Bounce May Fade in Oil Futures

Bounce May Fade in Oil Futures

Oil prices recovered briefly, but bearish trends suggest traders should consider selling crude futures.

CFTC Data Shows Bearish Shift: Oil Net Long Positions Tumble To 75.7K

BitcoinWorld CFTC Data Shows Bearish Shift: Oil Net Long Positions Tumble to 75.7K The Commodity Futures Trading Commission (CFTC) reported a significant decline in net long positions for crude oil, falling to 75.7K in the latest reporting week. This marks a sharp drop from the previous week’s reading of 110.5K, signaling a notable shift in market sentiment among speculators and money managers. Understanding the CFTC Commitments of Traders Repo…