I keep hearing this spewed in the media. What data are they referencing? I'm not seeing it in COT reports. Thanks in advance.
Record # of short oil positions?
- Thread starter TradinMadMan
- Start date
https://www.yahoo.com/news/oil-prices-weaken-post-christmas-u-crude-defends-004239243--finance.html
retest of the lows since most global data will come in weak as it did in Japan.
retest of the lows since most global data will come in weak as it did in Japan.
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The downtrend[Christmas crude] favors that+ still does.I dont pay much attention to levels like polar bears taking 80% of a move, or ''news LOL'' of russian bear pretending to be a bull.LOL . But increased buy volume on front month contract, that ''bears'' watching....................................
Article says oil bounced because $600 million shorts covered in triple leveraged oil etf's.
- Oil Bears Closing $600 Million Triple-Short Fund Bet Adds To Tumult (Reuters)
- Oil Bears Closing $600 Million Triple-Short Fund Bet Adds To Tumult (Reuters)
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Good points,FHL+ good picture;TX tea horsehead or jack is not pumping.I have a slightly different take on that trend. Its not a bearish bet[TX TEA, or DWTI chart] its a bearish position+ markets are NOT gambles. I do have a REALTOR friend , he uses the world ''gamble'' to mean risk- too much risk.,LOL
As far as short covering, little long buys, some may have; its a buy off the bottom of donchian channel. Thats still a weekly chart countertrend buy, like they did @ $90, $40, LOL-traders profit not investment advice.LOL Thanks, maybe XOM needed some oil to refine, if youre XOM, good buy @40.
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How can you have a record number of shorts on a future? Wouldn't that also mean a record number of longs? Unless I guess they are excluding firms hedging and stuff of course then I guess that could make sense.
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Youre probably right.
They probably meant look @ the bear[short] volume, on TX TEA,DWTI,USO, front month contract; its like when i say look at the bear volume or sell volume, on BAC. Someone said well you have to have a buy for every sell.Actually i dont,[ i dont have to buy for a sell in a downtrend,LOL] because the trend for both of those is down.
Or some times they say sell volume, like on USO; sell volume ,has been bigger above the moving average,past 12 months. WTI {TX TEA}March buy volume+ buy price is getting longer,stronger but that is NOT a prediction. That is simply march 2017 contract price.Thanks.
Some like to pay up all[100%] the times when they buy, left coast does that all the time on gasoline+ Alaska oil