Saxo Group Videos

What historic hedge fund net-short position in commodities tells us

For the first time Hedge funds have taken bearish positions on 24 commodities tracked weekly. It's an historic event which creates market conditions for a possible big bounce, according to Head of Commodity Strategy at Saxo Bank, Ole Hansen.

Ole outlines what to watch for and how, for example, the oil price has rebounded on previous occasions. Earlier this year, when widespread shorts were set, the oil price was stretched to such an extent that changes in fundamentals or headlines triggered a bullish reaction; as much as 25% higher.

02:16 minutes
Tags: brent, brent crude, brent geo-political, brent spread, brent wti spread, commodities, commodities markets, commodities supply, commodity, commodity index, commodity investing, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crudeoil, hedge, hedge fund, hedge fund positioning, hedge funds, hedgefunds, hedging, oil, oil and gas, oil commodities, oil company, oil demand, oil drop, oil industry, oil inventories, oil market, oil markets, oil news, oil price, oil prices, oil production, oil range, oil refinery, oil spread, oil stockpiles, oil stocks, oil supplies, oil supply, oil trading, oil wealth, saxo, saxo bank, saxo tv, trading, tradingfloor.com, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti price, wti supply, wti us, wticrude

Switch to