Latest Commitment of Traders positions (Commodities) as of May 2nd 2017

CFTC commitment of traders report was released on Friday (5th May) and cover positions up to Tuesday (2nd May). 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

Long positions declined for the first time in seven weeks.  The net long position decreased by 11,043 contracts to +189.6K contracts.          

• Copper – – Net position long and increasing

Long positions increased for the second time in fourteen weeks. The net longs increased by 6,080 contracts to +18.5K contracts.

• Silver – Net position long and decreasing

Long positions declined for a third consecutive week and by 22,246 contracts to +71.4K contracts.

• WTI Crude – Net position long and decreasing

Speculators covered long positions for a second consecutive week and by 38,678 contracts, which brought the net positions to +373.1K contracts.

• Natural gas – position shifted to long

Long position increased by 23,992 contracts and that pushed the net position from short to long. The current position is at +20.9K contracts.