CL Crude Oil COT (Commitments of Traders) Weekly Chart

The COT chart was shown a week ago where it was beginning to become overstretched open to a move lower in oil prices. il bounces price around sideways with an upward bias and now the COT chart is extremely extended. The red circles show the recent tops in oil prices. What do you think will happen? If oil pulls back that hints that the US dollar index may float higher. 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 and annotated by Keystone.