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9 May 2015
CFTC Commitment of Traders Report - TDS
FXStreet (Guatemala) - For the commodity market, Analysts at TD Securities offered the CFTC Commitment of Traders Report for the week ending May 5th, 2015.
Key Quotes:
"Gold specs aggressively cut long holdings and grew short exposure amid expectations the US employment data will point to recovery and the Fed will tighten monetary conditions later in the year."
"In sharp contrast to gold positioning, silver investors went convincingly net long, as their positioning looked too much toward a correction already."
"Platinum specs removed a tiny bit of both long and short positions, unsure about how well European auto sales would fare and what China data would signal for demand."
"Palladium specs on the short side were fearful that China stimulus measures would spur additional auto sales—nearing a full reversal of early year bearishness."
"Copper investors cut more shorts and added longs, as global inventories decline, supply curtailment announcements continue, and China demand hopes strengthen."
"Crude oil specs covered short futures exposure in response to the rally over the last few weeks as WTI specs continued to reduce shorts, while Brent specs added more to short positions than longs last week."
"Natural gas specs also heavily short-covered last week, taking profits from the currently low price environment."
"Gasoline positions were hardly changed, while heating oil specs reduced net short exposure in accordance with broader energy market sentiment and contrary to growing inventories."
Key Quotes:
"Gold specs aggressively cut long holdings and grew short exposure amid expectations the US employment data will point to recovery and the Fed will tighten monetary conditions later in the year."
"In sharp contrast to gold positioning, silver investors went convincingly net long, as their positioning looked too much toward a correction already."
"Platinum specs removed a tiny bit of both long and short positions, unsure about how well European auto sales would fare and what China data would signal for demand."
"Palladium specs on the short side were fearful that China stimulus measures would spur additional auto sales—nearing a full reversal of early year bearishness."
"Copper investors cut more shorts and added longs, as global inventories decline, supply curtailment announcements continue, and China demand hopes strengthen."
"Crude oil specs covered short futures exposure in response to the rally over the last few weeks as WTI specs continued to reduce shorts, while Brent specs added more to short positions than longs last week."
"Natural gas specs also heavily short-covered last week, taking profits from the currently low price environment."
"Gasoline positions were hardly changed, while heating oil specs reduced net short exposure in accordance with broader energy market sentiment and contrary to growing inventories."