February RBOB established a new contract high during the early morning hours, as they seemed to benefit from a positive outside market tone and weakness in the US Dollar. There appeared to be some talk among traders of sluggish demand after some cash gasoline spreads in Asia reversed recent gains on signs of weakening South Korean demand. Meanwhile, the Commitments of Traders Futures and Options report as of January 11th showed non-commercial traders were net long 73,863 contracts, a decrease of 42. Non-commercial and nonreportable traders combined held a net long position of 83,867 contracts, a decrease of 1,133 in their net long positioning.