Latest Commitment of Traders positions (Commodities) as of October 18th, 2016

CFTC commitment of traders report was released on Friday (21st October) and cover positions up to Tuesday (18th October). 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

Traders reduced their net long positions for third consecutive week. The net long position decreased by 15,601 contracts to +179.6K contracts.         

• Copper – Position flipped from long to short

Traders reduced their net longs in such a way that the position flipped from long to short.  The net-longs decreased by 15,468 contracts to -11.1K contracts.

• Silver – Net position long and decreasing

The net long position in silver declined for third consecutive week. The net longs decreased by 3,607 contracts to +59.3K contracts.

• WTI Crude – Net position long and decreasing

 The net long positions decreased marginally last week as traders reduced the net long positions by 5,655 contracts to +408K contracts.

• Natural gas – Net position short and decreasing

Last week, traders reduced their short bets sharply. Net-short positions declined by 23,381 contracts to -31.1K contracts.