CTA selling activity in crude oil markets to run out of steam – TDS
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In most scenarios for price action, we expect that CTA selling activity in **crude oil** markets will run out of steam, TDS' Senior Commodity Strategist Daniel Ghali notes.
Flat or bullish trading can lead to significant CTA buying activity
"Barring a big downtape next week, CTAs will refrain from selling either WTI crude or Brent crude markets, whereas a flat tape or uptape can lead to significant CTA buying activity. While this set-up for flows is not extreme, it is already pointing to an asymmetry in algo trading behavior that will favour buying activity over selling activity next week."
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