In most scenarios for price action, we expect that CTA selling activity in **crude oil** markets will run out of steam, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Flat or bullish trading can lead to significant CTA buying activity
“Barring a big downtape next week, CTAs will refrain from selling either WTI crude or Brent crude markets, whereas a flat tape or uptape can lead to significant CTA buying activity. While this set-up for flows is not extreme, it is already pointing to an asymmetry in algo trading behavior that will favour buying activity over selling activity next week.”
Read the full article here