Lots and lots of bottoms being kissed, so much to choose from...( rolls hands in an evil manner )
The latest Commitment of Traders (COT) Report data say that the commercial traders of RBOB futures have been abandoning their once-big net short position in a big way. They are now down to one of their lowest net short positions since 2010. That’s another way of saying that the “smart money” traders are betting on a rebound in gasoline prices.
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