COT Report: US Dollar, WTI Crude Spec bets fall. Gold, Silver, Copper bets rise

By CountingPips.com

Here is a short summary and this week’s links (below) to the latest Commitment of Traders changes.

• This week’s COT results showed that Speculators reduced their bullish bets of the US dollar last week for the first time in four weeks, although bullish positions remain above +$15 billion for the fourth week.

• In the other major markets, WTI Crude speculators continued to pare their bullish bets for the fifth week from their record high bullish position on February 21st.

• The 10-year note speculators, for a fourth straight week, decreased their bearish bets after reaching a record high short position of over -400,000 contracts a month ago.

• In metals, gold speculators boosted their bullish bets higher for a 2nd week while silver and copper speculative bets rebounded after trending down in recent weeks.

• Finally, S&P500 speculators continued to push their bullish bets higher in S&P500 futures for a seventh straight week.

---

Speculators cooled off their US Dollar bullish bets for 1st time in 4 weeks

US Dollar net speculator positions leveled at $15.27 billion last week

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators reduced their bullish bets for the US dollar last week following three straight weeks of rises. See full article

---

WTI Crude Oil Speculators drop bullish net positions for 5th week

The non-commercial contracts of WTI crude futures totaled a net position of 398,080 contracts, according to data from last week. This was a decline of -20,437 contracts from the previous weekly total. See full article

---

Gold Speculators raised bullish net positions for 2nd week to 4 week high

The large speculator contracts of gold futures advanced to a total net position of 137,820 contracts. This was a weekly gain of 21,568 contracts from the previous week. See full article

---

10 Year Treasury Note Speculators cut their bearish net positions for 4th week

The large speculator contracts of 10-year treasury note futures totaled a net position of -69,419 contracts. This was a weekly change of 30,935 contracts from the previous week. See full article

---

Large S&P500 Speculators pushed bullish net positions higher for 7th week

The large speculator contracts of S&P 500 futures totaled a net position of 12,370 contracts. This was a rise of 2,427 contracts from the reported data of the previous week. See full article

---

Silver Speculators sharply boosted bullish net positions last week

The non-commercial contracts of silver futures totaled a net position of 90,688 contracts, according to data from last week. This was a weekly jump of 11,576 contracts from the previous totals. See full article

---

Copper Speculator bets rebounded after falling previous 7 weeks

The large speculator contracts of copper futures totaled a net position of 29,865 contracts. This was a weekly advance of 8,195 contracts from the data of the previous week. See full article

---

Article by CountingPips.com

The Commitment of Traders report data is published in raw form every Friday by the Commodity Futures Trading Commission (CFTC) and shows the futures positions of market participants as of the previous Tuesday (data is reported 3 days behind).

To learn more about this data please visit the CFTC website at http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm