• No.11 Speculators have continued to hold a position close to the record net short. 
  • While specs on the No.5 have continued to push their record net short position lower, it now sits at -22k lots.
  • This makes both markets susceptible to spec buying causing a rally. 

ICE No.11 Futures Speculative Positioning (values as of 28th May 2019)

ICE No.11 Futures Commerical Positioning (values as of 28th May 2019)

ICE No.11 Futures Open Interest (values as of 28th May 2019)

ICE Futures Europe (No.5) Speculative Positioning (values as of 28th May 2019)

ICE Futures Europe Open Interest (values as of 28th May 2019)

Oliver Chapman

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