on July 9, 2024, 8:14 am
COT was delayed this week due to federal holiday.
Weekly Summary - Producers
Index of producers is 67%. Previous reading was 62%.
During the week producers were buying at low speed. They bought 4193 contracts. Last 3 weeks show sporadic selling pattern.
Producers index sits in a neutral zone. During last weeks index moved towards extreme values. Current market balance indicates enough potential for both bulls and bears, however this indicator alone is not enough to make good decisions.
Weekly Summary - Speculators
Index of speculators is 72%. Previous reading was 77%.
During the week speculators were selling at low speed. They sold 4669 contracts. Last 3 weeks show sporadic selling pattern.
Speculators index sits in a neutral zone. During last weeks index moved away from extreme values. Current market balance indicates enough potential for both bulls and bears, however this indicator alone is not enough to make good decisions.
Further analysis is on my site https://www.valknut-analytical.com
We have interesting situations in gold, silver, cotton, and sugar markets. Pay attention to regression analysis section of the reports.
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