Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Aug 10 when Oil
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<article><img decoding="async" src="https://a.c-dn.net/b/3Y7MQU/chart.png" alt="Oil – US Crude Client Positioning" data-image-original-width="900" data-image-original-height="600" width="900" height="600" class="dfx-lazyload" style="padding-bottom: calc(600 / 900 * 100%);" /></p>
<h2>Number of traders net-short has increased by 12.59% from last week.</h2>
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<thead>
<tr>
<th>SYMBOL</th>
<th>TRADING BIAS</th>
<th>NET-LONG%</th>
<th>NET-SHORT%</th>
<th>CHANGE IN LONGS</th>
<th>CHANGE IN SHORTS</th>
<th>CHANGE IN OI</th>
</tr>
</thead>
<tbody>
<tr>
<td data-heading="SYMBOL"><span>Oil – US Crude</span></td>
<td data-heading="TRADING BIAS"><span>BULLISH</span></td>
<td data-heading="NET-LONG%"><span>34.95%</span></td>
<td data-heading="NET-SHORT%"><span>65.05%</span></td>
<td data-heading="CHANGE IN LONGS">
<p><span>-9.36% </span><span>Daily</span></p>
<p><span>-3.19% </span><span>Weekly</span></p>
</td>
<td data-heading="CHANGE IN SHORTS">
<p><span>8.88% </span><span>Daily</span></p>
<p><span>12.59% </span><span>Weekly</span></p>
</td>
<td data-heading="CHANGE IN OI">
<p><span>1.73% </span><span>Daily</span></p>
<p><span>6.52% </span><span>Weekly</span></p>
</td>
</tr>
</tbody>
</table>
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<span><br />
<span data-stream-type="sentiment" data-market- data-value="–" data-type="long-value-info"><br />
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<span>of clients are </span><span>net long.</span> </span><br />
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<span data-stream-type="sentiment" data-market- data-value="–" data-type="short-value-info"><br />
</span><br />
<span>of clients are </span><span>net short.</span> </span>
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<table>
<thead>
<tr>
<td>
Change in </td>
<td>
Longs </td>
<td>
Shorts </td>
<td>
OI </td>
</tr>
</thead>
<tbody>
<tr>
<td>Daily</td>
<td>-9%</td>
<td>9%</td>
<td>2%</td>
</tr>
<tr>
<td>Weekly</td>
<td>-3%</td>
<td>13%</td>
<td>7%</td>
</tr>
</tbody>
</table>
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<p>Oil – US Crude: <span>Retail trader data shows 34.95% of traders are net-long with the ratio of traders short to long at 1.86 to 1. </span>Our data shows traders are now at their least net-long Oil – US Crude since Aug 10 when Oil – US Crude traded near 82.39. The number of traders net-long is 9.36% lower than yesterday and 3.19% lower from last week, while the number of traders net-short is 8.88% higher than yesterday and 12.59% higher from last week. </p>
<p><span>We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Oil – US Crude </span><span>prices</span><span> may continue to rise. </span></p>
<p>Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias. </p>
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<br /><a href="https://www.dailyfx.com/analysis/CL-IG-Client-Sentiment-202309150223.html">Source link </a></p><p>The post <a href="https://forextraderhub.com/oil-us-crude-ig-client-sentiment-our-data-shows-traders-are-now-at-their-least-net-long-oil-us-crude-since-aug-10-when-oil.html">Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Aug 10 when Oil</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
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