Alerts

Oil – US Crude IG Shopper Sentiment: Our information exhibits merchants are actually net-short Oil – US Crude for the primary time since Sep 16, 2019 when Oil – US Crude traded close to 6,177.00.

Oil - US Crude chart

Variety of merchants net-short has elevated by 48.46% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Oil – US Crude

BULLISH

49.34%

50.66%

-5.41%
Day by day

-17.36%
Weekly

20.25%
Day by day

48.46%
Weekly

6.05%
Day by day

6.57%
Weekly

Oil – US Crude: Retail dealer information exhibits 49.34% of merchants are net-long with the ratio of merchants quick to lengthy at 1.03 to 1. In truth, merchants have remained net-short since Sep 16 when Oil – US Crude traded close to 6,177.00, worth has moved 7.68% decrease since then. The variety of merchants net-long is 5.41% decrease than yesterday and 17.36% decrease from final week, whereas the variety of merchants net-short is 20.25% larger than yesterday and 48.46% larger from final week. We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests Oil – US Crude costs might proceed to rise. Our information exhibits merchants are actually net-short Oil – US Crude for the primary time since Sep 16, 2019 when Oil – US Crude traded close to 6,177.00. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger Oil – US Crude-bullish contrarian buying and selling bias.


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