- The No.11 speculators stopped buying back last week and increased their net short position as the market failed to breach 13c/lb.
- Conversely, in the No.5, specs have continued to buy back from their record short position to now be at flat.
- The March 2020 No.11 open interest is currently at a record high for this time in a March contract, perhaps giving specs room to increase their net short further in the coming days.
ICE No.11 Futures Speculative Positioning (values as of 8th October 2019)
ICE No.11 Futures Commerical Positioning (values as of 8th October 2019)
ICE No.11 Futures Open Interest (values as of 8th October 2019)
ICE Futures Europe (No.5) Speculative Positioning (values as of 8th October 2019)
ICE Futures Europe Open Interest (values as of 8th October 2019)
