The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows that "smart money" hedgers were pretty quiet with few new extremes this week. They moved to a record long position in 30-year Treasury bonds, and also got a little longer 10-year notes, but remain far from a positive extreme there. They're now holding their lowest short exposure against unleaded gas, a contract they've never been net long. The Backtest Engine shows there have been 32 weeks when they held less than 11% of the open interest net short, and the contract was higher 6 months later after all 32 weeks. They reduced their shorts against stocks a bit, but nothing too notable there. They pulled back a little from massive short exposure against agriculture and commodities in general but continue to hold big bets against them.
