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  • Article / 27 December 2017 at 12:17 GMT

    COT: Funds cutting bullish bets ahead of year-end

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Funds cutting bullish bets ahead of year-end
    Hedge funds continued to sell agricultural commodities in the week to December 19 according to data from the weekly COT report. The near-record crude oil long was reduced while gold was bought in the aftermath of the long-awaited US rate hike. The copper long jumped 61% on supply disruptions, both in South America and not least in China.
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  • Article / 04 December 2017 at 8:48 GMT

    COT: Oil jumps to record; Gold traders wrong-footed

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil jumps to record; Gold traders wrong-footed
    Hedge funds were net-buyers across 26 commodities futures in the week to November 28. All sectors were net bought with the top five being WTI crude oil, gold, soybean meal, cotton and corn. At the other end of the scale we find natural gas, soybean oil and wheat.
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  • Article / 06 November 2017 at 8:26 GMT

    COT: Oil longs most stretched since March

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs most stretched since March
    Hedge funds continued the rotation out of grains and metals into energy during the week to October 31. The combined net-long across oil and products jumped to their highest since February, especially driven by strong oil demand. Outside oil and products major reductions were seen in natgas, silver, corn and wheat while sugar and cattle were bought.
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    06 November
    matsuri matsuri
    "this is madness" - it is how I can describe the situation on oil. I am waiting for the trigger to bring oil down back towards $50...
  • Article / 03 November 2017 at 14:04 GMT

    WCU: Oil maintains momentum; gold finding support

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Oil maintains momentum; gold finding support
    Commodities powered to an eight-month high thanks to continued rallies by energy and industrial metals despite this being a week that was packed to the brim with risk events. Brent crude reached and breached the psychologically important $60/b level for the first time since 2015 while silver outshone gold.
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    03 November
    Daniel CN Daniel CN
    What about the macro call for oil dropping to 25 USD/barrel? Still in place even with huge headwinds to evs and current priceaction?
    06 November
    chi2015 chi2015
    great stuff Ole
  • 03 November
    Bluesboy2 Bluesboy2
    Roared back last night.
    03 November
    Morten Olby Morten Olby
    What now Ole, did you call the trade off to early? Roared back to 126 yesterday.
    03 November
    Ole Hansen Ole Hansen
    Hi Morten. In hindsight the stop was placed too close but as I mentioned in the trade idea this was a counter trend idea with a high...
  • Trade view / 31 October 2017 at 9:55 GMT
    Medium term
    /
    Buy

    Arabica Coffee: Rising correction risk on record short bet

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Funds currently hold a record short position in Arabica coffee. With that, we are seeing an emerging risk of traders being short by too much, too soon, and potentially at the wrong price given the current hesitancy of Brazilian growers to release stocks at prices approaching the lower end of the ten-year trading range.
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    01 November
    Ramug65 Ramug65
    Thanks for the update
    02 November
    Pablo1972 Pablo1972
    Even though i suffered yesterday intra-day; I am sticking with your trade idea. Mainly due to 2 compelling considerations: 1) The MM positioning is at (or close...
    02 November
    peter peter
    This year, coffee market is really crazy, but should move higher, sooner or later from current price.