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CFTC Commitments of Traders – Trades Bet Higher Prices in Crude Oil, Gold and Silver

From actionforex.com

According to the CFTC Commitments of Traders report for the week ended April 9, NET LENGTH for crude oil futures jumped +35 301 contracts to 516 662 for the week. Speculative long positions rose +31 454 contracts while shorts dropped -3 847. Traders remained bullish as crude oil price extended the rally for another week. For refined oil products, NET LENGTH for gasoline gained +3 071 contracts to 88 501, while NET SHORT for heating oil dropped -2 748 contracts to 9 742 contracts for the week. NET SHORT for natural gas futures soared +16 052 contracts to 35 094 contracts for the week. Natural gas price remained ... (full story)

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  • Category: Fundamental Analysis