A look at trader positioning in most brokers shows that about 67% of traders expect a rising price. The long-to-short ratio is 2.16. The general net long position confirms the last strong fallen prices.

Compared to the previous week, however, long positions were reduced by about 25% and short positions increased by 34%. Thus, the long-to-short ratio should have fallen sharply in the weekly comparison. The chart below also makes it clear that this trend in positioning has accelerated since the beginning of the year, confirming the current recovery. Here the focus should remain on the short positions. If these increase more quickly than long positions are reduced, the recovery trend could accelerate.

Which factors could influence the oil price in the first quarter?

Did everybody see what happens in tha last days? Oil increases. i was right with my idea to go long with crude oil. In the moment its also a very risky market. Wait for new signals.

Sometimes I think that I am the oracle. look at the course of the oil and what I wrote about 10 days ago.

Although I still believe that the oil price is artificially high by Russia and Saudi Arabia but that is not important for the forex trader. It is important that the price continues to rise because there are very many investors in long positions at the moment and the price can go over 60 within a short time. We will see.