Choi, Sunghee; Hwang, Seok-Joon - In: International Journal of Global Energy Issues 35 (2012) 6, pp. 456-464
This paper empirically tests whether traders' positions predict crude oil futures prices through a case study of the 2008 oil market turbulence. It is found that the three-week-long trend of traders' net long position significantly forecasts prices when the prices excessively rise from April to...