Energy speculators lower bets led by WTI and gasoline :: 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 5 July It presents a quick look at how the major traders (speculators for profit and business entities) are positioned in the futures markets.

Speculators’ bets in the energy market have been lower this week, with only one of the six energy markets we cover ranking higher this week while the other five have lower contracts.

The only market that showed gains from a speculative bet for energy markets was Brent crude with gains of +4,163 contracts. Meanwhile, the notable declines in speculators’ bets this week were WTI Crude Oil (-19,169 contracts), Gasoline (-4,078 contracts), Natural Gas (-1,100 contracts) and Heating Oil (-1,022 contracts). and the commodity index (-137). Contracts) Record fewer bets per week.

Strengths (measuring the 3-year range of speculative trades, 0 to 100 where above 80 percent is very bullish and less than 20 percent is very bearish) shows that the Bloomberg Commodity Index (78.8 percent) is above its midpoint in The past three years are leading the way for energy markets in speculator sentiment. Brent oil (46.5 percent) and heating oil (52 percent) are also positive while WTI (0 percent) and gasoline (0 percent) are at the bottom of 3-year ranges and at bearish extremes.

Strengths trends (or the Motion Index, which calculates 6-week changes in strength scores) shows that heating oil (18.7 percent) and the Bloomberg Commodity Index (7.8 percent) lead the increasing scores over the past six weeks. Meanwhile, WTI crude oil has been in the biggest downtrend at -17.6 percent over the past six weeks, followed by natural gas (-5.7 percent) and gasoline (-4.4 percent).

WTI Crude Oil Futures:

The big speculators on WTI crude oil futures this week were netting 280,523 contracts in the data reported through Tuesday. This represents a weekly reduction of -19,169 contracts from the previous week which totaled 299,692 contracts net.

Current strength score for this week ( merchant Positioning range over the past three years, which is scaled from 0 to 100) shows that speculators are currently very bearish with a score of 0.0 percent. Commercials are bullish-extreme at 100.0 percent and small traders (not shown in chart) are bearish at 48.4 percent.

Brent crude futures contracts:

Major speculators on Brent crude futures this week tied a net position at -38,514 contracts in data reported through Tuesday. This was a weekly increase of 4,163 contracts from the previous week which totaled -42,677 net contracts.

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 down 46.5%. Commercials are up 55.3% and small traders (not shown in chart) are down 25.5%.

Natural gas futures contracts:

The big speculator on natural gas futures this week had a net position of -130,519 contracts in data reported through Tuesday. This was a weekly decrease of 1,100 contracts from the previous week which totaled -129,419 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 39.4 percent bearish. Commercials are up 59.9 percent and small traders (not shown in the chart) are up 71.4 percent.

Gasoline blend futures:

The big speculator of gasoline futures, which stands this week, had a net position of 28,021 contracts in the data reported through Tuesday. This is a weekly decrease of -4,078 contracts from the previous week which totaled 32,099 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 bearish at 43.9 percent.

#2 New York Heating Oil Futures:

The No. 2 big speculator in NY-Harbor heating oil futures standing this week was equal to a net position of 6,486 contracts in the data reported through Tuesday. This was a weekly decrease of -1,022 contracts from the previous week which totaled 7,508 contracts.

This week’s current strength score (range of a trader’s position over the past 3 years, scaled from 0 to 100) shows that speculators are currently 52.0 percent optimistic. Commercials are down 47.0 percent and small traders (not shown in the chart) are up 54.8 percent.

Bloomberg Commodity Index Futures:

The big speculator on Bloomberg Commodity Index futures contracts standing this week was equal to a net position of -7,486 contracts in the data reported through Tuesday. This was a weekly decrease of -137 contracts from the previous week which totaled -7,349 contracts net.

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 78.8 percent. Trades are bearish at 21.1% and small traders (not shown in chart) are Bearish-Extreme with a score of 19.1%.

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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.