Forex Alert

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Apr 14, 2021 when Oil – US Crude traded near 6,317.20.

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Apr 14, 2021 when Oil – US Crude traded near 6,317.20.

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.

Source: DailyFX – Technical Analysis
Date: April 30, 2021, 01:28