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November WTI contracts surge 6.12 percent as shorts struggle to exit, Kevin Green notes

November WTI contracts surge 6.12 percent as shorts struggle to exit, Kevin Green notes
November WTI shorts squeezed as price jumps

Short sellers of the remaining 18,843 November WTI contracts are experiencing a significant squeeze, with the contract price rising by 6.12 percent this morning. December is now the active contract, and liquidity is an important factor, according to Kevin Green.

Kevin Green has previously identified a potential bullish MACD crossover forming on the S&P 500 Equal Weight daily chart in recent commentary. He has also recommended following Scott Durfey for additional insights into markets and ranching in a separate post. These prior observations provide context to Green's ongoing market coverage.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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