Oil CotProducers are net long though they did close some long...

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    Oil Cot

    Producers are net long though they did close some long positions from last week , they were aggressive buyers last week i think they were betting on the US government buying up excess supply but that got knocked on the head by the dems in the new corona virus bill that just got signed

    i think oil is going lower

    https://hotcopper.com.au/data/attachments/2066/2066774-210bff1406e0f9575d09b5d0f8cb7d0f.jpg
 
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