{"id":2116,"date":"2024-07-05T11:44:58","date_gmt":"2024-07-05T11:44:58","guid":{"rendered":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/?p=2116"},"modified":"2024-07-05T11:44:59","modified_gmt":"2024-07-05T11:44:59","slug":"heating-oil-and-palladium-continue-to-be-very-near-their-lowest-hwedge-fund-positions-over-the-past-year","status":"publish","type":"post","link":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/heating-oil-and-palladium-continue-to-be-very-near-their-lowest-hwedge-fund-positions-over-the-past-year\/","title":{"rendered":"Heating Oil and Palladium continue to be very near their lowest hwedge fund positions over the past year."},"content":{"rendered":"\n<p>SpreadEdge Capital specializes in seasonal spread trading across a wide variety of commodity markets. A spread trade is the simultaneous purchase and sale of the same commodity with different delivery dates. &nbsp;SpreadEdge publishes a weekly Newsletter that provides several seasonal spread trade opportunities every week.<\/p>\n\n\n\n<p><em><strong>Overview<\/strong><\/em><\/p>\n\n\n\n<p>The Commitment of Traders (COT) report, issued by the Commodity Futures Trading Commission (CFTC), offers a weekly snapshot of the positions taken by different market participants in the U.S. futures markets. This information aids traders and analysts in comprehending market sentiment and developments. &nbsp;Published every Friday at 3:30 PM Eastern Time, the COT report reflects positions held as of the previous Tuesday&#8217;s closing business hours. &nbsp;Peak Trading Research assesses the latest COT report, examining alterations in price and open interest to provide an appraisal of net fund positioning daily.<\/p>\n\n\n\n<p><em><strong>Hedge Fund Position Estimates<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/barchart-news-media-prod.aws.barchart.com\/IF\/431a9f857645b31427658287cb8d5a11\/591s7olkopu6hf1f.png\" alt=\"591 s 7 olkopu 6 hf 1 f\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/barchart-news-media-prod.aws.barchart.com\/IF\/431a9f857645b31427658287cb8d5a11\/k6tjtvl58igj16og.png\" alt=\"K 6 tjtvl 58 igj 16 og\"\/><\/figure>\n\n\n\n<p><em><strong>Heating Oil<\/strong><\/em><\/p>\n\n\n\n<p>Heating Oil ticked up slightly last week after finishing at its lowest level over the past 52 weeks the previous week. &nbsp;finish last week at its lowest hedge fund positions for the past 52 weeks. &nbsp;Hedge hunds added just over 3,000 contracts last week. &nbsp;Note that hedge funds have sold over 50,000 contracts since the high in September. &nbsp;Hedge funds have plenty of capital to add to their existing positions and can drive prices up quickly when they begin to buy.<\/p>\n\n\n\n<p><em><strong>Palladium<\/strong><\/em><\/p>\n\n\n\n<p>Palladium is likewise just off its lowest level after being at its lowest level the previous. &nbsp;Hedge funds added ~500 contracts this past week. &nbsp;Note that the range is much tighter for Palladium, so this extreme level is not nearly as significant as is with Heating Oil.<\/p>\n\n\n\n<p><em><strong>Others<\/strong><\/em><\/p>\n\n\n\n<p>Gold is just off its highest level over the past 52 weeks while Gasoline is nearing its lowest level.<\/p>\n\n\n\n<p><em><strong>Conclusion<\/strong><\/em><\/p>\n\n\n\n<p>I opened a long Heating Oil calendar spread this morning that I discussed last week. &nbsp;This is in addition to a bullish butterfly spread that was already open. &nbsp;These trades will benefit when hedge funds begin to put their excess capital to work.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/barchart-news-media-prod.aws.barchart.com\/IF\/431a9f857645b31427658287cb8d5a11\/usjhhdbmj3ayltlm.png\" alt=\"Usjhhdbmj 3 ayltlm\"\/><\/figure>\n\n\n\n<p><br><em><strong>More Information<\/strong><\/em><\/p>\n\n\n\n<p>Use coupon code \u201cSpreadEdge\u201d and get the&nbsp;<a href=\"https:\/\/spreadedgecapital.com\/products\/\">Weekly Newsletter and Daily Alerts<\/a>&nbsp;for $1 for the first month.<\/p>\n\n\n\n<p>For a limited time, you can receive my&nbsp;<a href=\"https:\/\/spreadedgecapital.com\/product\/monthly-subscription-to-the-daily-updates-services-and-spreadedge-newsletter-2\/\">Futures Training Videos<\/a>&nbsp;for free with a 3-month, 6-month, or 12-month subscription.<\/p>\n\n\n\n<p>For a FREE eBook about the&nbsp;<a href=\"https:\/\/spreadedgecapital.com\/futures-101\/\">SpreadEdge seasonal spread strategy<\/a>.<\/p>\n\n\n\n<p><em><strong>More Information<\/strong><\/em><\/p>\n\n\n\n<p>The SpreadEdge Weekly Newsletter is published every weekend and provides a broad overview of the important seasonal, technical, and fundamental indicators within the Energy, Grains, Meats, Softs, Metals and Currency markets. &nbsp;In addition, spread trade recommendations and follow-up on open trades is also provided. &nbsp;For a free copy of the Weekly Newsletter, please send an email to info@SpreadEdgeCapital.com<\/p>\n\n\n\n<p>Darren Carlat<\/p>\n\n\n\n<p>SpreadEdge Capital, LLC<\/p>\n\n\n\n<p>(214) 636-3133<\/p>\n\n\n\n<p>Darren@SpreadEdgeCapital.com<\/p>\n\n\n\n<p><a href=\"https:\/\/spreadedgecapital.com\/\">www.SpreadEdgeCapital.com<\/a><\/p>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<p>SpreadEdge Capital, LLC is registered as a Commodity Trading Advisor with the Commodity Futures Trading Commission and is an NFA member.&nbsp;Past performance is not indicative of future results. Futures trading is not suitable for all investors,&nbsp;The risk associated with futures trading is substantial.&nbsp;Only risk capital should be used for these investments because you can lose more than your original investment.&nbsp;This is not a solicitation.<br><em>On the date of publication,&nbsp;<a href=\"https:\/\/www.barchart.com\/news\/authors\/62\/darren-carlat\">Darren Carlat<\/a>&nbsp;had a position in:&nbsp;<a href=\"https:\/\/www.barchart.com\/quotes\/LOX24\">LOX24<\/a>&nbsp;. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy&nbsp;<a href=\"https:\/\/www.barchart.com\/terms#disclosure\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpreadEdge Capital specializes in seasonal spread trading across a wide variety of commodity markets. A spread trade is the simultaneous purchase and sale of the same commodity with different delivery [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,18],"tags":[],"class_list":["post-2116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inside-futures","category-metals","entry","has-media"],"_links":{"self":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/2116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/comments?post=2116"}],"version-history":[{"count":1,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/2116\/revisions"}],"predecessor-version":[{"id":2118,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/2116\/revisions\/2118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media\/2117"}],"wp:attachment":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media?parent=2116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/categories?post=2116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/tags?post=2116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}