• The net spec position in the No.11 has remained relatively static, just above 30k lots long over the Christmas period.
  • We would expect the price move higher yesterday to have been caused by more significant change in spec position.
  • The Open interest in the May’2020 No.11 contract is currently at record levels.  

ICE No.11 Futures Speculative Positioning (values as of 31st December 2019)

undefined

ICE No.11 Futures Commerical Positioning (values as of 31st December 2019)

undefined

ICE No.11 Futures Open Interest (values as of 31st December 2019)

undefined

ICE Futures Europe (No.5) Speculative Positioning (values as of 31st December 2019)

undefined

ICE Futures Europe Open Interest (values as of 31st December 2019)

undefined

undefined

undefined

undefined

Oliver Chapman

More from this author