Hedge funds continued to add exposure to the metal sector during the week ending February 23. Metals continue to attract most of the buying not least gold where bullish bets rose by 32% to a 16-month high. Sellers retraced in oil with the net-long rising by 14% primarily due to short-covering. Sugar was under owned ahead of the price spike last week.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-gold-buying-continues-oil-net-long-rising-on-short-covering-7189449?utm_medium=tf4-feed&utm_source=extract
COT: Gold buying continues oil net-long rising on short covering
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