Alerts

Oil – US Crude IG Shopper Sentiment: Our information reveals merchants are actually net-long Oil – US Crude for the primary time since Dec 04, 2019 when Oil – US Crude traded close to 5,816.10.

Oil - US Crude Client Positioning

Variety of merchants net-short has decreased by 23.24% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Oil – US Crude

BEARISH

51.21%

48.79%

31.58%
Every day

75.91%
Weekly

-2.12%
Every day

-23.24%
Weekly

12.66%
Every day

7.90%
Weekly

Oil – US Crude: Retail dealer information reveals 51.21% of merchants are net-long with the ratio of merchants lengthy to brief at 1.05 to 1. Actually, merchants have remained net-long since Dec 04 when Oil – US Crude traded close to 5,816.10, value has moved 9.22% greater since then. The variety of merchants net-long is 31.58% greater than yesterday and 75.91% greater from final week, whereas the variety of merchants net-short is 2.12% decrease than yesterday and 23.24% decrease from final week. We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Oil – US Crude costs could proceed to fall. Our information reveals merchants are actually net-long Oil – US Crude for the primary time since Dec 04, 2019 when Oil – US Crude traded close to 5,816.10. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger Oil – US Crude-bearish contrarian buying and selling bias.


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