• Specs have increased their gross short position in the No.11, meaning they now have a net short position of 123k lots.
  • This is still smaller than the record short of 189k lots set in September 2018, they could still push the market lower.
  • The No.5 spec position remains a record short having reduced slightly from last week making the market vulnerable to a short covering rally.

ICE No.11 Futures Speculative Positioning (values as of 7th May 2019)

ICE No.11 Futures Commerical Positioning (values as of 7th May 2019)

ICE No.11 Futures Open Interest (values as of 7th May 2019)

ICE Futures Europe (No.5) Speculative Positioning

ICE Futures Europe Open Interest (values as of 7th May 2019)