Oil - US Crude Client Positioning

Number of traders net-short has decreased by 33.49% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Oil – US Crude

BEARISH

77.59%

22.41%

5.68%
Daily

25.87%
Weekly

-11.27%
Daily

-33.49%
Weekly

1.34%
Daily

4.88%
Weekly

Oil – US Crude: Retail trader data shows 77.59% of traders are net-long with the ratio of traders long to short at 3.46 to 1. Our data shows traders are now at their most net-long Oil – US Crude since Aug 23 when Oil – US Crude traded near 6,315.10. The number of traders net-long is 5.68% higher than yesterday and 25.87% higher from last week, while the number of traders net-short is 11.27% lower than yesterday and 33.49% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Oil – US Crude prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bearish contrarian trading bias.





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