FXStreet (Guatemala) – Analysts at TD Securities offered the CFTC Commitments of Traders Report for commodities for the week ending Tuesday, May 12th.

Key Quotes:


“Gold specs turned further into building net length hoping that US data would continue to disappoint, and drive Fed hike expectations further out.”


“Despite weakening industrial demand prospects, silver specs took cues from strengthening gold demand and cut short positions.”


“Platinum investors positioned net short as prices slid down amid moderating prices and demand concerns.”


“Specs also moved their palladium positions toward the shorts as Chinese economic data disappointed.”


“Copper specs increased their long exposure aggressively on the hope improving global demand and labour strife will tighten the market.”


“Crude oil specs were mixed as WTI investors cut long positions more than shorts on shifting sentiment, while Brent investors added to long positions and decreased shorts.”


“Three consecutive weeks of smaller-than-consensus injections prompted natural gas specs to heavily increase long positions.”


“Gasoline and heating oil positions were little changed as inventories decreased, but remain healthy.”