Forex Alert

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jun 29, 2021 14:00 GMT when Oil – US Crude traded near 7,317.30.

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jun 29, 2021 14:00 GMT when Oil – US Crude traded near 7,317.30.

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.

Source: DailyFX – Technical Analysis
Date: July 7, 2021, 02:39