CFTC commitment of traders report was released on Friday (8th April) and cover positions up to Tuesday (5th April). 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
Speculators increased net long position marginally by 594 contracts to +190.8K.
- Copper – Net position short and increasing
Copper positions flipped to net short previous week and last week net short position increased further by 5659 contracts to -10K contracts. Position is suggesting further downside.
- Silver – Net position long and decreasing
Speculators decreased net long position further by 2496 contracts to 52K contracts, indicating that momentum may be waning for precious metal pack.
- WTI Crude – Net position long and decreasing
Speculators decreased net long position further by 15381 contracts to +290.1K contracts.
- Natural gas – Net position short and decreasing
Speculators reduced net short position further by 29368 contracts to -138.3K contracts.
The material has been provided by InstaForex Company – www.instaforex.com