RBOB Gasoline COT: New reversal risk as specs pile in

RBOB Gasoline flashed a new Reversal risk (down) signal: specs rose 12 points to the 91st percentile while commercials fell to the 5th. Why it matters: Gasoline is the outlier in energy. Specs are stretched long here while crude sits low and heating oil is crowded short, so the crowding is specific to this market. RBOB Gasoline positioning z-score (5y)Speculators, this week+1.14Speculators, last week+0.87Commercials, this...