Monday, January 30, 2017

Lots Of Oil Bulls

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It was reported that hedge fund longs hit another record.

These positions have proven to move with oil price not predict prices.

That's concerning because this time the build in bulls did not correspond with prices rising. That's setting up a sell-off.

While many report about a record bullish position by hedge funds we want to see what that means to price. Our findings show a bearish setup for oil.
Record Bulls At Hedge Funds
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ETFs reported by Elazar Advisors, LLC are guided by our weekly and monthly methodologies. We have a daily overlay which changes more frequently which is reported to our premium members and could differ from the above report. Portions of this article may have been issued in advance to premium members. All investments have many risks and can lose principal in the short and long term. This article is for information purposes only. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC and their related parties harmless. Any trading strategy can lose money and any investor should understand the risks.


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