COT: Oil battle heats up; gold vulnerable to profit taking

Money managers were net-sellers of commodities during the week ending February 2. Selling across the energy sector and sugar more than offset ongoing buying of gold and grains and continued short-covering of copper and corn. The bull and bear fight in WTI oil is raging on with short positions near a record while longs have reached a 7-month high.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-oil-battle-heats-up-gold-vulnerable-to-profit-taking-7048324?utm_medium=tf4-feed&utm_source=extract