iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Speculators Get Bullish on Commodities for the First time in Two Months

“Speculators raised bullish commodity wagers for the first time since early October as signs of improving economic growth in the U.S. and China pushed prices higher for three straight weeks.

Hedge funds and other money managers increased combined net-long¬†positions¬†across 18 U.S. futures and options by 9.6 percent to 846,321 contracts in the week ended Nov. 20, Commodity Futures Trading Commission data show. That was the biggest gain since mid-August. Corn holdings rose the most since July, and those on silver reached a five-week high.”

Full article

 

If you enjoy the content at iBankCoin, please follow us on Twitter