CFTC commitment of traders report was released on Friday (1st July) and cover positions up to Tuesday (28th June). 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
Uncertainties prompted global investors to continue to keep pouring into yellow metal. Net long position got increased by 9,191 contracts to +302K contracts.
- Copper – Net position short and decreasing
Copper net short position saw a significant decrease. Net short position decreased by 13,112 contracts to -19.8K contracts.
- Silver – Net position long and increasing
The net-long position in silver rose by 3,418 contracts to +83.7K contracts.
- WTI Crude – Net position long and decreasing
Crude oil saw a relatively large decrease in net long positions by 14,356 contracts to +304.2K contracts.
- Natural gas – Net position short and decreasing
Natural gas another but small reduction in net short position by 2,751 contracts to -137.8K contracts.
The material has been provided by InstaForex Company – www.instaforex.com