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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (19285)	6/21/2016 2:14:31 PM
From: Goose94	Read Replies (1) \| Respond to of 202704

Crude oil: Hedge Funds cut long positions in oil. Money managers have cut around 10 percent of their net long positions in crude futures, a sign that the latest rally may be in stoppage time already. Net long positions reached near record levels in May. According to Reuters, this latest one-week cut in net long positions is the biggest one since July 2014. Although it seems that from a fundamental perspective, oil’s risks seem balanced out, market uncertainty and oversupply concerns have resulted in a bout of profit taking, leading to further downward pressure on oil prices.