Monday, November 9, 2015

CFTC Commitment of Traders Report, commodities - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained that the CFTC Commitment of Traders Report for the Week Ending November 3rd, 2015.

Key Quotes:

"Gold specs rapidly covered their wrong way long bets after the FOMC turned hawkish.

Silver specs were a lot less quick to follow gold lower on technical support levels—latest jobs report suggests even lower prices.

Platinum investors took profits into lower prices, seeing the S. African mining industry teetering on disaster.

Palladium specs added slightly to short positions, as prices were dragged back down by negative precious metals sentiment.

Copper specs built back net short positioning, worried that the China 5-year plan wouldn't be copper demand-boosting enough.

Specs aggressively covered their short oil exposure on wishful thinking that US weak drilling results and Libya production declines would improve the fundamental story.

Warm weather expectations and ample inventories prompted Natgas investors to cut longs and build new short positions.

Large gasoline inventory draws persuaded specs to cover their short exposure.

Heating oil investors ended the week relatively flat amid uncertainties surrounding price direction."
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