Monday, November 2, 2015

CFTC speculative positioning summary for commodities - TDS

FXStreet (Delhi) - Analysts at TD Securities offered the CFTC speculative positioning summary for week ending 27 October 2015.

Key Quotes:

“Gold specs began to trim long bets, as prices stalled at technical resistance—expect more after FOMC hawkishness.”

“Silver specs moved to record length, and will provide a volatile kick to the downside after the increase in Dec rate hike probability.”

“Platinum investors continued to add to net long bets, seeing value in a beaten up market.”

“Palladium specs jumped back into long positions, after Chinese autos saw growth in September.”

“Copper specs shifted closer to a net long market, seeing some small positive signals from China.”

“Specs materially increased short oil exposure in response to weak fundamentals and weak price dynamics.”

“Natgas investors aggressively increased their already large net short exposure as inventories moved higher and near term demand looked weak.”

“Specs moved closer to net short gasoline on weak pricing.”

“Warm-than-normal weather projections prompted investors to cut longs and grow short heating oil exposure.”
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