Oil - US Crude Client Positioning

Number of traders net-short has decreased by 40.19% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
Oil – US Crude BEARISH 51.94% 48.06%

10.99% Daily

44.11% Weekly

-11.17% Daily

-40.19% Weekly

-0.89% Daily

-14.09% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 11% -11% -1%
Weekly 44% -40% -14%

Oil – US Crude: Retail trader data shows 51.94% of traders are net-long with the ratio of traders long to short at 1.08 to 1. In fact, traders have remained net-long since Aug 30 when Oil – US Crude traded near 81.43, price has moved 3.56% higher since then. The number of traders net-long is 10.99% higher than yesterday and 44.11% higher from last week, while the number of traders net-short is 11.17% lower than yesterday and 40.19% 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.

Our data shows traders are now net-long Oil – US Crude for the first time since Aug 30, 2023 when Oil – US Crude traded near 81.43. 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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