{"id":4351,"date":"2018-12-03T11:31:45","date_gmt":"2018-12-03T16:31:45","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=4351"},"modified":"2018-12-03T11:31:45","modified_gmt":"2018-12-03T16:31:45","slug":"cftc-wti-crude-oil-report-november-30-2018","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/ar\/cftc-wti-crude-oil-report-november-30-2018\/","title":{"rendered":"CFTC WTI Crude Oil Report November 30, 2018"},"content":{"rendered":"

Net Long Position of the Funds in Crude Oil<\/strong><\/p>\n

Latest CFTC Report<\/strong><\/p>\n

The latest CFTC Commitment of Traders Report as of Tuesday, November 27,\u00a02018 shows the Non-Commercials Net Long Positions decreased during the week by 13,018 contracts to 398,776 contracts.\u00a0 14,554 Long positions were closed and 1.536 Short positions were covered.<\/p>\n

This is the ninth consecutive week since the end of September that the Funds have reduced their Net Long Positions.\u00a0 Last Friday, during a shortened trading session the December Crude Oil contract had a significant down move of over $4 to $50.42 extending the bear market.<\/p>\n

There have been news reports that the Russians would like to cut production in conjunction the\u00a0Saudis to stabilize and increase crude prices.\u00a0 The Saudis need higher prices, but an increase in prices will encourage US shale production and a political reaction from the US.\u00a0 Higher prices will also cause the Saudis to lose market share.\u00a0 An OPEC meeting in Vienna is scheduled for December 6 so the market will be driven by headlines.<\/p>\n

With the geopolitical uncertainty and high price volatility we recommend consideration of being on the sidelines.<\/p>\n

We would be happy to discuss this commentary with you and provide additional market insights.<\/p>\n

Feel free to call us at 312-348-7518 or email us at joel.fingerman@fundamentalanalytics.com<\/p>\n

\"\"<\/p>\n

For further information contact joel.fingerman@fundamentalanalytics.com<\/p>","protected":false},"excerpt":{"rendered":"

Net Long Position of the Funds in Crude Oil Latest CFTC Report The latest CFTC Commitment of Traders Report as of Tuesday, November 27,\u00a02018 shows the Non-Commercials Net Long Positions decreased during the week by 13,018 contracts to 398,776 contracts.\u00a0 14,554 Long positions were closed and 1.536 Short positions were covered. This is the ninth […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4351","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/4351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/comments?post=4351"}],"version-history":[{"count":4,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/4351\/revisions"}],"predecessor-version":[{"id":4356,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/4351\/revisions\/4356"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/media?parent=4351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/categories?post=4351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/tags?post=4351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}