Time to Sell Brent Oil, Gasoline or Wheat
Brent oil, gasoline and wheat (SR) have reached a 3-years high in terms of short positions of commercials. This is an extreme and it indicates that it is more likely that the price will fall. This interesting fact is supported by the net positions of the commercials, which have reached a bearish area compare to the last 52 weeks. Counting these 2 facts together it is more likely that we will see falling prices in the next few weeks or even months.
These news were generated using the DGM library.
August 12, 2018 @ 20:02
In the week 32 the Gasoline and Wheat continued growth in terms of short positions of commercials. Whereas, Brent oil showed a drop in number of positions: from 59086 to 55118 (almost -7% of short positions).