Tag Archives: commercial crude oil traders

Crude Oil Spike is a Selling Opportunity

The crude oil market is dominated by the global commercial traders. Their collective actions within the marketplace reflect the most thoroughly researched best guess consensus of future prices. We follow their actions through the Commodity Futures Exchange Commission’s (CFTC) weekly Commitment of Traders (COT) report. There are two things we’ve learned; they have better access to better information and they believe the crude oil rally above $60 per barrel is one to be sold.

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