June RBOB prices traded higher during the initial morning hours, and managed to register a higher high in the process. The Commitments of Traders Futures and Options report as of May 15th showed non-commercial traders were net long 74,830 contracts, a decrease of 2,652. Non-commercial and nonreportable traders combined held a net long position of 81,901 contracts, for a decrease of 3,603 in their net long positioning. The selling trend of the speculator is seen as a negative near term force. However, the nearly $0.055 slide in prices after the report was conducted might have pushed spec net long positions down to the early 2011 highs.