Latest Commitment of Traders positions (Commodities) as of October 11th, 2016

CFTC commitment of traders report was released on Friday (14th October) and cover positions up to Tuesday (11th October). 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 decreasing

Gold suffered another very large decrease in the net long position. The net long position decreased by 50,289 contracts to +195.2K contracts.         

• Copper – Net position long and increasing

After the net position flipped to long, traders further increased their long bets.  The net-longs increased by 3,427 contracts to +4.3K contracts.

• Silver – Net position long and decreasing

The net-long position in silver declined for second consecutive week. The net longs decreased by 12,910 contracts to +62.9K contracts.

• WTI Crude – Net position long and increasing

 The net long positions increased very sharply once again last week as traders raised the net long positions by 50,674 contracts to +413.6K contracts. OPEC deal is still doing its magic.

• Natural gas – Net position short and increasing

After sharp reduction in last two weeks, traders increased their long bets. Net-short positions declined by 12,791 contracts to -54.5K contracts.