on July 12, 2024, 9:27 pm
Weekly Summary - Speculators
Index of speculators is 76%. Previous reading was 72%.
During the week speculators were buying at low speed. They bought 3401 contracts. Last 3 weeks show sporadic buying pattern.
Speculators index sits in the upper quartile. During last weeks index moved away from extreme values. Current market balance indicates limited bullish potential (and good potential for bears), however this indicator alone is not enough to make good decisions.
Weekly Summary - Producers
Index of producers is 69%. Previous reading was 67%.
During the week producers were buying at low speed. They bought 1228 contracts. Last 3 weeks show sporadic buying 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.
Further analysis is on my site https://www.valknut-analytical.com
We have interesting situations in gold, silver, cotton, and sugar (sugar is just out of depression zone) markets. Pay attention to regression analysis section of the reports.
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