Oil - US Crude IG Client Sentiment: Our data shows traders are now at their most net-long Oil - US Crude since Dec 12 when Oil - US Crude traded near 68.64.
- August 22, 2024
Number of traders net-short has decreased by 37.81% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
|
Daily Weekly |
Daily Weekly |
Daily Weekly |
Oil - US Crude: Our data shows traders are now at their most net-long Oil - US Crude since Dec 12 when Oil - US Crude traded near 68.64. The number of traders net-long is 10.31% higher than yesterday and 37.15% higher from last week, while the number of traders net-short is 18.99% lower than yesterday and 37.81% lower from last week.
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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