Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jul 27, 2023 when Oil

Oil - US Crude Client Positioning

Number of traders net-short has decreased by 19.91% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
Oil – US Crude BEARISH 50.02% 49.98%

11.91% Daily

8.40% Weekly

-11.99% Daily

-19.91% Weekly

-1.46% Daily

-7.87% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 12% -12% -1%
Weekly 8% -20% -8%

Oil – US Crude: Retail trader data shows 50.02% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jul 27 when Oil – US Crude traded near 79.61, price has moved 0.67% higher since then. The number of traders net-long is 11.91% higher than yesterday and 8.40% higher from last week, while the number of traders net-short is 11.99% lower than yesterday and 19.91% 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 Jul 27, 2023 when Oil – US Crude traded near 79.61. 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.



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