25 July 2021
Posted in
sentix Weekly
Moderate improvement in sentiment
In recent weeks, strategic confidence in oil has plummeted. This usually leads to position reductions. However, positioning is by no means very bullish at the moment, so there is less risk to the oil price than would otherwise be the case. In equities, sentiment is neutralising and the neutral position is filling up again. A volatile summer phase is thus not yet off the table.
Further results:
- Gold: Bias remains stable
- Crude oil: Weak bias but positive seasonal pattern
- sentix investor positioning in equities and bonds
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