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A Comment -- General Comments From an Expert (A Commentary) opinion on 2017-03-13

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Larry Berman CFA, CMT, CTA
A Comment -- General Comments From an Expert was $0.020 at time of opinion
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Oil. Hedge funds may be a bit too long on oil. Tom McClellan points out that the “net short” position of the commercials, the opposite side of the speculators, are very net short; in fact, the most “net short” since oil was over $100, and they are the smart money. The speculators are on the other side of this trade. There is probably some more downside to go here. It could push oil down to the low $40s, as those positions unwind. $40-$60 is probably the range for the next couple of years.

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677 BUY
49 BUY on WEAKNESS
3057 COMMENT
687 DON'T BUY
132 HOLD
5143 N/A
10 PARTIAL BUY
7 PARTIAL SELL
216 PAST TOP PICK
53 SELL
1 SELL ON STRENGTH
4 SPECULATIVE BUY
8 STRONG BUY
401 TOP PICK
15 VAGUE
74 WAIT
57 WATCH
71 WEAK BUY
2 Unspecified
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All opinions for A Commentary (10664)

677 BUY
49 BUY on WEAKNESS
3057 COMMENT
687 DON'T BUY
132 HOLD
5143 N/A
10 PARTIAL BUY
7 PARTIAL SELL
216 PAST TOP PICK
53 SELL
1 SELL ON STRENGTH
4 SPECULATIVE BUY
8 STRONG BUY
401 TOP PICK
15 VAGUE
74 WAIT
57 WATCH
71 WEAK BUY
2 Unspecified
View All

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Add A Commentary to Watch List

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