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THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

THE CONSENSUS REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION
Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions
    Reportable Positions     Nonreportable
Exchange   Non-Commercial Commercial** Total Positions***
and   Long or Short Long and Short Long or Short Reportable    
Commodity   Only (Spreading) Only Positions    
  Reporting Pct. Pct. Pct. Pct. Pct. Pct. Pct. Pct. Pct. Pct.
  Level of Mkt. Long of Mkt. Long of Mkt. Long of Mkt. Long of Mkt. Long
Natural Gas (KCBT) 100 Ctrs. 0.00 0.00 0.00 50 0.00 0.00 0.00 0.00 0.00 0.00
Last Reporting Period   0.00 0.00 0.00 50 0.00 0.00 0.00 0.00 0.00 0.00
Copper No. 1 (COMEX) 100 Ctrs. 10.85 84.26 1.75 50 65.29 39.35 77.89 45.85 22.11 64.62
Last Reporting Period   12.52 73.22 1.67 50 60.77 40.21 74.95 45.94 25.05 62.16
Gold (CEI) 200 Ctrs. 17.57 55.33 9.86 50 53.51 45.20 80.95 47.99 19.05 58.56
Last Reporting Period   14.66 52.59 9.87 50 57.40 46.04 81.92 47.69 18.08 60.46
Silver (CEI) 150 Ctrs. 28.01 80.46 5.88 50 37.27 13.09 71.16 42.66 28.84 68.10
Last Reporting Period   28.89 69.85 6.54 50 35.55 18.87 70.98 42.49 29.02 68.37
Platinum (NYME) 50 Ctrs. 32.26 97.95 0.00 50 49.51 14.17 81.78 47.23 18.22 62.44
Last Reporting Period   39.03 94.79 0.00 50 48.18 8.73 87.21 47.25 12.79 68.76
Palladium (NYME) 25 Ctrs. 24.66 72.40 0.00 50 54.80 34.71 79.46 46.41 20.54 63.90
Last Reporting Period   25.92 74.89 0.00 50 55.27 33.89 81.18 46.98 18.82 63.05
Heating Oil No. 2 (NYMEX) 250 Ctrs. 6.47 71.29 6.15 50 58.68 43.43 71.30 46.52 28.70 58.65
Last Reporting Period   7.58 74.99 4.82 50 59.83 41.60 72.24 45.67 27.76 61.27
Natural Gas (NYME) 100 Ctrs. 6.78 34.69 5.62 50 72.40 50.30 84.80 49.03 15.20 55.40
Last Reporting Period   5.64 40.61 6.17 50 73.50 49.27 85.30 48.75 14.70 57.24
Crude Oil L/S (NYMEX) 300 Ctrs. 6.75 75.42 4.11 50 71.61 46.42 82.47 48.97 17.53 54.84
Last Reporting Period   7.33 72.08 4.21 50 70.15 47.45 81.69 49.79 18.31 50.92
Unleaded Gas (NYMEX) 150 Ctrs. 8.30 96.48 6.30 50 67.74 43.05 82.34 48.97 17.66 54.80
Last Reporting Period   10.72 95.08 7.73 50 65.26 41.78 83.71 49.36 16.29 53.29
Propane Gas (NYMEX) 25 Ctrs. 0.00 0.00 0.00 50 76.28 47.14 76.28 47.14 23.72 59.19
Last Reporting Period   0.00 0.00 0.00 50 83.46 46.85 83.46 46.85 16.54 65.92
* Reporting positions as of November 30, 1999. ** Futures contracts used for hedging. *** Positions that are below the reporting levels.
* Released from Commodity Futures Trading Commission on December 3, 1999.
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