HIGHLIGHTS AND THEMES
In order to make my life easier, as it takes a considerable time to research and build these notes, I have made all annotations on the charts, and sentiment charts are self-explanatory. In this section, I will give key thoughts on each market.
Energy: No bottom yet with both Crude and Natural Gas. Crude has a little more downside for the DeMark Exhaustion signals.
Metals: Both Gold and Silver reversed last week after reaching extreme sentiment levels while Silver had DeMark Sell Countdown 13s. Copper is holding steady. Platinum and Palladium still do not turn higher.
Grains: Slight reversals up last week, notably with Wheat. It will take more to signal a more durable rally, as we have seen too many false starts.
Livestock: Deep losses with no signs of a bottom, although both Cattle and Hogs are oversold.
Softs: Cotton is in a range still. Coffee should pull back here. Sugar finally pulled back hard and could bounce with a DeMark Setup 9. Cocoa remains the strongest commodity on the upside.
BLOOMBERG COMMODITY INDEX DAILY AND WEEKLY
Bloomberg Commodity Index daily is oversold at downside wave 5. No signals to indicate a potential turn yet.
Bloomberg Commodity Index Weekly
COMMODITY SENTIMENT OVERVIEW
OIL AND ENERGY
Bloomberg Energy Index daily
WTI Crude futures daily
WTI Crude futures bullish sentiment
WTI Crude futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Natural Gas futures daily
Natural Gas futures bullish sentiment
Natural Gas futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Metals
Gold daily
Gold bullish sentiment
Gold futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Silver daily
Silver bullish sentiment
Silver futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Copper futures daily
Copper futures bullish sentiment
Copper futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Platinum daily
Platinum bullish sentiment
Platinum Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Palladium daily
Palladium bullish sentiment
Palladium Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Grains
Corn futures daily
Corn futures bullish sentiment
Corn futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Wheat futures daily
Wheat futures bullish sentiment
Wheat futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Soybean futures daily
Soybean futures bullish sentiment
Soybean futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Livestock
Live Cattle futures daily
Live Cattle futures bullish sentiment
Live Cattle futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Lean Hogs futures daily
Lean Hogs bullish sentiment
Lean Hogs Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Softs
Cotton futures daily
Cotton futures bullish sentiment
Cotton Futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Coffee futures daily
Coffee futures bullish sentiment
Sugar futures daily
Sugar futures bullish sentiment
Sugar futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators
Cocoa futures daily
Cocoa futures bullish sentiment
Cocoa futures Commitment of Traders large speculators and weekly DeMark Setup, Sequential, and Combo indicators