The ongoing drop in oil prices accelerated in the past 2 days with the decision by OPEC not to cut production. With Light Sweet Crude…
Tagged $^CL_F
Smart Money Decreases Crude Oil Shorts By Record Amount
On July 3, our Chart Of The Day showed the net positioning in Light Sweet Crude Oil futures among the various groups tracked by the CFTC.…
Record spike in Crude Volatility Index may bring a bounce in oil
With the recent carnage in global equity markets, the bludgeoning taking place in the crude oil market has flown somewhat under the radar, at least…
Commodity Spotlight: Oil Ready To Stop Getting Drilled? On July 23, we pointed out several layers of resistance faced by the United States Oil Fund,…
Commodity Spotlight: United States Oil Fund $USO: At Multiple Resistance Level ~38.35 The United States Oil Fund ($USO) is currently hitting an area representing multiples…
ChOTD-7/3/14 Crude Oil Commitment Of Traders: Large Speculator Net-Long To Obscene Extreme
We shift gears today away from the equity market (where it’s now become mundane to point out all-time records since every stock and metric is…
$USO Oil ETF: Bear Flag @ Resistance?
Originally posted on 3/21/14: http://stks.co/c0MC0.