Oil and Cftc

News outlets will take CFTC data  and report it in different ways.For example  Futures only, Futures and options,managed money and hedge Fund categories.Sometimes it is hard to get a true feel of What Speculators have on. But not this week . For both Brent and WTI we can say that Everyone and their brother is getting Long.WTI looks like net 44k new longs Put on,Reuters reporting That Brent net longs increased by 35k last week and Stand the most bullish since 2011.. Gasoil went from Net short to net long.I will play Contrarian Investor here and Say boat tilting too much in one direction,A correction is coming.

Gold longs near a 1 year high,Silver continued to add net longs.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.