For the uninitiated these are the shorts/long holding contracts to sell/buy for contracts of 5,000 oz/contract. The report is released every TUESDAY, so it is not including 6/27-6/29.
This chart appears very bullish as the shorts (Commercials, red bars) have pretty much bottomed-out at 13,100 contracts since at least June of last year! The selling appears pretty much exhausted as the longs (large speculators, blue bars) are down to annual lows of 6,200.
So, a simplified summation would be when the red & blue bars come cose to meeting in the middle - the BUY signal is lit!
You can get your own and other commodities, gold, etc, here
This chart appears very bullish as the shorts (Commercials, red bars) have pretty much bottomed-out at 13,100 contracts since at least June of last year! The selling appears pretty much exhausted as the longs (large speculators, blue bars) are down to annual lows of 6,200.
So, a simplified summation would be when the red & blue bars come cose to meeting in the middle - the BUY signal is lit!
You can get your own and other commodities, gold, etc, here
