According to the CFTC Commitments of Traders report for the week ended December 29, NET LENGTH for crude oil futures slumped -13 971 contracts to 511 731 for the week. Speculative long position fell -9 904 contracts, while shorts gained +4 067 contracts. For refined oil products, NET LENGTH for gasoline rose +6 192 contracts to 78 871, while heating oil’s NET LENGTH added +1 115 contracts to 18 570. NET LENGTH in Natural Gas futures declined -9 684 contracts to 7 894 for the week.
Gold futures’ NET LENGTH plunged -9 324 contracts to 268 872 while silver futures’ NET LENGTH fell -2 510 contracts to 54 779. For PGMs, NET LENGTH of Nymex platinum futures gained +1 124 contracts to 25 829 while that for palladium added +112 contracts to 2 714.
