Latest Commitment of Traders positions (Commodities) as at April 12th, 2016

CFTC commitment of traders report was released on Friday (15th April) and cover positions up to Tuesday (12th 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

Gold net long position saw another sharp increase by speculators. Net long position increased by 23407 contracts to +213.8 K contracts.

• Copper – Net position short and increasing

Copper saw another week of sharp increase in short position suggesting speculators betting further sharp drop in red metal. In last three weeks net short position increased by 23000 around contracts. In last week alone, copper net short position were increased by -12236 contracts to -22.3K contracts.

• Silver – Net position long and increasing

Last week’s outperformance by silver makes sense as speculators sharply increased long bets by 10457 contracts to +62.5K contracts.

• WTI Crude – Net position long and decreasing

Speculators decreased net long position marginally by 969 contracts to +289.2K contracts.

• Natural gas – Net position short and increasing

Speculators increased net short position by 4043 contracts to -142.4K contracts.