Hi guys,

Have prices topped? No idea but there is still more room to grow. Although the ceiling is not too far away.

Weekly Summary - Speculators

Index of speculators is 100%. Previous reading was 100%.

During the week speculators were buying at low speed. They bought 2899 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 16%. Previous reading was 17%.

During the week producers were selling at low speed. They sold 874 contracts. Last 3 weeks show sporadic selling pattern.

Producers index sits in the lower 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.

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

Speaking of other markets zones of depression and euphoria are unchanged - gold is in euphoria zone, cotton, corn, soybeans are in depression. Next week there will be a couple of more assets in depression/euphoria zones.

Happy trading!