COT: Ongoing expansion in energy sector longs, metals mixed
- There has been an ongoing expansion in longs in the energy sector
- Gold was bought for the first time in eight weeks
- The US dollar short was reduced on broad-based IMM futures selling
By Ole Hansen
The delayed COT reports from the the Commodity Futures Trading Commission that was released on Monday night showed a continued expansion in longs across the energy sector. Metals were mixed with gold being bought for the first time in eight weeks.
In forex, the dollar short was reduced even further on broad-based IMM futures selling, with euro the exception.
– Edited by Robert Ryan
Ole Hansen is head of commodity strategy at Saxo Bank.