Hou on?Mayor how's your COT reading now? Are we about to see a turn?
Depite all the fireworks this week oil was not down very much at all.
Money Managers Dial Up Bullish Oil Bets -- Market Talk
Published: Sep 19, 2014
Speculators added fresh wagers on rising crude-oil prices in the week ended Tuesday, according to CFTC data. Hedge funds, pension funds and others added 10,160 new bets on rising prices and slashed 6,876 bets on falling prices. Their net-long position rose 9.1% to 203,648, the highest such position since August 12. Nymex oil prices rose 2.3% in the reporting week after OPEC's secretary-general suggested the group could cut its oil-production target in November. (nicole.friedman@wsj.com; @NicoleFriedman)