Crude oil futures speculators holding record net long positions.

Published in: DeCarley Trading Press

Jim Cramer featured the crude oil futures market analysis written by commodity broker, Carley Garner, on the January 23rd episode of Mad Money. 

 

Cramer: With speculators the most bullish in history, charts show oil prices could soon peak from CNBC.

"As of last week, large speculators were holding the single largest bullish position in the history of crude oil futures: ... 666,000 net long contracts," Jim Cramer said. "Being bullish is not a good sign."