bets rise.

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

US Dollar Index Speculator Positions

Large currency speculators cut back on their bullish 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.

The non-commercial futures contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 38,122 contracts in the data reported through Tuesday December 11th. This was a weekly lowering by -327 contracts from the previous week which had a total of 38,449 net contracts.

This week’s net position was the result of the gross bullish position advancing by 1,307 contracts to a weekly total of 46,660 contracts but being more than overcome by the gross bearish position which saw a lift by 1,634 contracts for the week to a total of 8,538 contracts.

The speculative position in the USD Index has now declined for four straight weeks after a streak of seven weekly gains. The current standing remains in a strong bullish position but under the +40,000 net contract level for a fourth week in a row.

Individual Currencies Data this week:

In the other major currency contracts data, we saw only one substantial change (+ or – 10,000 contracts) in the speculators category this week.

Japanese yen positions rose by over +12,000 net contracts this week after falling in the previous two weeks. The increase for the yen brought the overall bearish position to under the -100,000 contract level for the first time in five weeks. Yen positions have now been in bearish territory for 26 straight weeks dating back to June 26th.

Overall, the major currencies that saw improving speculator positions this week were the euro (4,489 weekly change in contracts), Japanese yen (12,160 contracts), Swiss franc (1,528 contracts), Canadian dollar (1,267 contracts), Australian dollar (5,224 contracts), New Zealand dollar (6,056 contracts) and the Mexican peso (6,919 contracts).

The currencies whose speculative bets declined this week were the US dollar index (-327 weekly change in contracts) and the British pound sterling (-2,669 contracts).

See the table and individual currency charts below.

Table of Large Speculator Levels & Weekly Changes:

CurrencyNet Speculator PositionSpecs Weekly Change
USD Index38,122-327
EuroFx-56,2874,489
GBP-42,419-2,669
JPY-97,60612,160
CHF-18,2671,528
CAD-11,6691,267
AUD-45,5315,224
NZD-15,2416,056
MXN11,4426,919

 

This latest COT data is through Tuesday and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.

 

Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

The Euro large speculator standing this week reached a net position of -56,287 contracts in the data reported through Tuesday. This was a weekly boost of 4,489 contracts from the previous week which had a total of -60,776 net contracts.

British Pound Sterling:

The large British pound sterling speculator level came in at a net position of -42,419 contracts in the data reported this week. This was a weekly decline of -2,669 contracts from the previous week which had a total of -39,750 net contracts.

Japanese Yen:

Large Japanese yen speculators totaled a net position of -97,606 contracts in this week’s data. This was a weekly gain of 12,160 contracts from the previous week which had a total of -109,766 net contracts.

Swiss Franc:

The Swiss franc speculator standing this week was a net position of -18,267 contracts in the data through Tuesday. This was a weekly lift of 1,528 contracts from the previous week which had a total of -19,795 net contracts.

Canadian Dollar:

Canadian dollar speculators came in at a net position of -11,669 contracts this week. This was a lift of 1,267 contracts from the previous week which had a total of -12,936 net contracts.

Australian Dollar:

The large speculator positions in Australian dollar futures reached a net position of -45,531 contracts this week in the data ending Tuesday. This was a weekly gain of 5,224 contracts from the previous week which had a total of -50,755 net contracts.

New Zealand Dollar:

The New Zealand dollar speculative standing totaled a net position of -15,241 contracts this week in the latest COT data. This was a weekly lift of 6,056 contracts from the previous week which had a total of -21,297 net contracts.

Mexican Peso:

Mexican peso speculators reached a net position of 11,442 contracts this week. This was a weekly increase of 6,919 contracts from the previous week which had a total of 4,523 net contracts.

Article By CountingPips.com – Receive our weekly COT Reports by Email

*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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15 Dec

WTI Crude Oil Speculators once again cut their bullish bets for 11th week

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators continued to lower their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 309,506 contracts in the data reported through Tuesday December 11th. This was a weekly decrease of -20,640 net contracts from the previous week which had a total of 330,146 net contracts.

This week’s net position was the result of the gross bullish position sliding by -708 contracts to a weekly total of 504,584 contracts compared to the gross bearish which saw a rise by 19,932 contracts for the week to a total position total of 195,078 contracts.

The speculative net position has declined for eleven straight weeks and by a total of -250,579 contracts over that period. The current standing is now at the lowest bullish level since November 29th of 2016 when the net position totaled 287,881 contracts.

WTI Crude Oil Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -330,952 contracts on the week. This was a weekly change of 17,572 contracts from the total net of -348,524 contracts reported the previous week.

WTI Crude Oil Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the WTI Crude Oil Futures (Front Month) closed at approximately $51.65 which was a drop of $-1.60 from the previous close of $53.25, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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).

Article By CountingPips.com – Receive our weekly COT Reports by Email

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15 Dec

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

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators sharply added to their bearish net positions in the 10-Year Note futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -393,802 contracts in the data reported through Tuesday December 11th. This was a weekly change of -100,616 net contracts from the previous week which had a total of -293,186 net contracts.

This week’s net position was the result of the gross bullish position falling by -53,250 contracts to a weekly total of 603,949 contracts combined with the gross bearish position which saw a lift by 47,366 contracts for the week to a total of 997,751 contracts.

The speculative position has been shedding large amounts of bearish positions over the past few months before a turnaround in the past two weeks. The spec standing had gone from a record high bearish position of -756,316 contracts on September 25th to a total of -284,223 contracts two weeks ago. This week’s turnaround pushed the bearish bets level back up over the -350,000 contract level and to the highest bearish standing since November 6th.

10-Year Note Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 414,180 contracts on the week. This was a weekly advance of 36,873 contracts from the total net of 377,307 contracts reported the previous week.

10-Year Note Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $120.42 which was a boost of $0.40 from the previous close of $120.01, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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).

Article By CountingPips.com – Receive our weekly COT Reports by Email

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15 Dec

Bitcoin Speculators trimmed their cryptocurrency bearish bets for 3rd week

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Bitcoin Non-Commercial Speculator Positions:

Large cryptocurrency speculators continued to trim their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -913 contracts in the data reported through Tuesday December 11th. This was a weekly change of 63 net contracts from the previous week which had a total of -976 net contracts.

This week’s net position was the result of the gross bullish position increasing by 329 contracts to a weekly total of 2,227 contracts that more than offset the gross bearish position which saw a gain by 266 contracts for the week to a total of 3,140 contracts.

The speculative bearish position fell for the third straight week and remains at the lowest bearish level since Bitcoin futures trading began in December of 2017.

Small Traders Positions:

The small traders reduced their existing bullish bets by 35 contracts this week to a total of 1,177 net contracts from the previous week which had a total of 1,212 net contracts.

The small trader position has been on a small and steady decline after ascending to bullish levels of +2,000 contracts earlier in the year.

Bitcoin Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -264 contracts on the week. This was a weekly change of -28 contracts from the total net of -236 contracts reported the previous week.

The commercials position just started being recorded in the data as of November 27th and has been negative in all three weeks thus far. Previously, the data consisted of just the speculators and the small trader positions.

Bitcoin Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3320 which was a fall of $-520 from the previous close of $3840, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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).

Article By CountingPips.com – Receive our weekly COT Reports by Email

 

 

 

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15 Dec

Gold Speculators pushed their bullish bets higher this week

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators raised their bullish net positions higher in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 60,499 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 11,498 net contracts from the previous week which had a total of 49,001 net contracts.

This week’s net position was the result of the gross bullish position sliding by -3,419 contracts to a weekly total of 169,600 contracts compared to the gross bearish position which saw a decline by -14,917 contracts for the week to a total of 109,101 contracts.

The speculative net position rose for a second straight week and by a total of 58,628 contracts over that period. The current standing is now at the highest bullish position since since July 10th when the net position totaled 81,434 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -77,368 contracts on the week. This was a weekly drop of -19,119 contracts from the total net of -58,249 contracts reported the previous week.

Gold Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1247.20 which was an increase of $0.60 from the previous close of $1246.60, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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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15 Dec

S&P500 Mini Speculators bullish bets rebound after 2 down weeks

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

S&P500 Mini Non-Commercial Speculator Positions:

Large stock market speculators boosted their bullish net positions in the S&P500 Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 174,179 contracts in the data reported through Tuesday December 11th. This was a weekly gain of 70,103 net contracts from the previous week which had a total of 104,076 net contracts.

This week’s net position was the result of the gross bullish position increasing by 21,568 contracts to a weekly total of 438,055 contracts compared to the gross bearish position which saw a fall by -48,535 contracts for the week to a total of 263,876 contracts.

The speculative position had fallen for the previous two weeks and by a total of -120,194 net contracts over that time period. This week’s rebound marked the best once week gain since March and brought the net position back to right below the bullish level of +175,000 contracts.

S&P500 Mini Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -278,770 contracts on the week. This was a weekly decrease of -96,378 contracts from the total net of -182,392 contracts reported the previous week.

S&P500 Mini Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 Mini Futures (Front Month) closed at approximately $2641.25 which was a decrease of $-60.50 from the previous close of $2701.75, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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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15 Dec

VIX Speculators boosted their volatility bets after 2 down weeks

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators lifted their bullish net positions in the VIX futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of VIX futures, traded by large speculators and hedge funds, totaled a net position of 40,097 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 29,080 net contracts from the previous week which had a total of 11,017 net contracts.

This week’s net position was the result of the gross bullish position going up by 16,983 contracts to a weekly total of 143,807 contracts compared to the gross bearish position which saw a lowering by -12,097 contracts for the week to a total of 103,710 contracts.

The speculative net position rise this week came after bets had declined in the previous two weeks by a total of -24,511 contracts and brought the bullish position to just about +11,000 contracts. The current standing after this week’s large gain is now at the most bullish position since April 17th of this year when the net position totaled 77,951 contracts.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -37,661 contracts on the week. This was a weekly decline of -32,440 contracts from the total net of -5,221 contracts reported the previous week.

VIX Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX Futures (Front Month) closed at approximately $20.47 which was a rise of $1.20 from the previous close of $19.27, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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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15 Dec

Silver Speculators sharply lifted their bets into a new bullish position

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators increased their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 11,256 contracts in the data reported through Tuesday December 11th. This was a weekly rise of 11,891 net contracts from the previous week which had a total of -635 net contracts.

This week’s net position was the result of the gross bullish position rising by 1,822 contracts to a weekly total of 71,136 contracts compared to the gross bearish position which saw a fall by -10,069 contracts for the week to a total of 59,880 contracts.

The speculator’s selloff of their bearish bets pushed the new net position into bullish territory for the first time in eighteen weeks (since August 7th). The current standing is at the highest bullish position since July 10th when the net position totaled 23,699 contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -27,879 contracts on the week. This was a weekly shortfall of -12,461 contracts from the total net of -15,418 contracts reported the previous week.

Silver Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Silver Futures (Front Month) closed at approximately $1462.80 which was a shortfall of $-1.20 from the previous close of $1464.00, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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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15 Dec

Copper Speculators reduced their bullish bets for 3rd week running

December 15th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators continued to cut back on their bullish net positions in the Copper futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 7,247 contracts in the data reported through Tuesday December 11th. This was a weekly lowering of -3,436 net contracts from the previous week which had a total of 10,683 net contracts.

This week’s net position was the result of the gross bullish position declining by -3,041 contracts to a weekly total of 72,307 contracts compared to the gross bearish position which saw a increase by 395 contracts for the week to a total of 65,060 contracts.

Copper’s net spec position has now fallen for three straight weeks and for the fourth time out of the past five weeks. The current standing remains in a small bullish position below the +10,000 net contract level.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -6,806 contracts on the week. This was a weekly rise of 5,047 contracts from the total net of -11,853 contracts reported the previous week.

Copper Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $276.70 which was a gain of $0.80 from the previous close of $275.90, according to unofficial market data.

*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) as well as the commercial traders (hedgers & traders for business purposes) 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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