Mumbai (Commoditiescontrol): Commitment of Traders Report – 13 February 2016
Introduction
Commitment of Traders Report was released yesterday 12 February 2016. Positions reported are as on 9 February 2016
Rounding off errors may be present in calculations
Crude Oil – NYMEX
NYMEX Crude Oil
|
Total Open Interest
|
Total Open Interest Futures Only
|
Total Open Interest Options Only
|
Percentage of Futures in Open Interest
|
Percentage of Options in Open Interest
|
|
2717026
|
1854379
|
862647
|
68.25
|
31.75
|
Total open interest in futures accounted for 68.25 percent of total open interest while options accounted for 31.75 percent of the total open interest.
NYMEX Crude Oil
|
Total Open Interest
|
Percentage Change
|
Total Reportable
|
Open Interest
|
|
|
|
|
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net (Long-Short)Prev Week
|
All
|
2717026
|
1.82
|
40037
|
45093
|
-17667
|
-12611
|
Total open interest increased by 1.82 percent for week ended 5th February. Addition to both long and short positions were seen with short positions outnumbering addition to long positions. Market was net short with short positions increased week on week.
NYMEX Crude Oil
|
Commercials
|
Open Interest
|
Hedgers
|
Swap Dealers
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net Spreading Positions
|
All
|
-9941
|
3772
|
-251542
|
12203
|
143
|
-20118
|
6188
|
Hedgers reduced long positions and added to short positions last week and were net short. Overall number of short positions increased week on week.
Swap dealers were net short in the market and added to all three categories – long, short and calendar spread positions. Addition to long positions was large while addition to short positions was very small. Overall the difference between long and short positions reduced week on week.
NYMEX Crude Oil
|
Non-Commercials
|
Open Interest
|
Managed Money
|
Other Reportable
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net Spreading Positions
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net Spreading Positions
|
All
|
1152
|
-4151
|
110487
|
24328
|
4557
|
13262
|
143507
|
1550
|
Managed money was net long and added to its long positions. Short positions were reduced while large number of calendar spread positions was added. Week on week difference between long and short positions increased favouring the longs while addition to calendar spread positions continued to be large.
Other reportable positions continued with the trend seen the previous week. Addition was made into all three categories – long, short and calendar positions. Only the quantity of additions this week was smaller than the previous. Overall addition to short positions was more than that of long positions reducing the difference between long and short positions. This segment continued to be net long.
NYMEX Crude Oil
|
Non- Reportable Positions
|
Open Interest
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
All
|
8607
|
3552
|
17666
|
Non reportable positions continued to be net long. Addition to short positions showed a remarkable increase but increase in long positions outnumbered the addition to short positions.
Percentage of Open Interest Held by 4 or Less Traders
|
|
Long
|
Short
|
All
|
10.7
|
5.3
|
4 or less large traders continued to have larger long positions. Week on week marginal reductions to long positions and addition to short positions were seen.
Source: CFTC
Outlook
Calendar spread positions continued to draw maximum attention indicating that market participants were investing their money in arbitrage arising out of lack of direction in prices. Net short position increase was due to hedgers and other reportable segment increasing shorts. Managed money did decrease short positions but increase in long positions was not encouraging. Thus prices continue to be with a downward bias to trading in a range.
(By Commoditiescontrol Bureau; +91-22-40015523)