Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jul 27, 2023 when Oil - US Crude traded near 79.61. - DailyFX

Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jul 27, 2023 when Oil - US Crude traded near 79.61.

Number of traders net-short has decreased by 19.91% from last week.
SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI

11.91% Daily

8.40% Weekly

-11.99% Daily

-19.91% Weekly

-1.46% Daily

-7.87% Weekly

Oil - US Crude Bearish Data provided by of clients are net long. of clients are net short.

Change in Longs Shorts OI Daily 9% -5% 1% Weekly 8% -19% -8%

Oil- US Crude: Retail trader data shows 50.02% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jul 27 when

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Oil - US Crude prices may continue to fall.

Our data shows traders are now net-long Oil - US Crude for the first time since Jul 27, 2023 when Oil - US Crude traded near 79.61. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.