CFTC Commitments of Merchants – Bets for Greater Gold and Silver Costs Elevated


    In response to the CFTC Commitments of Merchants report for the week ended October Eight, NET LENGTH for crude oil futures slumped -34 234 contracts to 355 085 for the week. Speculative lengthy positions added +5 454 contracts whereas shorts jumped +39 688 contracts. For refined oil merchandise, NET LENGTH for gasoline dropped -187 contracts to 52 223, whereas NET SHORT for heating oil elevated -9 123 contracts to 16 105 for the week. NET SHORT for pure gasoline futures jumped +41 454 contracts to 160 002 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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