Short Squeeze, CTA Traders At Work In Iron Ore, Oil Surge

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. CTA liquidity squeeze moving iron ore and oil markets, says bank analyst Martin Glanville, Credit Suisse’s London-based Head of Futures, said today’s dramatic jump in the price of Iron Ore is resulting from a…