COT Data for Ligtht Sweet Crude - Commercial Traders Continue to
Add to Shorts (Hedge). This is often required by banks (financial
institutions) who lend them money. Extreme level can also result in
larger price declines but timing from data is uncertain.
Appreciate the input Alex...my wife used to be an oil scheduler
and IMO is one of the worst instruments to trade. With that
said, extremes are something to take note.
COT for WTIC
Posted by steve on 4th of Feb 2017 at 08:50 pm
COT Data for Ligtht Sweet Crude - Commercial Traders Continue to Add to Shorts (Hedge). This is often required by banks (financial institutions) who lend them money. Extreme level can also result in larger price declines but timing from data is uncertain.
http://www.321energy.com/cots.php (shows the actual data)
The chart below was something that was tweeted to me...best advice is to respect valid trigger while being aware of the backdrop.
Thanks, Steve. The specs have
Posted by a_l_ on 4th of Feb 2017 at 09:11 pm
Thanks, Steve. The specs have Z-Scores of 2.14x on a 1Y basis & 2.53x at 3Y; as stretched on the long side as the commercials are hedged.
Appreciate the input Alex...my wife
Posted by steve on 4th of Feb 2017 at 09:14 pm
Appreciate the input Alex...my wife used to be an oil scheduler and IMO is one of the worst instruments to trade. With that said, extremes are something to take note.
Update from Friday's COT: non-comms
Posted by a_l_ on 6th of Feb 2017 at 01:29 pm
Update from Friday's COT: non-comms added to /CL longs, bringing positioning to 2.23 standard deviations over 1Y mean and 2.69 STD over 3Y mean.
Yes, as well as for
Posted by a_l_ on 4th of Feb 2017 at 09:16 pm
Yes, as well as for the potential effect on XLE/XOP/etc.