Tuesday, January 16, 2018

"Crude Oil: Large Speculators Most Net Long Ever"

From See it Market:
The following chart and data highlight non-commercial commodity futures trading positions as of January 9, 2017.
This data was released with the January 12 COT Report (Commitment of Traders). Note that these charts also appeared on my blog.
The chart below look at non-commercial futures trading positions for crude oil. For the week, the continuous contract for WTI Crude Oil was up +4.6%.

CRUDE OIL
January 12 COT Report Spec positioning:  Currently net long 732.4k, up 64.3k.
wti crude oil cot large speculator traders most long ever_chart
Spot West Texas Intermediate crude ($64.30/barrel) Thursday rallied all the way to $64.77 – the highest since December 2014 – before sellers showed up. The session produced a shooting star. But the bulls are unlikely to give up easy.

Non-commercials are the most net long ever....MORE