Hedge Funds More Bullish Than you Think

[Rodent + 1,424]

Who thinks oil prices are going up? Hedge funds!

They are now holding record long positions in the six major oil-linked futures and option contracts, and the ratio of longs to shorts is even higher than when it was when hedge fund managers held a record net long position in oil back in January. 

Is it a good day to be an oil bull?

[TomTom + 183]

The good times could soon be over - check the last big peak in long positions... 6 days later prices saw a major correction