According to the CFTC Commitments of Traders report for the week ended June 30, NET LENGTH for crude oil futures plunged -17 057 contracts to 543 826 for the week. Speculative long positions dropped -6 864 contracts while shorts rose +10 193 contracts. For refined oil products, NET LENGTH for gasoline declined -3 023 contracts to 47 274, while NET LENGTH for heating oil futures dropped -864 contracts to 3 174. NET SHORT for natural gas futures added +671 contracts to 63 373 contracts for the week.
Gold futures’ NET LENGTH soared +14 713 contracts to 266 670. Speculative long positions jumped +20 483 contracts while shorts added +5 770. Silver futures’ NET LENGTH slipped -322 contracts to 37 601. For PGMs, NET LENGTH of Nymex platinum futures dropped -1 915 contracts to 15 848 while that for palladium added +438 contracts to 1 119.
