CFTC Commitments of Traders – Traders Took Profit on Gold after Failing to Break New High

New York (May 30)  According to the CFTC Commitments of Traders report for the week ended May 26, NET LENGTH for crude oil futures dropped -1 029 contracts to 542 574 for the week. Speculative long positions gained +9 217 contracts while shorts jumped +10 246 contracts. For refined oil products, NET LENGTH for gasoline dropped -1 950 contracts to 60 912, while NET LENGTH  for heating oil futures increased +1 488 contracts to 2 635. NET SHORT for natural gas futures slipped -2 958 contracts to 58 177 contracts for the week.

Gold futures’s NET LENGTH declined -13 874 contracts to 237 914. Speculative long positions fell -7 246 contracts while shorts gained +6 628. Silver futures’ NET LENGTH gained +6 261 contracts to 37 189. For PGMs, NET LENGTH of Nymex platinum futures added +1 010 contracts to 23 023 while that for palladium added +75 contracts to 720.

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