Crude Reality - Shorts Are In Charge (For Now)

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About: The United States Oil ETF, LP (USO)
by: Volatility Surfer
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Volatility Surfer
Long/short equity, momentum, portfolio strategy, hedge fund manager
Summary

Bullish bets on crude oil near all time low.

Bearish bets have been on the rise since the Saudi attacks.

Negative flows out of energy ETFs points to investor nonchalance.

Crude is looking for "friends with catalysts"

The crude market sentiment has remained poor for a majority of 2019. Speculative longs in crude oil futures have all but vanished leaving the shorts in charge. The shorts are now the tail that wag