COT update: Energy strength underpins crops as precious metals demand soften | Metals Mine

  • COT update: Energy strength underpins crops as precious metals demand soften

    From home.saxo

    The latest report, covering the week to 21 April, captured a wait-and-see period as traders and investors awaited news from the Middle East, where a ceasefire was observed while Iran and the US both maintained a blockage at sea seriously limiting flows of energy, metals and other key commodities from the Persian Gulf. While the dollar traded a tad firmer, speculators in the FX market sold the USD for a second week. Overall, the gross dollar long against eight IMM futures contracts was reduced by 20% to USD 11.7 billion from a 14-month high at the beginning of April. Flows were mixed but mostly geared towards net ... (full story)

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