Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities UpdateCrude oil prices paused rallying last weekRetail traders slightly increased upside betsWhat is the short-term WTI outlook? Crude oil prices took a breather last week, leaving WTI little changed by Friday. This meant a pause after weeks of consistent gains. Recent data from IG
Technical Analysis
Number of traders net-short has decreased by 20.26% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIGermany 40BEARISH50.07%49.93%40.72% Daily60.80% Weekly-16.90% Daily-20.26% Weekly4.54% Daily6.67% Weekly Germany 40: Retail trader data shows 50.07% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since
Gold, Retail Trader Positioning, Technical Analysis – IGCS UpdateGold prices extend losses in the aftermath of the FedRetail traders are increasing their upside exposureThis is a sign of more pain to come from XAU/USD Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of
Number of traders net-short has decreased by 25.49% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFrance 40BEARISH50.49%49.51%72.58% Daily61.40% Weekly-23.62% Daily-25.49% Weekly6.29% Daily2.32% Weekly France 40: Retail trader data shows 50.49% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since
of clients are net long. of clients are net short. Long Short Note: Low and High figures are for the trading day. Data provided by of clients are net long. of clients are net short. Long Short Note: Low and High figures are for the trading day. Data provided by of clients are net long.
Number of traders net-short has increased by 3.96% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEUR/GBPBULLISH49.84%50.16%-6.01% Daily-19.33% Weekly-2.48% Daily3.96% Weekly-4.27% Daily-9.12% Weekly EUR/GBP: Retail trader data shows 49.84% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since May 04
Japanese Yen, USD/JPY, Technical Analysis, Retail Trader Positioning – IGCS UpdateJapanese Yen depreciates after the Fed rate decisionRetail traders kept unwinding USD/JPY bullish betsWill the exchange rate continue higher from here? The Japanese Yen weakened against the US Dollar in the aftermath of the Federal Reserve interest rate decision, where Chair Jerome Powell alluded to