Last weeks CC was falling like a knife because of strong bearish factors which are still with us. Namely, super crop and market denial of new pricing rules suggested by bankrupt African governments.
Also, seasonal strong tendency for CC is to drop during August and September.
You may think that the bottom is near but it is not imo. This week COT shows MM net position of -4k. Last March they had -40k. That was bottom.
I suggest we need to wait, I want to buy it too but from my experience CC drops like a bomb when it starts its mad bearish spree.