WTI - next bullish correction?

CFTC non-commercial net positions for WTI oil rising for fourth week reaching 231k net long contracts. In the past similar repositioning among futures traders was in March of 2015. Goldman Sachs recently came out with unrealistic price target (20USD).Usually also a sign of reversal. Remember Gold prices in summer of 2011 what did Goldman say?

Kommentera:

Some fundamental update, why I am still bullish on oil: "A report showing a fifth weekly fall in the U.S. oil rig count also underpinned crude prices." - Reuters

www.reuters.com/arti...dUSKCN0RZ03320151005