WTI Weekly 03Feb17
The Focus Into Week 05-10Feb Centered Upon Response To Key Structural Support, 52.24s.
WTI Weekly 10Feb17
This Week's Auction Saw Early Week Selling & Price Discovery Through Key Support, 52.24s. Achieving The Stopping Point Low, 51.2s, Where Buying Interest Emerged, Driving Price Higher To 54.13s Within Major Structural Resistance.
WTI Weekly COT (Managed Money) 07Feb17
The weekly COT report of managed money reflects net long position (+420k) coupled with minor increase in extreme net short position (-60k). Following the Sellside interest near Major Structural Resistance, the MM Long posture remains extreme while Short posture remains at multi-year lows, implying the potential for Sellside Directional activity persists.