S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators decreased their bullish net positions in the S&P500 Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 226,792 contracts in the data reported through Tuesday October 16th. This was a weekly fall of -29,027 contracts from the previous week which had a total of 255,819 net contracts.
The speculative bullish position had risen for four straight weeks and by +133,599 contracts over that time-frame before this week’s decline. The current standing remains highly bullish and above the +200,000 net contract level for a third straight week.
S&P500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -245,407 contracts on the week. This was a weekly rise of 29,008 contracts from the total net of -274,415 contracts reported the previous week.
S&P500 Mini Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 Mini Futures (Front Month) closed at approximately $2817.75 which was a fall of $-70.50 from the previous close of $2888.25, according to unofficial market data.