2 Dec 2014
CFTC weekly report for commodities – TDS
FXStreet (Barcelona) - The TD Securities Research Team highlights the key points from the CFTC commitment of traders report for the week ending November 25th, 2015.
Key Quotes
“Gold specs were somewhat clueless ahead of OPEC and the Swiss vote, cutting longs and shorts, and are clearly still scrambling during the recent skittish sentiment reversals.”
“Silver specs cut bearish bets heading into the holiday-shortened period of expected volatility.”
“Copper specs saw weak prices and potential negative impacts from oil as an opportunity to build record shorts.”
“Crude oil positions were mixed going into the OPEC meeting last week, befitting market expectations of the event. WTI specs reduced short positions more than longs, while Brent specs increased both long and short positions in equal weighting.”
Key Quotes
“Gold specs were somewhat clueless ahead of OPEC and the Swiss vote, cutting longs and shorts, and are clearly still scrambling during the recent skittish sentiment reversals.”
“Silver specs cut bearish bets heading into the holiday-shortened period of expected volatility.”
“Copper specs saw weak prices and potential negative impacts from oil as an opportunity to build record shorts.”
“Crude oil positions were mixed going into the OPEC meeting last week, befitting market expectations of the event. WTI specs reduced short positions more than longs, while Brent specs increased both long and short positions in equal weighting.”