CTAs Extend Hold on Oil – ValueWalk Premium
China Shipping Oil To North Korea

CTAs Extend Hold on Oil

According to recent research from Goldman Sachs, trend following CTA’s have been driving recent market declines in oil – repeating a trend that materialised across Q1 of last year. 1 However, unlike 2017, this year GS argues long speculative positioning has been driven by a solid fundamental backdrop – in no small part benefiting from carry-driven returns resulting from more pronounced backwardation in the market.

Fundamentals – Irrelevant in Allocation?
With the increasing role machine-based traders and investment managers play across markets we must wonder if this CTA . . .

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