
Here is a nice COT chart for WTI _CRUDE OIL. you can see that the longs are managed money and not hedgers. It looks like a bubble type situation.
This blog maintained by CJOLars. http://www.twitter.com/CJOLars <> Charting expert specializing in charting of MT4 charts and others like stockchart.com and barchart.com I do at this time trade FX with MT4(my preferred platform). I have become an expert in the use of MT4 and MT4 feeds for charting and trading.