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Market News Interpretation of CFTC commodity positions: Hedge funds increase their net long bets on gold and crude oil (the week of June 7)

Interpretation of CFTC commodity positions: Hedge funds increase their net long bets on gold and crude oil (the week of June 7)

Huitong.com CTFC position data: The report released by the U.S. Commodity Futures Trading Commission (CFTC) on June 10 showed that the net long position of the hedge fund COMEX gold futures increased by 7,100 contracts to 69,768 in the week from June 1 to June 7. contracts; based on ICE data, hedge funds increased their net long positions in Brent and WTI crude oil by 16,257 contracts to 508,528 contracts, the most in 14 weeks.

2022-06-11
9874
1. According to data from the U.S. Commodity Futures Trading Commission (CFTC), as of the week from June 1 to June 7, the net long position of hedge fund COMEX gold futures increased by 7,100 contracts to 69,768 contracts; of which, only long positions were in The week ended June 7 increased by 2,742 contracts to 128,491 contracts; short-only positions decreased by 4,358 contracts to 58,723 contracts, and short positions were the lowest in six weeks.

2. U.S. Commodity Futures Trading Commission (CFTC) data show that as of June 1st to June 7th, the net long position of hedge fund COMEX silver futures increased by 4423 contracts to 7620 contracts, the highest level in nearly five weeks ; Among them, only long positions increased by 84 contracts to 41214 contracts;
Short positions fell by 4,339 contracts to 33,594 contracts, the lowest in five weeks.

3. Data from the Intercontinental Exchange (ICE) and the U.S. Commodity Futures Trading Commission (CFTC) showed that the net long positions in Brent and WTI crude oil increased by 16,257 contracts in the week to June 7 to 16,257 lots. 508,528 contracts, the net long position was the largest in 14 weeks; of which only long positions increased by 17,711 contracts to 603,630 contracts, and the total long contract open interest hit the highest level in 14 weeks; only short positions increased by 1454 contracts to 95,102 contracts (Note : Positions are based on an index of four contracts, one for each of the two oil grades traded by Nymex and ICE).

As of the week from June 1 to June 7, the net long position of the hedge fund New York Mercantile Exchange WTI crude oil increased by 1676 contracts to 284879 contracts, the number of net long positions was the largest in 16 weeks; of which only long positions increased by 3427 hand, to 302,985 contracts, the total open interest of long contracts hit the highest level in 14 weeks; only short positions increased by 1751 contracts to 18,106 contracts.

Attached: Changes in hedge fund net long positions in commodities for the week of June 1 to June 7 (Source: CFTC)
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