InvestMacro

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

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators slightly added to their net positions in the WTI Crude Oil futures markets to a new record high 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 611,128 contracts in the data reported through Tuesday December 5th. This was a weekly advance of 1,295 contracts from the previous week which had a total of 609,833 net contracts.

The speculative net position is above the +600,000 contract level for a second week after surpassing that level for the first time last week. The speculator bets have now risen for seven out of the last eight weeks.

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 -623,260 contracts on the week. This was a weekly decline of -1,464 contracts from the total net of -621,796 contracts reported the previous week.

USO:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the USO Crude Oil ETF, which tracks the price of WTI crude oil, closed at approximately $11.54 which was a decrease of $-0.04 from the previous close of $11.58, 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

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

10-Year Note Non-Commercial Speculator Positions:

Large treasury speculators sharply cut back on their bullish 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 14,345 contracts in the data reported through Tuesday December 5th. This was a weekly fall of -109,591 contracts from the previous week which had a total of 123,936 net contracts.

Speculative positions fell hard this week and brought the bullish net level to the lowest spot in five weeks. Spec positions had risen for four straight weeks before this week’s turnaround in speculator sentiment.

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 197,975 contracts on the week. This was a weekly boost of 111,339 contracts from the total net of 86,636 contracts reported the previous week.

IEF ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $105.96 which was a fall of $-0.25 from the previous close of $106.21, 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

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

Gold Non-Commercial Speculator Positions:

Large metals speculators sharply cut back on their 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 173,329 contracts in the data reported through Tuesday December 5th. This was a weekly decrease of -51,088 contracts from the previous week which had a total of 224,417 net contracts.

Speculative positions had increased the previous two weeks before this week’s sharp decline which was the largest one week fall since May 24th 2016 (-59,656 contracts). The gold level is now at the lowest level since August 8th when net positions totaled +148,837 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -189,890 contracts on the week. This was a weekly gain of 56,651 contracts from the total net of -246,541 contracts reported the previous week.

GLD ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the GLD ETF, which tracks the price of gold, closed at approximately $120.32 which was a decrease of $-2.49 from the previous close of $122.81, 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

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

S&P500 Non-Commercial Speculator Positions:

Large stock speculators lifted their net positions in the S&P500 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 futures, traded by large speculators and hedge funds, totaled a net position of 1,025 contracts in the data reported through Tuesday December 5th. This was a weekly gain of 733 contracts from the previous week which had a total of 292 net contracts.

Speculative positions have gained for a second week and remain in a bullish position after four weeks in bearish territory.

S&P500 Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 404 contracts on the week. This was a weekly drop of -5,269 contracts from the total net of 5,673 contracts reported the previous week.

SPY ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P500 Index, closed at approximately $263.19 which was an uptick of $0.32 from the previous close of $262.87, 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

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

Silver Non-Commercial Speculator Positions:

Large speculators sharply decreased their 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 31,426 contracts in the data reported through Tuesday December 5th. This was a weekly decline of -27,356 contracts from the previous week which had a total of 58,782 net contracts.

Speculative positions have fallen for three straight weeks (by a total of -37,747 contracts) and are now at the lowest level since August 1st when net positions totaled +30,759 contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -46,354 contracts on the week. This was a weekly increase of 26,721 contracts from the total net of -73,075 contracts reported the previous week.

SLV ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SLV ishares ETF, which tracks the price of silver, closed at approximately $15.23 which was a decrease of $-0.68 from the previous close of $15.91, 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

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

Copper Non-Commercial Speculator Positions:

Large metals speculators sharply lowered 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 26,653 contracts in the data reported through Tuesday December 5th. This was a weekly lowering of -17,270 contracts from the previous week which had a total of 43,923 net contracts.

Speculative positions had risen for the past two weeks before this week’s fall. The current net position is now at the lowest level since July 25th when net positions totaled +24,257 contracts.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -35,212 contracts on the week. This was a weekly increase of 15,659 contracts from the total net of -50,871 contracts reported the previous week.

JJC ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the JJC iPath Bloomber Copper ETN, which tracks the price of copper, closed at approximately $33.35 which was a shortfall of $-1.76 from the previous close of $35.11, 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

By George Prior

Bitcoin will see-saw in coming weeks but the cryptocurrency mania is set to grow, affirms the CEO of one of the world’s largest independent financial services organizations.

The observations by Nigel Green, founder and chief executive of deVere Group, come after Bitcoin fell by $2,500 Friday after hitting record highs.

Mr Green comments: “Bitcoin investors have been on a rollercoaster this year.  The world’s biggest cryptocurrency soared to a new record of $17,000 Thursdaybefore nosediving by $2,500 hours later.

“This correction is an appropriate one after such frenzied trading.  We should expect to see Bitcoin see-sawing in coming weeks. Sharp moves are likely, followed by subsequent corrections.

“This is due to the increased interest in this exciting new alternative currency, and especially with the Chicago Board Options Exchange allowing investors to trade Bitcoin futures in the next few days, driving hikes.”

He continues: “Bitcoin’s impressive rally has piqued interest in the phenomenon of cryptocurrencies in recent days and pushed demand further skywards.  I believe we will look back on this point as the start of digital currencies becoming mainstream.  They can no longer be dismissed as a fad or fraud.  Of course, Bitcoin and other cryptocurrencies will rise and fall – but all traditional currencies do the same.

“As they become ever-more established, cryptocurrencies will gain in popularity and the growing cryptocurrency mania will likely result in the launch of more and more digital currencies to meet demand.”

In a statement on Thursday, Mr Green also urged caution.  He said: “Bitcoin remains a major gamble as it is very much an ‘unchartered waters’ asset – we’ve simply not experienced this before. Also, an asset that goes almost vertically up should typically raise alarm bells for investors.  In addition, many would argue that there’s limited underlying economic value.”

The deVere CEO concluded: “Today’s digital world needs cryptocurrencies. One or two of the existing ones will succeed, whether it’s Bitcoin or not remains to be seen. But the dawn of the financial technology era has arrived.”

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

Article By RoboForex.com

BTC USD, “Bitcoin vs US Dollar”

As we can see at the H4 chart, after getting to the post-correctional extension area close to the retracement of 261.8%, the BTC/USD pair continues reaching new all-time highs. Right now, the price is starting a short-term correction. The next upside target may be the retracement 423.6%.

At the H1 chart, the pair has been corrected to the downside by 38.2%. The next target of this descending correction may be the retracement of 50.0% at 13018.64. After reaching it, the price may resume growing. After breaking the current high, this new ascending impulse may continue moving towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 18656.49 and 19815.08 respectively.

ETH USD, “Ethereum vs. US Dollar”

As we can see at the daily chart, after the divergence, the ETH/USD pair is starting a new correction or even making a reverse. The price has already reached the retracement of 23.6%. The next downside targets may be the retracement of 38.2% and 50.0% at 325.75 and 266.88.

More detailed structure of the current correction is shown at the H4 chart. The short-term range for the pair is between 459.55 and 366.85 respectively.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has formed the consolidation range around 1.1792 and right now is trading to break it downwards. Possibly, the price may reach the local target at 1.1723 and then form another consolidation range. If later the instrument breaks this range to the upside, the market may start another correction towards 1.1792; if to the downside – continue falling inside the downtrend to reach 1.1700.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is moving upwards. Possibly, the price may reach 1.3500. If later the instrument breaks this range to the upside, the market may grow towards 1.3550; if to the downside – fall with the target at 1.3400.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has expanded the consolidation range upwards. Possibly, today the price may form another consolidation range around 0.9954. If later the instrument breaks this range to the upside, the market may grow towards 1.0000; if to the downside – start another correction to reach 0.9900.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair hasn’t been able to continue the correction; it has broken 112.69 upwards and reached the upside target. We think, today the price may consolidate around 113.35. If later the instrument breaks this range to the upside, the market may reach 114.70; if to the downside – start another correction with the target at 112.69.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still falling; it has reached the target and expanded the consolidation range. We think, today the price may test 0.7554 from below and then resume falling with the target at 0.7470.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating above 59.09. If later the instrument breaks this range to the upside, the market may continue growing towards 60.05; if to the downside – falling to reach 58.58

XAU USD, “Gold vs US Dollar”

Gold has reached the local downside target. Possibly, today the price may form a new consolidation range. If later the instrument breaks this range to the upside, the market may start another correction towards 1256; if to the downside – continue falling inside the downtrend with the target at 1222.

BRENT

Brent has returned to 62.28. We think, today the price may fall to reach 61.00 and then start forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling towards 60.00; if to the upside – start another growth with the target at 63.00.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By Gabriel Ojimadu, Alpari

Source: EURUSD: euro falling under pressure from the crosses