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Buxton ND | Data,
473 long 263 = new long 210k futures ONLY
The problem with this its as of the close 8-18 with crude closing at just over $43
These are the last FACTS of the CFTC report.
No clue what data your story is tracking and any story since the 18th is just that A STORY, based off estimates since the 18th someone's or GUESS'S, because the FACTS will not be known til this afternoons CFTC report, I will stick with MY FACT over whatever CNBC has to say
Can crude trade to $50 ? ? ? YEPPERS very easily on a short covering rally***** BUT like I said above, easy to get bullish listening to the "headlines" these "headlines" have not panned out will for grains.
The next problem,,, none of this address's the post that 1206 made above. And that's way over my head what it means to crude.
THE MOST POSITIVE NEWS, at least for me, is Ken Morrison, is on vacation. IDK how many times in the last 4-5 years Ken goes on vacation and some market makes a major trend change Ha Ha
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Near Record Crude Shorts running for cover..???
