Forexrobots24

forex advisor developer

Oil – US Crude IG Client Sentiment: Our data shows traders are now at their most net-long Oil – US Crude since Feb 10 when Oil – US Crude traded near 5,035.30.

Oil - US Crude Client Positioning

Number of traders net-short has decreased by 5.12% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Oil – US Crude

BEARISH

90.29%

9.71%

16.16% Daily

51.59% Weekly

-16.80% Daily

-5.12% Weekly

11.86% Daily

43.27% Weekly

Oil – US Crude: Retail trader data shows 90.29% of traders are net-long with the ratio of traders long to short at 9.30 to 1. Our data shows traders are now at their most net-long Oil – US Crude since Feb 10 when Oil – US Crude traded near 5,035.30. The number of traders net-long is 16.16% higher than yesterday and 51.59% higher from last week, while the number of traders net-short is 16.80% lower than yesterday and 5.12% 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.

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.