Dana Lyon has a very realistic warning about extreme levels of longs in oil speculators.
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I thought it would be interesting to see if there are any other measures that are less alarming.
Below is Large Speculators Longs and Large Speculators divided by inventories.
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However, whatever measure is correct, should the longs be unwinded prices will be pressured to the downside. It does appear that has begun to happen.
Image may be NSFW.
Clik here to view.
Image may be NSFW.
Clik here to view.
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