CFTC Commitments of Merchants -Bets on Decrease Crude Worth Soared


    In keeping with the CFTC Commitments of Merchants report for the week ended October 1, NET LENGTH for crude oil futures slumped -34 843 contracts to 389 319 for the week. Speculative lengthy positions declined -13 664 contracts whereas shorts jumped +21 179 contracts. For refined oil merchandise, NET LENGTH for gasoline fell -Four 056 contracts to 52 410, whereas NET SHORT for heating oil elevated -1 228 contracts to six 982 for the week. NET SHORT for pure gasoline futures declined -6 433 contracts to 118 548 contracts for the week.

    NET LENGTH for gold futures plunged -43 451 contracts to 268 993. Speculative lengthy positions slipped -47 593 contracts, whereas shorts dropped -Four 142. Silver futures noticed lower in NET LENGTH, by -914 contracts to 49 815. Speculative lengthy positions dropped -Four 035 contracts whereas shorts dipped -Three 121. For PGMs, NET LENGTH of Nymex platinum futures declined -Eight 381 contracts to 26 598 whereas that for palladium added +189 contracts to 12 806.

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