Post by
tinkvid on Sep 16, 2024 9:35am
Short Positions
Its no coincidence With the increased short positions on oilers (SGY, CJ, TOU, CVE etc...) and the rapid drop in the price of oil we could be in for a short squeeze. Oil seems to be finding a bid, Could the CTA's be buying back into crude? WTI seems to be catching bid.
Comment by
tinkvid on Sep 19, 2024 1:32pm
WTI looks to be finding its way back up. Shorts better start covering. Opex tomorrow, not sure what affect that will have on markets.