ABD Emtia Vadeli \u0130\u015flemler Komisyonu (CFTC) verilerine g\u00f6re, petrolde ticari olmayan (spek\u00fclatif) net pozisyonlar 202,2 bine geriledi. \u00d6nceki seviye 213,5 bindi.<\/p>\n
Bu, 11,3 bin pozisyonluk d\u00fc\u015f\u00fc\u015f anlam\u0131na geliyor. Veriler, CFTC\u2019nin en son raporlama d\u00f6nemini kaps\u0131yor.<\/p>\n
Petrol piyasas\u0131nda b\u00fcy\u00fck spek\u00fclat\u00f6rlerin y\u00fckseli\u015f beklentisinde belirgin bir zay\u0131flama g\u00f6r\u00fcl\u00fcyor. Net uzun pozisyonlar (fiyat art\u0131\u015f\u0131na oynayan pozisyonlar) azalt\u0131ld\u0131. Bu durum, son fiyat y\u00fckseli\u015finin arkas\u0131ndaki g\u00fcvenin azald\u0131\u011f\u0131na i\u015faret ediyor. Bu t\u00fcr bir de\u011fi\u015fim, y\u00fckseli\u015f trendinin ivme kaybedebilece\u011fine dair erken bir sinyal kabul edilir.<\/p>\n
Bu pozisyon de\u011fi\u015fimi, ge\u00e7en \u00e7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanan EIA (ABD Enerji Enformasyon \u0130daresi) raporunun ard\u0131ndan geldi. Rapor, beklentinin tersine ham petrol stoklar\u0131nda 2,8 milyon varillik art\u0131\u015f (stok birikimi; arz\u0131n talebi a\u015fmas\u0131) g\u00f6sterdi ve talebin zay\u0131flayabilece\u011fi mesaj\u0131n\u0131 verdi. Buna ek olarak, ge\u00e7en hafta \u00c7in\u2019den gelen imalat PMI (Sat\u0131n Alma Y\u00f6neticileri Endeksi; 50\u2019nin \u00fczeri b\u00fcy\u00fcme, alt\u0131 daralma sinyali) verisi beklentilerin biraz alt\u0131nda kald\u0131. Bu g\u00f6stergeler, k\u00fcresel ekonomide yava\u015flama riskine ili\u015fkin kayg\u0131lar\u0131 art\u0131r\u0131yor.<\/p>\n
Ayr\u0131ca, ABD Merkez Bankas\u0131 (Fed) yetkililerinin son a\u00e7\u0131klamalar\u0131, faiz indiriminde aceleci olunmayaca\u011f\u0131na i\u015faret ediyor. Bu da ABD dolar\u0131n\u0131 g\u00fc\u00e7l\u00fc tutuyor. G\u00fc\u00e7l\u00fc dolar, di\u011fer para birimlerini kullananlar i\u00e7in petrol\u00fc daha pahal\u0131 hale getirerek talebi zay\u0131flatabilir. Bu daha olumsuz \u201cmakro\u201d g\u00f6r\u00fcn\u00fcm (enflasyon, faiz, b\u00fcy\u00fcme gibi genel ekonomik ko\u015fullar) nedeniyle yat\u0131r\u0131mc\u0131lar\u0131n pozisyonlar\u0131n\u0131 ayarlad\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcyor.<\/p>\n
2025\u2019in ba\u015f\u0131nda spek\u00fclatif pozisyonlarda benzer bir d\u00fc\u015f\u00fc\u015f izlenmi\u015fti. Bu d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan fiyatlar bir sonraki ay i\u00e7inde yakla\u015f\u0131k %10 d\u00fczeltme (h\u0131zl\u0131 y\u00fckseli\u015f sonras\u0131 geri \u00e7ekilme) ya\u015fam\u0131\u015ft\u0131. O d\u00f6nemde de ekonomik talep endi\u015feleri ve s\u00fcrpriz stok art\u0131\u015f\u0131 etkiliydi. Bu nedenle net uzunlardaki sert d\u00fc\u015f\u00fc\u015fler g\u00f6z ard\u0131 edilmemeli.<\/p>\n
\u00d6n\u00fcm\u00fczdeki haftalarda uzun y\u00f6nl\u00fc (y\u00fckseli\u015f beklentili) pozisyon riskini s\u0131n\u0131rlamak d\u00fc\u015f\u00fcn\u00fclebilir. \u00d6rne\u011fin, May\u0131s vadeli WTI (ABD tipi ham petrol) \u201cput\u201d opsiyonu (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 sigorta; belirli fiyattan satma hakk\u0131) almak, a\u015fa\u011f\u0131 y\u00f6nl\u00fc koruma sa\u011flayan temkinli bir strateji olabilir. Bu yakla\u015f\u0131m, ana g\u00f6r\u00fc\u015f korunurken k\u0131sa vadede fiyat\u0131n 80 dolar destek seviyesine (al\u0131c\u0131n\u0131n g\u00fc\u00e7lenebilece\u011fi b\u00f6lge) do\u011fru geri \u00e7ekilmesi riskine kar\u015f\u0131 korunma (hedge; risk dengeleme) sa\u011flar.<\/p>\n
VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Petrolde alarm: CFTC\u2019ye g\u00f6re spek\u00fclatif net uzunlar 213,5 binden 202,2 bine indi. EIA\u2019n\u0131n s\u00fcrpriz stok art\u0131\u015f\u0131, zay\u0131f \u00c7in PMI ve g\u00fc\u00e7l\u00fc dolar y\u00fckseli\u015f ivmesini s\u0131n\u0131rl\u0131yor; put hedge \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-44386","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=44386"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}