Oil prices fell for the week and so did the cost of gasoline at the pump. Natural gas prices, beaten down for much of the year, gained almost 13 percent since Tuesday as investors pulled money out of oil.
COT commercial inflows are fading the decline in the crude oil market. The statistically significant inflows are quite similar the setup in the natural gas market over a month ago.
Follow the money.
Crude Oil (WTI) and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
The United States oil fund ETF has dropped, but the energy of the decline is weak. As price retests the 2009 July lows, the REV(E) indicator remains well its level record at the time.
United States Oil Fund ETF (USO):
Natural Gas ETF and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
Natural Gas ETF (UNG):
Source: finance.yahoo.com
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