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
Gold – COMEX
COMEX Gold
|
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
|
|
643820
|
410833
|
232987
|
63.81
|
36.19
|
Futures trade accounted for 63.81 percent of the total open interest for the week ended 5th February while options trade accounted for 36.19 percent.
COMEX Gold
|
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
|
643820
|
19.86
|
102296
|
103697
|
-6246
|
-4845
|
Total open interest increased by 19.86 percent for the week ended 5th February. Market was net short with addition to both long and short positions. Addition to shorts was more than that of longs and difference between long and short position increasing week on week.
COMEX Gold
|
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
|
7173
|
24537
|
-76849
|
2832
|
28390
|
-54782
|
19923
|
Hedgers continued with their trend from last week by adding more short positions than long. This segment was net short with number of short positions increasing week on week.
Swap dealers continued their addition of longs and shorts. Addition to shorts was ten times that of long positions. Unlike last week calendar spread saw large additions this week.
COMEX Gold
|
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
|
23751
|
-13541
|
72912
|
10873
|
11875
|
7645
|
52474
|
25870
|
Managed money continued to add long positions while reducing short positions. Calendar spread positions also saw increase this week. This segment continued to be net long.
Calendar spread positions saw the largest addition to open interest by other reportable. They also added to long and short positions with longs outnumbering shorts. This segment too continued to be net long.
COMEX Gold
|
Non- Reportable Positions
|
Open Interest
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
All
|
4391
|
2990
|
6246
|
Non reportable positions too were net long adding to longs and adding shorts.
Percentage of Open Interest Held by 4 or Less Traders
|
|
Long
|
Short
|
All
|
10.4
|
14.7
|
4 or less large traders had more concentration of short positions but both long and short positions saw reductions week on week.
Source: CFTC
Outlook
Commercials increasing short positions caused the market balance to tilt to the short side. However, non-commercials increased both long and calendar spread positions. Thus range bound trading with an upward bias would be expected in the coming days.
(By Commoditiescontrol Bureau; +91-22-40015523)