Rbob Ramp Redoux
One of my favorite conspiracy theory's is that Rbob is used by TPTB and Goldman Sachs etc to manipulate markets. I notice it leads the way lately, followed by crude, and often subsequently generates a commodity lead equities rally. Not bad for a relatively small market....on a snow day.
From the most recent COT report;
Crude O.I. .
Total: 1,301,624
Long Short
Money Managers 165,827 45,356
Swaps Dealers 279,712 120,643
RBOB O.I.
Total: 255,823
Money Managers 55,163 6,484
Swaps Dealers 41,989 764
Eventually somebodies got to burn the stuff.
From the most recent COT report;
Crude O.I. .
Total: 1,301,624
Long Short
Money Managers 165,827 45,356
Swaps Dealers 279,712 120,643
RBOB O.I.
Total: 255,823
Money Managers 55,163 6,484
Swaps Dealers 41,989 764
Eventually somebodies got to burn the stuff.
click to enlarge
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