Jim Bianco|5月 25, 2026 20:30
The repost details the Wall Street consensus that the Strait is days away from reopening, and this will lead to crude prices plummeting.
Add this chart. It shows that most of the net long positions among managed money (CTAs) and Large Speculators were established BEFORE the war began (and made good money), and they have been paring it back since the opening days of the war (prices are higher today).
Restated, Wall Street's peak oil bullishness was over two months ago, and they have been pulling back every week. Industry professionals (i.e., Commercial Traders) are on the other side of Wall Street.
Which side do you want to be on?
@CommodMkt(Jim Bianco)
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