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4 May 2015
Commodities CFTC Report - 4th MAy - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered their Commodities CFTC Report.
Key Quotes:
"Gold specs took on long and short positions, with disappointing US data comforting the bulls, while the bears continue to expect rate hikes right around the corner."
"Silver specs also added to both sides, but have taken a decidedly more bearish view on the metal, assuming a weaker US economy will impact industrial demand."
"Continued concern surrounding global autocatalyst demand and a slide in prices prompted specs to build platinumshorts at more than double the rate as long exposure."
"In contrast to their platinum positioning, palladium investors tilted their exposure towards the longs amid China stimulus hopes."
"After a robust rally, copper specs moved decisively into the net short positioning as price approached strong technical resistance."
"Crude oil futures were mixed as WTI specs reduced long positions more so than shorts on concerns regarding high storage levels while Brent specs added more to longs as tensions in the Middle East and a weaker dollar provided the necessary incentives."
"The bearish theme continues in natural gas markets, with reductions in long positions equally as large as the builds in shorts, as large storage injections are expected to bloat inventories."
"Gasoline and distillate specs moved with the Brent market, increasing long positions and reducing shorts."
Key Quotes:
"Gold specs took on long and short positions, with disappointing US data comforting the bulls, while the bears continue to expect rate hikes right around the corner."
"Silver specs also added to both sides, but have taken a decidedly more bearish view on the metal, assuming a weaker US economy will impact industrial demand."
"Continued concern surrounding global autocatalyst demand and a slide in prices prompted specs to build platinumshorts at more than double the rate as long exposure."
"In contrast to their platinum positioning, palladium investors tilted their exposure towards the longs amid China stimulus hopes."
"After a robust rally, copper specs moved decisively into the net short positioning as price approached strong technical resistance."
"Crude oil futures were mixed as WTI specs reduced long positions more so than shorts on concerns regarding high storage levels while Brent specs added more to longs as tensions in the Middle East and a weaker dollar provided the necessary incentives."
"The bearish theme continues in natural gas markets, with reductions in long positions equally as large as the builds in shorts, as large storage injections are expected to bloat inventories."
"Gasoline and distillate specs moved with the Brent market, increasing long positions and reducing shorts."