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Huge Imbalance in Crude Oil Positions
There is a giant wall of short positions held by the smart-money “commercial” traders in crude oil futures, and it is going to lead oil prices to come crashing down. Each week, the CFTC reports on the numbers of long and short positions held by futures traders. They are broken down into 3 separate groups: Commercials – Those engaged in the business related to that commodity. They are the big money, and thus presumably the smart money. Think Cargill for grains, or Goldman Sachs for financial futures. Non-Commercials – Large speculators. Think hedge funds. Non-Reportables – Those whose positions are too small ... (full story)
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- Mar 10, 2017 12:57pm Mar 10, 2017 12:57pm
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2531 Comments
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- Mar 10, 2017 1:39pm Mar 10, 2017 1:39pm
- Trainman
- | Joined Mar 2012 | Status: Member | 263 Comments
Sure I have a trading plan. Buy low. Sell high. What's yours?
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- Mar 12, 2017 3:27pm Mar 12, 2017 3:27pm
- Muntu
- | Joined Mar 2009 | Status: Member | 138 Comments
Patience is magic