News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • WTI #CrudeOil prices extend gains during Tuesday's Asia-Pacific trading session, nearing the July high at 76.95 Prices are up almost 0.9% on the day so far https://t.co/7afvVUXO27
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/vtqOrB41CF
  • Brent oil prices hit $80 per barrel for the first time since October 2018 #trading #OOTT
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/QwYndzNRVs
  • This week has started with the recovery rally in risk assets stalled and the Dollar looking down multiple barrels of fundamental threat in monetary policy and debt politics. $EURUSD is well positioned as indicator 1.1650-1.1750 https://www.dailyfx.com/forex/video/daily_news_report/2021/09/28/EURUSD-and-USDJPY-Staged-for-Breaks-as-Fed-Calculus-Shifts-US-Debt-Limit-Looms.html https://t.co/y8pFw0XRqr
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/OYWQSvNK12
  • AUD/NZD, Could This be the Turnaround? - #AUDNZD chart on @TradingView https://t.co/Hl6VSfO5R8
  • Another pleasure being on @ausbiztv with host @AusAndrewG talking about US indices, rising bond yields and $USDJPY Check out the full interview here! - https://t.co/GWWCZ7t9Tf https://t.co/WmqUvCMvpZ
  • 🇦🇺 Retail Sales MoM Prel (AUG) Actual: -1.7% Previous: -2.7% https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇨🇳 Industrial Profits (YTD) YoY (AUG) Actual: 49.5% Previous: 57.3% https://www.dailyfx.com/economic-calendar#2021-09-28
Crude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT Report

Crude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT Report

Justin McQueen, Strategist

COT Report: Analysis and Talking Points

  • Speculators Head for Exit in Bullish Oil Bets
  • Gold Longs Edging Higher Yet Again
  • Copper and Silver Downtrend Persists

The Predictive Power of the CoT Report

Oil: Hedge funds have continued to exit their bullish positioning in the Brent crude oil with net longs dropping by a sizeable 40k lots amid the capitulation in oil prices throughout May. Consequently, the ratio of long/short positioning has almost halved from over 2 weeks ago to 8:1 (Prev. 15:1) with risks of a further liquidation of long Brent positioning on the horizon.

Gold / Silver: The ongoing trade war uncertainty has seen investors remain bullish on the safe-haven gold with net longs rising 8.7k lots to 33k lots. While the downtrend in silver shows little signs of abating as bearish bets rise to highest level since October 2018.

Copper: Bearish sentiment on copper persists with speculative gross shorts hovering around the 2019 (88k) and 2018 (87.9k) peaks as tensions between the US and China continue to escalate.

Crude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT ReportCrude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT Report

FX COT REPORT

AUDUSD Sentiment Most Bearish Since 2015, GBPUSD Shorts Soar

KEY TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES