Wrap comments will be included in the Monday post other than one quick one. Note the CFTC non-commercial (speculator) oil net long position moved higher, not lower this week. There was much speculation regarding the cause of the flash dip on Monday in crude prices. In the Wednesday post we commented on one talking head going as far as to call the reasoning their liquidation. With net long position at highs not seen since March, well, I have to laugh even more at their comment. Next week look for IPAA coverage, a new long idea, and a coal sector update.
In cased you missed the recent free Seeking Alpha Stuff:
And a couple of "I'm not playing this long/avoidance" calls that continue to work lower
Enjoy the weekend.
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