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

Total: 255,823

Money Managers         55,163               6,484
Swaps Dealers              41,989                  764

Eventually somebodies got to burn the stuff.
click to enlarge


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate