6 August
United States. CFTC Aluminium speculative net positions. The value of the indicator has increased from 1.3K to 1.5K
A report on this calendar event is released weekly by the CFTC Commitment of Traders.
The present indicator reflects the difference between the volumes of long and short positions on aluminum in the United States opened by speculators (non-profit traders).
The dynamics of aluminum futures is an indicator of strength for several days.
The indicator does not have a strong impact on aluminum quotes and is considered by analysts in conjunction with other indicators.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of Aluminium.
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