Variety of merchants net-short has decreased by 3.43% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 3.43% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Oil – US Crude |
BEARISH |
51.49% |
48.51% |
19.10%
11.00% |
-14.38%
-3.43% |
0.11%
3.49% |
Oil – US Crude: Retail dealer information exhibits 51.49% of merchants are net-long with the ratio of merchants lengthy to quick at 1.06 to 1. The truth is, merchants have remained net-long since Jun 29 when Oil – US Crude traded close to 7,317.30, worth has moved 0.17% larger since then. The variety of merchants net-long is 19.10% larger than yesterday and 11.00% larger from final week, whereas the variety of merchants net-short is 14.38% decrease than yesterday and three.43% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests Oil – US Crude costs might proceed to fall.
Our information exhibits merchants are actually net-long Oil – US Crude for the primary time since Jun 29, 2021 14:00 GMT when Oil – US Crude traded close to 7,317.30. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger Oil – US Crude-bearish contrarian buying and selling bias.
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