Borgards, Oliver; Czudaj, Robert L. - In: International Journal of Finance & Economics 28 (2022) 4, pp. 3511-3528
This paper tests the hypothesis that long‐short speculators are able to generate short‐term investment returns based on … long and short commodity futures of long‐short speculators as a proxy for their market sentiment. We find evidence that the … manipulation as the price continues to develop into the direction of the sentiment period although long‐short speculators trade non …