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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (23171)	12/9/2004 10:09:17 PM
From: ild	Read Replies (1) \| Respond to of 110194

<<<commercials have their highest long CL position of the year>>> Yes, but if you look at numbers that include options and futures then the commercials are still short a little CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE OPTION AND FUTURES COMBINED POSITIONS AS OF 11/30/04 \| --------------------------------------------------------------\| NONREPORTABLE NON-COMMERCIAL \| COMMERCIAL \| TOTAL \| POSITIONS --------------------------\|-----------------\|-----------------\|----------------- Long \| Short \|Spreads \| Long \| Short \| Long \| Short \| Long \| Short -------------------------------------------------------------------------------- (CONTRACTS OF 1,000 BARRELS) OPEN INTEREST: 1,075,162 COMMITMENTS 88,023 43,245 240,745 686,263 712,069 1015031 996,058 60,131 79,103 CHANGES FROM 11/23/04 (CHANGE IN OPEN INTEREST: -1,390) -2,196 415 874 6,279 -2,254 4,958 -964 -6,347 -425 PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 8.2 4.0 22.4 63.8 66.2 94.4 92.6 5.6 7.4 NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 236) 63 68 86 85 92 198 201 cftc.gov We'll have new set of numbers tomorrow.

To: Wyätt Gwyön who wrote (23171)	12/10/2004 2:30:36 AM
From: mishedlo	Respond to of 110194

greg, after this week no one can possibly have any freaking clue as to where the cots are right now. Tomorrows report willl be totally useless with all the violent commodity swings as of late. Remember, tomorrows COTs reflect as of Tuesday. In this context. USELESS IMO. We need the see the market settle down before attempting to make any rational judgements. I am pretty sure Russ would agree. Mish

To: Wyätt Gwyön who wrote (23171)	12/10/2004 4:11:19 PM
From: ild	Read Replies (1) \| Respond to of 110194

Oil backwardation has almost disappeared. Will it switch to contango? EDIT: COTs 12/07/04 cftc.gov cftc.gov