Summary: Portfolio managers raised their
net long position in Brent by 10m barrels to a record 544m barrels in the week ending on December 12
Hedge funds cut their
net long position in the three main futures and options contracts linked to Brent and West Texas Intermediate (WTI) by 97 million barrels in the week to May 2.
The combined impact of these changes is that hedge funds and other money managers increased their
net long position in crude futures and options by a modest 26mn barrels to 555mn barrels.
Hedge funds and other money managers cut their
net long position in Brent and WTI futures and options by 31 million barrels to 453 million in the week ending on July 19.
Over the same period, hedge funds and other money managers raised their
net long position in US crude futures from the equivalent of 258 million barrels to a record 401 million.
The Commitments of Traders Futures and Options report as of October 2nd for Silver showed Non-Commercial traders were
net long 42,948 contracts, an increase of 4,748 contracts.
As of February 28,
net long silver positions, which are the difference between total long positions and total short positions, had increased by more than two-fold from end-2011.
According to the (US) Commodity Futures Trading Commission's Commitment (CFTC) of Traders report,
net long positions for gold and silver increased 373,000 ounces and 9.
Implications: bullish Japanese Yen JPY: Speculators are
net long Yen and commercials net short Yen.
This can be a potential double-whammy for some films--such as Star Wars: The Phantom Menace--released on different dates around the world--but which can be downloaded via the
Net long before local theatrical release.
Hedge funds cut their
net long position in the main crude futures and options contracts by 63 million barrels, 10 per cent, in the week to June 14, as the rally in oil prices showed signs of running out of steam.
