Number of traders net-short has decreased by 3.43% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
Oil – US Crude
Oil – US Crude: Retail trader data shows 51.49% of traders are net-long with the ratio of traders long to short at 1.06 to 1. In fact, traders have remained net-long since Jun 29 when Oil – US Crude traded near 7,317.30, price has moved 0.17% higher since then. The number of traders net-long is 19.10% higher than yesterday and 11.00% higher from last week, while the number of traders net-short is 14.38% lower than yesterday and 3.43% 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 Jun 29, 2021 14:00 GMT when Oil – US Crude traded near 7,317.30. 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.
element inside the element. This is probably not what you meant to do!