{"id":108304,"date":"2017-07-01T10:54:18","date_gmt":"2017-07-01T14:54:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=108304"},"modified":"2017-07-01T13:24:06","modified_gmt":"2017-07-01T17:24:06","slug":"wti-crude-oil-speculators-reduced-bullish-net-positions-for-3rd-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/wti-crude-oil-speculators-reduced-bullish-net-positions-for-3rd-week\/","title":{"rendered":"WTI Crude Oil Speculators reduced bullish net positions for 3rd week"},"content":{"rendered":"
July 1, 2017<\/div>
\r\n<\/div><\/div>

By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n

\"\"<\/a><\/p>\n

WTI Crude Oil Non-Commercial Speculator Positions:<\/strong><\/p>\n

Large speculators continued to cut back on their bullish net positions in the WTI Crude Oil futures markets this week for a third straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.<\/p>\n

The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 327,188 contracts in the data reported through Tuesday June 27th. This was a weekly reduction of -1,576 contracts from the previous week which had a total of 328,764 net contracts.<\/p>\n

Crude speculators have decreased their bullish net position by\u00a0-55,281 contracts over the past three weeks and the overall position has now fallen to the lowest standing\u00a0since November 29th 2016 when positions totaled +287,881 net contracts.<\/p>\n

WTI Crude Oil Commercial Positions:<\/strong><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -346,338 contracts on the week. This was a weekly rise of 13,376 contracts from the total net of -359,714 contracts reported the previous week.<\/p>\n

\"\"<\/a>USO:<\/strong><\/p>\n

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 $9.10 which was a boost of $0.15 from the previous close of $8.95, according to unofficial market data.<\/p>\n

*COT Report:<\/strong> 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<\/a>).<\/p><\/blockquote>\n

Article by CountingPips.com<\/strong> – Weekly COT Report<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By CountingPips.com – Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large speculators continued to cut back on their bullish net positions in the WTI Crude Oil futures markets this week for a third straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108304","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108304"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108304\/revisions"}],"predecessor-version":[{"id":108412,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108304\/revisions\/108412"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}