The #Steel# #Futures...from InvestMacro

The #Steel# #Futures# large speculator standing this week recorded a net position of -5,299 contracts in the data reported through Tuesday. This was a weekly increase of 12 contracts from the previous week which had a total of -5,311 net contracts.

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The Silver Comex Futures large speculator standing this week was a net position of 60,431 contracts in the data reported through Tuesday. This was a weekly reduction of -5,924 contracts from the previous week which had a total of 66,355 net contracts. This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 92.5 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bullish with a score of 76.1 percent. Price Trend-Following Model: Strong Uptrend Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

InvestMacro

The Gold Comex Futures large speculator standing this week was a net position of 278,653 contracts in the data reported through Tuesday. This was a weekly decrease of -17,551 contracts from the previous week which had a total of 296,204 net contracts. This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 86.0 percent. The commercials are Bearish-Extreme with a score of 13.0 percent and the small traders (not shown in chart) are Bullish with a score of 61.2 percent. Price Trend-Following Model: Uptrend Our weekly trend-following model classifies the current market price position as: Uptrend.

InvestMacro

Speculators push Japanese Yen bearish bets to highest since 2007 This week’s yen net position of -162,151 contracts marks the most bearish level since July 26th of 2007 (near the beginning of the Global Financial Crisis) when the net positions were all the way down to -188,077 contracts. The yen speculative position has now been over the -100,000 contract level for nine straight weeks and, overall, the speculator standing has been in a continuous bearish level since March of 2021. This amounts to a total of 161 straight weeks of bearish positions.

InvestMacro