COT Commitments of Traders Crude Oil and WTIC West Texas Intermediate Crude Oil Charts Over Last Year

The red circles are oil price tops and the green circles are oil price bottoms. The COT chart bars are stretched out from the center line to maximum levels. The educated guess is that oil prices will retreat until the COT and WTIC price print inside the green circles.

Keystone is not playing oil right now but the short side is appearing attractive. Marrying the COT chart to the very low OVX oil volatility chart, and hints at negative divergence on the price charts, the short side is looking a lot better than the long side for oil. If the long side has made you money it is prudent to take the dough and look for a short set up. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note: The COT chart is provided by COT Price Charts a great site and annotated by Keystone.