Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Aug 02, 2021 when Oil

  


Oil - US Crude Client Positioning

Number of traders net-short has increased by 22.34% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Oil – US Crude

BULLISH

48.50%

51.50%

-19.28%
Daily

-17.65%
Weekly

29.44%
Daily

22.34%
Weekly

0.13%
Daily

-0.98%
Weekly

Oil – US Crude: Retail trader data shows 48.50% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Aug 02 when Oil – US Crude traded near 7,092.50, price has moved 1.03% lower since then. The number of traders net-long is 19.28% lower than yesterday and 17.65% lower from last week, while the number of traders net-short is 29.44% higher than yesterday and 22.34% higher from last week.

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

Our data shows traders are now net-short Oil – US Crude for the first time since Aug 02, 2021 when Oil – US Crude traded near 7,092.50. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias.





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