Why the follow-up short order failed on Thursday is because the selling pressure disappeared along with the net value.
Huitong.com position data A report released by the U.S. Commodity Futures Trading Commission on Saturday (July 2) showed that as of the week from March to July
Speculators’ net speculative long positions in crude oil decreased. Contracts, contracts in hand, indicate investors' willingness to be long on crude oil has cooled.
Foreign exchange and commodity position report as of the end of the month
The speculative net short position of the Swiss franc held by speculators has increased, and the number of contracts in hand has turned from net long to net short this time, indicating that investors are optimistic that The willingness to short the Swiss franc has increased.
As of the month-end report on foreign exchange and commodity positions
, the speculative net short position of the Australian dollar held by speculators has decreased, and the number of contracts in hand indicates that investors' willingness to bet against the Australian dollar has cooled down.
Foreign exchange and commodity position reports as of the end of the month
The speculative net short position of the New Zealand dollar held by speculators has increased, and the number of contracts in hand indicates that investors' willingness to bearish on the New Zealand dollar has increased.
As of the month-end report on foreign exchange and commodity positions
, the speculative net short position of the Canadian dollar held by speculators has decreased, and the number of contracts in hand indicates that investors' willingness to be bearish on the Canadian dollar has cooled down.
As of the month-end report on foreign exchange and commodity positions
, the speculative net long position of the Japanese yen held by speculators has decreased and the number of contracts in hand has increased, indicating that investors’ willingness to be bullish on the Japanese yen has increased.
This week (week of month, day, month), crude oil prices did not continue the rebound momentum of last week but fell. Among them, the price of U.S. crude oil was the highest this week. USD/barrel, and the lowest fell to .USD/barrel. This week In the end it fell sharply by %.
There are many negative factors for crude oil prices this week. Among them, the market's growing doubts about cooperation with Africa to reduce production are the main factors that put pressure on lower oil prices. In addition, factors such as weak economic data from China and the United States, crude oil inventories continue to increase, and low demand for heating oil also support oil prices, while the weakening of the U.S. dollar and short covering support oil prices. limited.
Next week (the week of March 1st), the market's focus will still be on factors such as the possibility of cooperative production reduction, crude oil inventories, and demand from China and the United States. Looking at the short-term prospects of the oil market, most analysts are still bearish on oil prices, and it will still be difficult for oil prices to turn around at least in the first half of the year.
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