Commodities Review: Commitments of Traders (COT)

$USO, $UNG, $UGA, $GLD, $SLV, $PPLT, $PALL

Speculators and Traders were Bearish over the energy complex in the week ended 27 October.

Net LENGTH Crude Oil futures -14 576 contracts from a week ago to 236,575 while net LENGTH for gasoline -1 696 contracts to 53,468.

Net Short for heating +4 457 contracts to 14 652, and net SHORT for Nat Gas +185 contracts to 216,516.

Speculators/Traders were Bullish over the precious metal complex last week.

Net LENGTH Gold future +6 133 contracts to 157,434, for Silver futures +5 147 contracts to 62,445.

For PGMs, net LENGTH for Platinum +3 697 contracts to 33,516, that for Palladium +843 contracts to 13,288.

Have a terrific week.

HeffX-LTN

Paul Ebeling