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.