Weekly CoT Update for Euro, Crude Oil, and Other Major Contracts

CoT Highlights:

  • Euro large specs shortest again since March 2017
  • Sellers show up in crude oil for an 8th week in a row
  • Large speculator profiles for other major currencies/markets

See theIG Client Sentiment pagefor a timelier look at sentiment in major currencies and markets.

Due to the Thanksgiving holiday in the U.S., last week’s report wasn’t released until yesterday, an occurrence which happens a couple of times a year around holidays. There weren’t any significant one-week changes to take note of, for the most part a continuation of prior themes. The short position held by large speculators in the Euro grew to its largest since March of last year while the same group of traders continued to hit the bid in crude oil.

On Fridays (most weeks) the CFTC releases a detailed report of traders’ positioning in the futures market as reported for the week ending on Tuesday. Outlined in the table below are key stats concerning the positioning of large speculators (i.e. hedge funds, CTAs, etc.), excluding small speculators and commercial traders.

‘Large specs’ are known to typically employ trend-following strategies, and as such, they tend to

Article source: https://www.dailyfx.com/forex/technical/article/cot/2018/11/27/Weekly-CoT-Update-for-Euro-Crude-Oil-and-Other-Major-Contracts-PRtech.html