Latest Commitment of Traders positions (Commodities) as of October 4th, 2016

CFTC commitment of traders report was released on Friday (7th October) and cover positions up to Tuesday (4th 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

Gold traders sharply decreased their net long positions in the yellow metal. The net long position decreased by 46,396 contracts to +245.5K contracts.               

• Copper – Position flipped to long

The net long positions increased such a way that the net position flipped from short to long.  The net-longs increased by 2,989 contracts to +0.9K contracts.

• Silver – Net position long and decreasing

The net long position in silver declined last week after two weeks of rise. The net longs decreased by 9,059 contracts to +75.8K contracts.

• WTI Crude – Net position long and increasing

 The net long positions increased very sharply last week as traders raised the net long positions by 71,330 contracts to +363K contracts. OPEC deal is doing the magic.

• Natural gas – Net position short and increasing

After sharp reduction last week, traders increased short positions again. Net-short positions rose by 19,652 contracts to -67.3K contracts.