March RBOB prices took a negative turn during the overnight and early morning hours, pressured by weakness in risk-taking sentiment and a sell off in crude oil. The Commitments of Traders Futures and Options report as of January 29th showed non-commercial traders were net long 84,875 contracts, an increase of 5,287. Non-commercial and nonreportable traders combined held a net long position of 101,293 contracts, for an increase of 5,346 in their net long positioning.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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