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COT: Brent buying still dominated by short-covering

From home.saxo

During the shutdown of the US federal government, the Commitments of Traders report will not be published. Reports covering US-traded commodities, IMM forex, bonds and stock index futures have not been issued by the CFTC since the week of December 18. The ICE Futures Europe Exchange, however, continues as normal with Brent crude and gas oil shown below. Money managers increased bullish bets on Brent crude oil by 14,759 lots in the week to January 15. The net-long reached an eight week high of 172,905 and has now risen by 27% since hitting a 30-month low at 136,000 lots in early December. During the past two reporting ... (full story)

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  • Category: Fundamental Analysis