COPPER

Summary Weekly Table

The week ending November 22 highlights:

SPECULATOR: a decrease in the long positions (buy) of -2.07% while the short positions (sell) fell by 5.72%. Net positions stood at 35,286 lots, a sharp rise of about 31% compared to last week

COMMERCIAL: the long positions fell to 144,2952 (-3.26%), while short positions fell by 1.26%. Net positions stood at -35,798 lots, up 7.55%.

Total Net Positions still show a negative value at -513 lots in favour of COMMERCIAL, but with a considerable improvement (+28.50%).

The COT index rose to 28.50%.

SUMMARY: Total Net Positions are still in a negative area, but in a decided improvement compared to last week (+28.50%), thanks to the strong liquidation of the short positions of SPECULATORS (-5.72%). Keep the situation under control because a positive return may give a first bullish signal in the medium term.

Lme Copper – Chart Net Positions Speculator VS Net Positions Commercial

Lme Copper – % Weekly Change Bullish/Bearish Positions

C.O.T. Index


ALUMINIUM

Summary Weekly Table

The week ending November 22 highlights:

SPECULATORa decrease of 2.75%0.51% in the long positions (buy), while the short positions (sell) fell by a further 2.16%. Net positions fell to 159,084 lots, down 4.83% from last week.

COMMERCIALthe long positions slightly increased to 299,931 (+0.15%), while the short position decreased by 0.94% (453,476), with the Net Positions at -153,545 lots (-3.00%).

Total Net Positions fell to 5,539 lots, down 44% from last week, but still positive.

The COT index is slightly down at 44.56%.

SUMMARY: Total Net Positions, still in a positive area (5,539 lots), show a decrease compared to last week. In a few weeks, a stabilization of the C.O.T. in the positive area should be evaluated in order to obtain first indications of medium term.

Lme Alluminium – Chart Net Positions Speculator VS Net Positions Commercial

Lme Aluminium – % Weekly Change Bullish/Bearish Positions

C.O.T. Index


ZINC

Summary Weekly Table

The week ending November 22 highlights:

SPECULATORa decrease of -2.64% in the long positions (buy), while the short (sell) positions fell by 1.44%. The Net positions remained stable at 55,621 lots

COMMERCIAL: the long positions fell to 87,017 (+-5.32%), while the short positions fell by 7.18%. The Net Positions stood at -49,125 lots, down 10.30% from last week.

Total Net Positionsrose sharply by more than 10%, reaching 6,496 lots, in favour of SPECULATORS

The COT index rose to 69.53%.

SUMMARY: the total Net Positions show a marked increase compared to the previous week, remaining in a positive area. The liquidation by COMMERCIAL of long contracts (-5.32%) has favoured an excellent rebound of Total Net Positions. First good signal to review the prices of zinc back in place.

Lme Zinc – Chart Net Positions Speculator VS Net Positions Commercial

Lme Zinc – % Weekly Change Bullish/Bearish Positions

C.O.T. Index

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