Short Squeeze, CTA Traders At Work In Iron Ore, Oil SurgeMark Melin
With Iron Ore spiking nearly 17% today and the price of oil jumping the most in a week since last summer, up close to 5% on the day, one bank futures trade desk in London thinks they understand causation for these moves. This comes as the hand-wringing over long / short hedge funds with ill-timed long / short ratio management is considered in another bank report . . .
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