Number of traders net-short has increased by 8.32% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CH
Number of traders net-short has increased by 8.32% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Oil – US Crude |
BEARISH |
51.14% |
48.86% |
51.53%
18.56% |
-20.55%
8.32% |
4.99%
13.33% |
Oil – US Crude: Retail trader data shows 51.14% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Feb 28 when Oil – US Crude traded near 95.74, price has moved 22.98% higher since then. The number of traders net-long is 51.53% higher than yesterday and 18.56% higher from last week, while the number of traders net-short is 20.55% lower than yesterday and 8.32% higher 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 Feb 28, 2022 07:00 GMT when Oil – US Crude traded near 95.74. 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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