Bullish Positioning In Oil Just Hit An All-Time Low, Signaling Price Rebound

Bullish Positioning In Oil Just Hit An All-Time Low, Signaling Price Rebound With investors increasingly unwilling to express a bearish bias ahead of the coming recession via the stock market (at least until a six-sigma deleveraging event like last Monday's carry trade unwind forces them to do so), they are instead pilling into bearish bets in the commodity sector, and nowhere more so than energy, where bullish bets just hit a record low! As John Kemp writes, investors cut their petroleum positions to the lowest level on record, part of...