Hedge funds cut bearish bets across 24 commodities by 74% during the week ending January 19. All sectors were net-bought not least grains where most of the bearish bets remain concentrated. Record short bets on WTI crude oil were cut by 8% ahead of the surge while buying of gold continued for a third week.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-oil-traders-hunting-for-the-bottom-6951184?utm_medium=tf4-feed&utm_source=extract
COT: Oil traders hunting for the bottom
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