Latest Commitment of Traders positions (Commodities) as of May 31st, 2016

CFTC commitment of traders report was released on Friday (3rd June) and cover positions up to Tuesday (31st 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

Investors pulled money from yellow metal as gold price declined. Net long position got reduced by 18,438 contracts to +215.6K contracts.    

• Copper – Net position short and increasing

Copper net short position saw marginal covering. Net short position decreased by 2,294 contracts to -38.9K contracts.

• Silver – Net position long and decreasing

Silver net long position suffered another blow last week as long position declined by 4,275 contracts to +62.9K contracts.

• WTI Crude – Net position long and decreasing

Crude oil saw a buildup in net long position after sizable reduction last week. Net long position increased by 3,858 contracts to +397.5K contracts.

• Natural gas – Net position short and increasing

Natural gas saw sharp reduction in net short position by 4,205 contracts to -163.8K contracts. However next week, there could be sizable reduction in short position as gas price rose sharply.