CFTC commitment of traders report was released on Friday (7th June) and cover positions up to Tuesday (4th June). The 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 the nearest decimal.
- Gold – Net position long and increasing
The net long positions rose by 69,427 contracts that pushed the net potion to +156.1K contracts.
- Copper – Net position short and increasing
The net short positions rose by 2,913 contracts that pushed the net potion to -26.7K contracts.
- Silver – Net position short and decreasing
The net short positions declined by 13,966 contracts that pushed the net positions to -8.4K contracts.
- WTI Crude – Net position long and decreasing
Speculators reduced long positions by 38,770 contracts, which brought the net positions to +400.2K contracts. The net long positions have now declined to the lowest level since March 2019.
- Natural gas – Net position short and increasing
The net short positions rose by 18,554 contracts that pushed the net potion to -104.5K contracts.