Fund positions in futures contracts

05/20/2024 15:05 *Position changes of leveraged funds in futures contracts between May 7-14. Net long (BUY) positioning in WTI oil contracts increased by 14%. Net short (SELL) positioning in natural gas decreased significantly. Comment: When I look at the price movement of May 15-17, the data we will receive this week will show a transition to net long. Net long positions in gold and silver contracts are approaching the "highest" levels of the last year. Comment: When I look at the price movement of May 15-17, the data we will receive this week will show the highest "net long" positioning in the last year. Real returns and the current level of the dollar index do not indicate a continuation of the price increase in precious metals. Geopolitical risks are the main reason for the increases. Hedge funds are increasing net long positioning on the copper side. Net long positioning has reached 2021 levels. Comment: Profit taking risks are increasing. Net short positioning has increased in sugar contracts. EUR net short positioning decreased by 34%.