Commitment of Traders (COT) report analysis- CRUDE OIL Futures Only Positions as of 2020-05-26

Commitment of Traders (COT) Report – CL

The number of traders net-long is 9.54% lower from last week, while the number of traders net-short is 13.00% lower from last week.

As per contrarian view to crowd sentiment, and the fact traders are net-long suggests Oil – US Crude prices may continue to fall.

Positioning is more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Oil – US Crude trading bias.

CL-2020-05-26

cl20200526

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