CFTC commitment of traders report was released on Friday (1st December) and cover positions up to Tuesday (28th November). COT report is not a complete presenter of entire market positions; however, it represents a good chunk of institutional traders, to have a feel of what expected by the big players.
Kindly note, in some cases, numbers are rounded to nearest decimal.
- Gold – Net position long and increasing
Long positions rose for a second consecutive week. The net long position increased by 22,590 contracts to +224.4K contracts.
- Copper – Net position long and increasing
Long positions rose for the second straight week. The net longs increased by 3,310 contracts to +43.9K contracts.
- Silver – Net position long and decreasing
Long positions declined for a second straight week contrasting with gold and this time by 8,859 contracts to +58.8K contracts.
- WTI Crude – Net position long and increasing
Speculators increased long positions for the sixth time in seven weeks and by 32,755 contracts, which brought the net positions to +609.8K contracts.
- Natural gas – Net position short and increasing
Short positions rose for a second consecutive week and by 21,279 contracts that pushed the net position to -98.4K contracts.
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