Large-scale CTA selling activity is hitting the tapes in crude oil markets, TDS Senior Commodity Strategist Daniel Ghali notes. CTAs to shed their entire position long in Brent crude “We expect CTAs to shed their entire position long in Brent crude this session and build a net short position, with additional scope to sell WTI […]
Oil prices remained at just over $80, a barrel of Brent crude was temporarily as cheap as it was last at the beginning of June, Commerzbank’s Commodity Analyst Barbara Lambrecht notes. Crude oil trades above $80 “Oil prices remained under pressure this week: at just over $80, a barrel of Brent crude was temporarily as […]
Crude Oil continues to prove resilient, with inventory draws offering modest support to the complex, TDS strategists say. Crude Oil stays strong amid CTA buying “We still argue that the rally could start to fade as Commodity Trading Advisors (CTA) buying flows taper off. Prices below $81.73/bbl and $85.46/bbl for WTI and Brent crude respectively, […]
