Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US


Oil - US Crude Client Positioning

Number of traders net-short has decreased by 13.89% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Oil – US Crude

BEARISH

50.42%

49.58%

29.92%
Daily

28.34%
Weekly

-8.69%
Daily

-13.89%
Weekly

7.41%
Daily

3.24%
Weekly

Oil – US Crude: Retail trader data shows 50.42% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Sep 15 when Oil – US Crude traded near 7,247.30, price has moved 11.24% higher since then. The number of traders net-long is 29.92% higher than yesterday and 28.34% higher from last week, while the number of traders net-short is 8.69% lower than yesterday and 13.89% lower 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 Sep 15, 2021 when Oil – US Crude traded near 7,247.30. 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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