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S&P 500 Mini Non-Commercial Speculator Positions:
Large stock market speculators reduced their bullish net positions in the S&P 500 Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P 500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 122,220 contracts in the data reported through Tuesday September 11th. This was a weekly decline of -40,012 contracts from the previous week which had a total of 162,232 net contracts.
The speculative position fell by the most in four weeks and followed two weeks of rising bullish bets. The overall standing of S&P 500 Mini spec positions remains above the +100,000 contract level for a twentieth week but is currently at the lowest level of the those twenty-five weeks.
S&P 500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -252,477 contracts on the week. This was a weekly gain of 34,937 contracts from the total net of -287,414 contracts reported the previous week.
S&P 500 Mini Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P 500 Mini Futures (Front Month) closed at approximately $2889.75 which was a shortfall of $-8.50 from the previous close of $2898.25, according to unofficial market data.
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