Latest Commitment of Traders positions (Commodities) as of December 20th, 2016

CFTC commitment of traders report was released on Friday (23rd December) and cover positions up to Tuesday (20th 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 sixth consecutive week.  The net long position decreased by 14,477 contracts to +114.8K contracts.          

• Copper – – Net position long and decreasing

Traders covered their net longs for the first time in eight weeks. The net longs decreased by 9,089 contracts to +52K contracts.

• Silver – Net position long and decreasing

The net long position decreased last week after an increase in the previous. The net longs declined by 6,039 contracts to +60.9K contracts.

• WTI Crude – Net position long and increasing

 Sentiment in oil remains upbeat as traders increased the net long positions again last week by 13,894 contracts to +436.7K contracts.

• Natural gas – Net position flipped from short to long

Traders sharply covered their short positions and in such a way that the net positions shifted from short to long. Net-short positions declined by 14,580 contracts to +120 contracts.