CFTC Commitments of Traders – Gold’s Net Length Climbed Slightly as Short Positions Emerged after Weeks’ of Rally

According to the CFTC Commitments of Traders report for the week ended August 4, NET LENGTH for crude oil futures gained +3 697 contracts to 536 266 for the week. Speculative long position rose +16 930 contracts, while shorts gained +13 233. For refined oil products, NET LENGTH for gasoline increased +7 526 contracts to 57 940, while NET LENGTH for heating oil futures added +4 785 contracts to 15 471. NET SHORT for natural gas futures plunged -11 099 contracts to 7 595 contracts for the week.

Gold futures’ NET LENGTH gained +1 945 contracts to 238 746. Speculative long positions increased +9 259 contracts while shorts also added +7 314. Silver futures’ NET LENGTH rose +2 581 contracts to 29 889. For PGMs, NET LENGTH of Nymex platinum futures dropped -2 906 contracts to 19 506 while that for palladium slipped -144 contracts to 2 972.