I think we could see a push to the 62-63 level then cool off.
The large specs that have been pushing this market up have appeared to start cooling off this week. snalaska.com/cot/current/charts/CL.png
Is this a meaningful return of the CL market or just a huge short cover/mean reversion trade? The fundamentals remain to be in the massive over supply camp and econ-101 would suggest we get another price dump as whatever supply is laying around will come on stream with higher prices.
No position.
The large specs that have been pushing this market up have appeared to start cooling off this week. snalaska.com/cot/current/charts/CL.png
Is this a meaningful return of the CL market or just a huge short cover/mean reversion trade? The fundamentals remain to be in the massive over supply camp and econ-101 would suggest we get another price dump as whatever supply is laying around will come on stream with higher prices.
No position.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。