InvestMacro

December 1st 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large precious metals speculators reduced their bullish net positions 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 1,871 contracts in the data reported through Tuesday November 27th. This was a weekly fall of -7,025 net contracts from the previous week which had a total of 8,896 net contracts.

This week’s net position was the result of the gross bullish position tumbling by -8,727 contracts to a weekly total of 156,779 contracts compared to the gross bearish position which fell by just -1,702 contracts for the week to a total of 154,908 contracts .

The net speculative position has now declined for two out of the past three weeks and into a very small bullish position. The current standing is at its lowest level since it was in bearish territory two weeks ago.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -16,100 contracts on the week. This was a weekly gain of 7,040 contracts from the total net of -23,140 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 $1219.90 which was a drop of $-1.30 from the previous close of $1221.20, 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

December 1st 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large precious metals speculators raised their bearish 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 -10,966 contracts in the data reported through Tuesday November 27th. This was a weekly change of -238 net contracts from the previous week which had a total of -10,728 net contracts.

This week’s net position was the result of the gross bullish position sliding by -3,833 contracts to a weekly total of 67,813 contracts compared to the gross bearish position which saw a decrease by -3,595 contracts for the week to a total of 78,779 contracts .

The bearish speculative net position has increased for two out of the past three weeks. The current standing has remained in a bearish position for sixteen straight weeks and is above the -10,000 contract level for a third week in a row.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -8,841 contracts on the week. This was a weekly decline of -1,947 contracts from the total net of -6,894 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 $1422.10 which was a fall of $-4.80 from the previous close of $1426.90, 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).

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

December 1st 2018 – By CountingPips.com – Receive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large precious metals speculators 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 10,692 contracts in the data reported through Tuesday November 27th. This was a weekly fall of -1,910 net contracts from the previous week which had a total of 12,602 net contracts.

This week’s net position was the result of the gross bullish position tumbling by -3,956 contracts to a weekly total of 76,742 contracts compared to the gross bearish position which saw a reduction by -2,046 contracts for the week tot a total of 66,050 contracts .

The speculative position dip this week followed a strong gain (+9,187 contracts) in bullish bets last week. The current standing remains in a small bullish position and marks a tenth straight week in bullish territory after crossing from bearish to bullish on September 25th.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -10,236 contracts on the week. This was a weekly boost of 2,888 contracts from the total net of -13,124 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 $272.60 which was a shortfall of $-4.05 from the previous close of $276.65, 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