Hi guys,

Weekly Summary - Speculators

Index of speculators is 97%. Previous reading was 94%.

During the week speculators were buying at low speed. They bought 2954 contracts. Last 3 weeks show active buying pattern.

Speculators index sits at extreme levels. During last weeks index moved towards 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 12%. Previous reading was 15%.

During the week producers were selling at low speed. They sold 2885 contracts. Last 3 weeks show active selling pattern.

Producers index sits in the lower quartile. During last weeks index moved towards 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.


Further analysis is on my site https://www.valknut-analytical.com

We have interesting situations in gold and silver - these two are highly correlated and both SI shows signs of the end of the story. Both assets had significant distributions during the week so one might say that bullish phase has ended. I think is it safe to join bears now, selling has proven to be more than a one week correction. Cotton selling regained strength. Corn and soybeans are in depression zones but it is hard to read these markets - whether they bottomed or weakness will continue.