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Gold net bullish positions rose for 7th week

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The latest Commitment of Traders (COT) data shows speculators boosted their net bullish positions in Gold last week for a 7th straight week.

    The non-commercial contracts of crude oil futures witnessed a change of +22,397 contracts to total a net position of +174,810 contracts in the data reported for March 8th. Long positions advanced by 29,709 contracts, while short positions rose by 7,312 contracts. Speculator positions are now at their highest bullish level since February 3rd 2015.

    The commercials, hedgers or traders engaged in buying and selling for business purposes, pushed their overall bearish positions higher to a net total position of -195,372 contracts.
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