USD Strength & Commodity Selling Bias — COT Data
Speculative dollar longs are surging while euro selling accelerates; managed money remains net sellers in commodities despite a weekly bounce, per the latest COT reports to October 6.
What we know
An account on X highlighted that speculative dollar longs rebuilt rapidly into the COT week ending 6 October even as the Bloomberg Dollar Index paused — a bullish divergence. On commodities, another account on X noted that despite a 1.2% index bounce, managed money stayed net short across the complex, signalling the rebound has not yet changed the broader positioning narrative.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.