More Volatility Ahead For Oil As Record Fund Positions Are Unwound – ValueWalk Premium

More Volatility Ahead For Oil As Record Fund Positions Are Unwound

The price of oil could have further to fall as hedge funds, and investors re-position following a record buildup in net long oil futures according to a report from JP Morgan’s Nikolaos Panigirtzoglou published at the end of last week.

The report warns of “commodity downside” due to persistent near-record net long futures positioning as “a pending normalization/mean reversion of spec positions in commodity futures has begun.”


More . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles

0