As Precious Metals continued to sink last week we saw expected further Fund shorting and Commercial buying. On a 18month Relative Basis Comms now score 100% and Funds are max bearish at 0%. The 5yr score is 99% for Comms and 0% for Funds - so we are at true extremes in … [Read more...]

At the end of July we highlighted the bearish odds aligning against further rallies in Wheat. We noted however, not to short into the extreme price strength, but instead to wait for a reversal back through 540. 10 days later, we see more of the same with Wheat moving another … [Read more...]

WTI is suffering a nasty sell-off today, and our short alert this morning for premium members, to short a breakdown of the weekly pivot low, and 4day adaptive channel low @ 68.50 is nicely in the green. We always hedge futures positions, especially when shorting oil, so the … [Read more...]

Wheat has had a nice bounce for traders playing the pullback to long term support at the up-sloping 23 weekly price channel.   However, there are some warning signs pointing to a imminent pullback. 1 - As you can see on the chart, there is divergence with … [Read more...]

Quite a bit of chatter this weekend regarding the Gold (and other PMs) COT report. It is true that current positioning is at 18 month relative highs, and we saw further buying this past week adding to the extreme position - now pushing us towards 5 year highs. However, … [Read more...]