NYMEXCrude oilFutures (USO) (USL) net long position of 596466 hands, weekly change of 51260 hands, position changes indicate that the market is looking forward to higher oil prices.

The net long position of COMEX Gold Futures (GLD) was 195084 hands, with a weekly change of 706 hands, but the weekly position change ratio was low.

Us 10Y Treasury bond futures (IEF) (TLT) net long positions changed 24773 hands per week, accounting for more than 1% of net long positions, indicating that the market has changed greatly and is more optimistic about the long position direction.

Chicago options Exchange (CBOE) VIX Index Futures (VXX) multi-single position fell by 127658 hands, the weekly change is only 25pc651, indicating that the market is not very optimistic about the rise in the VIX.

The Commodity Futures Commission (CFTC) is the regulator of the American futures and derivatives market.

According to the CFTC position report, speculative net long positions in WTI crude oil, COMEX gold and CBOT 10Y Treasuries all rose on November 14 compared with November 7, with the Cboe S & P 500 volatility Index and ICEDollar indexSpeculative net long positions declined. (photo Source: CFTC, Sina Finance)

The Futures and Derivatives position report (The Commitments of Traders, or COT), released by CFTC, is released every Friday (postponed to the next trading day if there is a holiday), and the data is up to Tuesday. The series of reports covers futures, options, swaps and other derivatives traded on NYMEX, COMEX, ICE, CBOT, Cboe and other exchanges.

According to the definition of CFTC, "Commercial" refers to the entity involved in the production, processing or sale of commodities. "Non-Commercial" usually refers to traders involved in "speculative", including asset managers such as hedge funds.

In general, investors are more concerned about net long positions (Net Positions) in the "non-commercial" section of "reportable positions" (Reportable Positions). This indicator is obtained by subtracting long positions (Long) from short positions (Short) in "non-commercial" positions, and investors are concerned about the weekly changes in this value. If the researchers pull these data to a longer time window, they can also identify the changing trend of the speculative power of the variety to a certain extent.

The data cited by clue Clues is the "Futures Only" section of the COT series of reports, that is, excluding other derivatives such as options. This is also the report caliber commonly used by mainstream financial data providers.

(clue Clues / Li Tao)