Positioning (COT)

Managed-money positions in metals and crude from the CFTC.

This week, in one read

Gold (COMEX). Managed money in Gold fell 2,883 contracts to a net long of 104,206. Eight weeks down for a drop of 40,541 contracts. Lowest level in five months. Down 4,104 contracts y-o-y.

Silver (COMEX). Managed money in Silver fell 2,114 contracts to a net long of 3,505. Four weeks down for a drop of 9,804 contracts. Biggest drop in three weeks. Lowest level in over two years. Down 19,533 contracts y-o-y.

Platinum (NYMEX). Managed money in Platinum fell 454 contracts to a net long of 6,589. Second week down for a drop of 1,886 contracts. Lowest level in three months. Down 10,360 contracts y-o-y.

Palladium (NYMEX). Managed money in Palladium fell 1,295 contracts to a net short of 11,994. Six weeks down for a drop of 7,655 contracts. Lowest level in seventeen months. Down 10,155 contracts y-o-y.

WTI crude oil (NYMEX). Managed money in WTI crude fell 4,387 contracts to a net long of 36,187. Six weeks down for a drop of 75,544 contracts. Lowest level in nine months. Up 54,953 contracts y-o-y.