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27 Feb 2015
CFTC Commitment of Traders Report - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CFTC Commitment of Traders Report for week ending February 24th.
Key Quotes:
"Gold specs exited further from long positions as weaker US data lends credence to the latest dovish sounding Fed meeting Minutes."
"Silver specs were a little more timid about cutting longs as they seem to have more conviction in higher prices."
"Platinum specs drove positioning to record short side exposure, betting that a breakdown in technical support would accelerate downside."
"Palladium specs added net length anticipating that greater US/China auto sales will drive large deficits and keep prices trending higher."
"Copper specs reversed a bit of bearishness, anticipating that production losses would tighten the market."
"Crude oil investors were mixed. WTI specs further increased short positions more than longs as net positions continue to flatten on bearish local inventories. Brent spec decreased short positions more than longs on endemic supply disruptions."
"Persistently cold weather has natural gas specs cover short positions, similar to heating oil investors."
"Gasoline specs increased short positions and decreased long positions in line with feedstock crude pricing."
Key Quotes:
"Gold specs exited further from long positions as weaker US data lends credence to the latest dovish sounding Fed meeting Minutes."
"Silver specs were a little more timid about cutting longs as they seem to have more conviction in higher prices."
"Platinum specs drove positioning to record short side exposure, betting that a breakdown in technical support would accelerate downside."
"Palladium specs added net length anticipating that greater US/China auto sales will drive large deficits and keep prices trending higher."
"Copper specs reversed a bit of bearishness, anticipating that production losses would tighten the market."
"Crude oil investors were mixed. WTI specs further increased short positions more than longs as net positions continue to flatten on bearish local inventories. Brent spec decreased short positions more than longs on endemic supply disruptions."
"Persistently cold weather has natural gas specs cover short positions, similar to heating oil investors."
"Gasoline specs increased short positions and decreased long positions in line with feedstock crude pricing."