27
Aug
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Z – The percentage change in crude short positions for week seems like a huge change for a week. Did something really happen to warrant that change ?
August 28th, 2016 at 10:39 amZ re-3 Is this some pre shoulder season set up ?
August 28th, 2016 at 10:43 amEconomic conditions are improving. This weekly blog does a good job of presenting macro data analysis with links to further data sources if interested. This week highlights two important macro data points:
1) New home sales at a new multi-year high (great for oil demand as the construction industry is a more intensive user of refined products).
2) Chemical Activity Barometer is at a new all-time high (highly correlated with SPY and a 'new' indicator with a strong predictive profile–should be good for all energy consumption, but especially NGLs and natgas).
http://dashofinsight.com/weighing-week-ahead-will-fed-get-signal-september-rate-hike/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+typepad%2FQUWJ+%28A+Dash+of+Insight%29
August 28th, 2016 at 12:58 pmhttp://finance.yahoo.com/news/hedge-funds-pile-bullish-bets-201621439.html
largest bearish bet reduction in over a decade
August 28th, 2016 at 1:26 pm