Energy speculators bet on defensive led by WTI oil and natural gas :: InvestMacro

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Here are the latest graphs and statistics for Commitment of Traders (COT) data published by the Commodity Futures Trading Commission (CFTC).

The latest COT data is updated by Tuesday June 21 It presents a quick look at how the major traders (speculators for profit and business entities) are positioned in the futures markets.

Speculative bets in energy markets were lower during the week, with only two of the six energy markets we covering higher this week while four had lower contracts.

Gains in the energy markets were led by heating oil (1089 contracts) with the Bloomberg Commodity Index (259 contracts) also showing a small positive week. Meanwhile, among the most notable declines in speculators’ bets this week were WTI Crude Oil (-13.444 contracts) with Natural Gas (-7384 contracts), Brent Crude Oil (-1621 contracts) and Gasoline (-49 contracts) also recording lower bets during the week. . .

Strengths (3 year range of speculative positions, 0-100 where above 80 is very bullish and below 20 is very bearish) show that Bloomberg Commodity Index and Heating Oil are both at bullish levels at the moment. All other energy markets are below the middle of the last 3 years and have severe bearish or bearish readings.

The strengths trends trends (or the movement index, which calculates 6-week changes in strength scores) shows that the Bloomberg Commodity Index and Heating Oil again lead the six-week trends at 19.9 percent and 20.8 percent, respectively. Brent oil is leading downtrends by -11.4% over the past six weeks.

WTI Crude Oil Futures:

The biggest speculators on WTI crude oil futures this week was a net position of 28,9502 contracts in the data reported through Tuesday. This was a weekly decrease of -13,444 contracts from the previous week which totaled 302,946 contracts net.

This week’s current strength score (trader’s position range over the past 3 years, scaled from 0 to 100) shows that the speculators are currently Bearish-Extreme with a score of 0.0%. Commercials are bullish-extreme at 100.0 percent and small traders (not shown in chart) are bullish at 63.5 percent.

Brent crude futures contracts:

The big speculator on Brent crude futures this week was net at -38,010 contracts in the data reported through Tuesday. This was a weekly decrease of 1,621 contracts from the previous week net of -36,389 contracts.

This week’s current strength score (range of the trader’s position over the past 3 years, measured from 0 to 100) shows that the speculators are currently down 47.4 percent. Commercials are up 53.2 percent and small traders (not shown in the chart) are down 35.7 percent.

Natural gas futures contracts:

The big speculator on natural gas futures that stood this week was net at -130,869 contracts in data reported through Tuesday. This was a weekly decrease of -7384 contracts from the previous week which totaled -123.485 contracts net.

This week’s current strength score (range of the trader’s position over the past 3 years, measured from 0 to 100) shows that the speculators are currently down 39.3 percent. Commercials are bullish at 58.0 per cent and small traders (not shown in the chart) are very bullish at 86.3 per cent.

Gasoline blend futures:

The big speculator on blend gasoline futures this week was a net position of 31,407 contracts in the data reported through Tuesday. This was a weekly drop of -49 contracts from the previous week which totaled 31,456 contracts net.

This week’s current strength score (trader’s position range over the past 3 years, scaled from 0 to 100) shows that speculators are currently in a Bearish-Extreme position with a score of 2.1%. The commercials are Bullish-Extreme with a score of 95.0 percent and the small traders (not shown in the chart) are bullish – severe with a score of 83.8 percent.

#2 New York Heating Oil Futures:

The No. 2 big speculator in NY-Harbor Futures heating oil contracts standing this week was the net position of 9,564 contracts in the data reported through Tuesday. This was a weekly increase of 1,089 contracts from the previous week which totaled 8,475 contracts net.

This week’s current strength score (range of the trader’s position over the past 3 years, scaled from 0 to 100) shows that speculators are currently optimistic at 56.5 percent. Commercials are down 41.2 percent and small traders (not shown in the chart) are up 62.9 percent.

Bloomberg Commodity Index Futures:

Bloomberg’s big commodity futures speculator this week was net at -8,052 contracts in data reported through Tuesday. This was a weekly increase of 259 contracts from the previous week which netted –8,311 contracts.

This week’s current strength score (range of a trader’s position over the past 3 years, measured from 0 to 100) shows that speculators are currently optimistic at 76.7 percent. The commercials are 23.2% bearish and the small traders (not shown in the chart) are 29.7% bearish.

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*COT Report: COT data, released weekly to the public every Friday, is updated by the latest Tuesday (data 3 days old) and shows a quick look at how large speculators or non-commercials (profitable traders) are positioning in the futures markets.

The Commodity Futures Trading Commission (CFTC) classifies the positions of traders according to commercial hedgers (traders who use futures contracts to hedge as part of a business), non-commercial (large traders who speculate on trading profits) and unreportable traders (usually small traders/speculators) as well as their interest Open (the contracts are open in the market at the time of reporting). See CFTC Standards over here.