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THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
*Reporting positions as of December 16, 1997.
*Released from Commodity Futures Trading Commission on December 19, 1997.

Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions

Grains & Oilseeds | Metals & Petroleum | Financial | Food & Fiber | Livestock

Reportable Positions
Exchange & Commodity Non Comm. Long or Short Only Non Comm. Long or Short (Spreading) Comm.** Long or Short Only Total
Reportable
Positions 		Non
Reportable
Positions***
Reporting
Level		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long
Natural Gas (KCBT)
100 contracts
0
––
0
50
57.1
53.2
57.1
53.2
42.9
45.8
Last Reporting Period
0
––
0
50
50.6
52.8
50.6
52.8
49.4
47.1
Copper No. 1 (COMEX)
100 contracts
21.5
41.3
1.78
50
44.8
51.2
68.1
48
31.9
54.2
Last Reporting Period
20.6
43.3
2.82
50
45.7
48.3
69.2
46.9
30.8
57
Gold (CEI)
200 contracts
20.9
12.6
8.63
50
50.2
65.5
79.8
49.9
20.2
50.3
Last Reporting Period
20.6
12.2
8.29
50
53.8
64.4
82.7
50
17.3
50.2
Silver (CEI)
150 contracts
30.3
86.4
4.2
50
43
15.6
77.5
45.2
22.5
66.6
Last Reporting Period
29.9
85.9
4.97
50
44.5
15.9
79.4
44.4
20.6
71.6
Platinum (NYME)
50 contracts
25.2
29.3
3.27
50
49.1
54.5
77.6
46.1
22.4
63.6
Last Reporting Period
28.1
41.2
0.42
50
49.4
48.7
77.9
46
22.1
64.1
Palladium (NYME)
25 contracts
6.27
37.8
0
50
75.9
53.1
82.1
52
17.9
41
Last Reporting Period
15.2
96.4
1.99
50
64.2
38.4
81.4
49.5
18.6
52.2
Heating Oil No. 2 (NYMEX)
250 contracts
7.98
32
4.06
50
55.6
50
67.6
47.9
32.4
54.3
Last Reporting Period
3.84
51.5
2.98
50
58.5
45.6
65.3
46.2
34.7
57.2
Natural Gas (NYME)
100 contracts
6.52
37.4
7.6
50
65.9
48.9
80
48.1
20
57.8
Last Reporting Period
5.03
61.4
6.21
50
66.4
46.6
77.7
47.8
22.3
57.6
Crude Oil L/S (NYMEX)
300 contracts
9.59
14
4.23
50
63.8
57.2
77.7
51.5
22.3
44.8
Last Reporting Period
6.69
21.6
4.63
50
66.7
54
78
51
22
46.4
Unleaded Gas (NYMEX)
150 contracts
7.41
33.4
5.97
50
67.6
52.8
81
50.9
19
46.4
Last Reporting Period
––
88
4.16
50
70
46.7
––
––
––
––

*Reporting positions as of December 16, 1997.
**Futures contracts used for hedging.
***Positions that are below the reporting levels.
*Released from Commodity Futures Trading Commission on December 19, 1997.
Consensus National Futures and Financial On Line Index

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