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Maybe behind the plunge in crude earlier this week: Speculative longs were near an all-time high...

Maybe behind the plunge in crude earlier this week: Speculative longs were near an all-time high as of Tuesday, according to the CFTC's Commitment of Traders report. A chart of speculator positions vs. the price of oil over time shows spiking longs often presaging a quick reversal in price. (via)
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Comments (1)
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    BS. Strictly manipulation. Most likely the Saudis working with Ben to push Oil lower. Nevertheless, more QE means higher Oil prices.
    21 Sep 2012, 05:58 PM Reply Like
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