Variety of merchants net-short has decreased by 0.62% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 0.62% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Oil – US Crude |
BEARISH |
50.14% |
49.86% |
16.33%
49.44% |
-3.07%
-0.62% |
5.78%
19.44% |
Oil – US Crude: Retail dealer information reveals 50.14% of merchants are net-long with the ratio of merchants lengthy to quick at 1.01 to 1. Actually, merchants have remained net-long since Could 24 when Oil – US Crude traded close to 6,606.90, worth has moved 3.85% greater since then. The variety of merchants net-long is 16.33% greater than yesterday and 49.44% greater from final week, whereas the variety of merchants net-short is 3.07% decrease than yesterday and 0.62% 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 could proceed to fall.
Our information reveals merchants at the moment are net-long Oil – US Crude for the primary time since Could 24, 2021 when Oil – US Crude traded close to 6,606.90. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger Oil – US Crude-bearish contrarian buying and selling bias.
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