Speculative Activity In WTI

Crude oil technicals are not looking great, as the speculative accounts are becoming increasingly net long WTI futures

Crude oil technicals are not looking great, as the speculative accounts are becoming increasingly net long WTI futures. This is “fast money” chasing a quick Iraq-driven spike. What if it doesn't happen?
 

While the Iraq risks are quite real, the market remains well supplied and significant price declines are quite possible.

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