Hedge funds» netlongposition on Brent hit an all - time high of more than 584,000 contracts recently, according to ICE Futures Europe and reported by Bloomberg.
The following weekly chart shows that the total speculative net - longposition in Comex gold futures hit an all - time high in July of 2016 (the chart only covers the past three years, but I can assure you that it was an all - time high).