COT: Funds cut bullish commodity bets to 30-month low ahead of G20
Hedge funds continued to cut bullish commodity bets ahead of the G20 summit and the net-long across 26 major commodities hit its lowest since March 2016 in the week to November 27.
Commodity prices have come under fire into mid-2018 on a hawkish Fed, a stability-oriented Opec, and numerous other factors. The key fulcrum into Q3 is the developing trade war, which likely holds the keys to dollar and demand direction.
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