2 May | Oil

United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 171K to 177.2K

A report on this calendar event is released weekly by the CFTC Commitment of Traders.

The presented indicator reflects the difference between the volumes of long and short crude oil positions in the United States opened by speculators (non-profit traders).

Crude oil is one of the most important raw material assets on the world market. So the dynamics of futures on it is an indicator of strength for several days.

The indicator does not have a strong impact on oil 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 WTI, Brent.

MarketCheese MarketCheese
Gold sell
Period: 09.05.2025 Expectation: 10500 pips
Weakening gold demand to drive prices down to $3,200
30 April 2025 237
Period: 06.05.2025 Expectation: 1100 pips
US GDP and labor market reports could push EURUSD back toward 1.15 level
30 April 2025 102
Period: 03.05.2025 Expectation: 1305 pips
Nvidia is approaching resistance amid positive expectations
30 April 2025 48
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 07.05.2025 Expectation: 1944 pips
USDCAD downtrend continues amid easing auto tariffs
30 April 2025 59
Period: 09.05.2025 Expectation: 4000 pips
Consolidation above 290 level will accelerate Tesla's recovery
29 April 2025 97
Period: 25.05.2025 Expectation: 3330 pips
Selling AUDUSD to 0.6090 following Bearish 5-0 pattern activation
29 April 2025 61
Go to forecasts