Latest Commitment of Traders positions (Commodities) as of December 13th, 2016

CFTC commitment of traders report was released on Friday (16th December) and cover positions up to Tuesday (13th December). 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

The long positions declined for fifth consecutive week.  The net long position decreased by 7,069 contracts to +129.3K contracts.          

• Copper – – Net position long and increasing

Traders increased their net longs for seventh consecutive week. The net longs increased by 4,724 contracts to +61.1K contracts.

• Silver – Net position long and increasing

The net long position increased in contrast to gold last week. The net longs rose by 7,568 contracts to +66.9K contracts.

• WTI Crude – Net position long and increasing

 Sentiment in oil remains upbeat as traders increased the net long positions by 45,141 contracts to +422.8K contracts.

• Natural gas – Net position short and increasing

Traders sharply covered their short positions. Net-short positions rose by 53,085 contracts to -14.5K contracts.