- Continued dispersion within the commodity markets
- The make-or-break situation from last week failed, but it’s not yet declared impossible
- Metals sentiment is showing negative divergences
- I still like Coffee long, and it’s also at resistance.
Weekly overview of Currency and Commodity Markets published on Sunday. Includes occasional intraweek updates, DeMark analysis, Sentiment analysis, Commitment of Traders analysis and more.
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Commodity Weekly January 22, 2023
- Commodities still have wide dispersion.
- Crude bounced last week and will see some DeMark Sell Setup 9’s with make or break moment
- Natural Gas will be a buy this week – perhaps Tuesday or Wednesday
- Gold, Silver and Copper have DeMark sell Countdown 13’s still in play
Commodity Weekly January 16, 2023
- Commodities remain with wide dispersion across all markets
- I am watching metals – gold, silver, and copper have extremely overbought sentiment and DeMark exhaustion signals in play
- Gasoline futures are up substantially since the December lows and could have implications for the January CPI report.
Commodity Weekly January 8, 2023
- Continued dispersion within the Commodity Markets
- Bloomberg Commodity Index hit a new low
- Energy is mixed with potential for upside in the short term while the intermediate time frame still is a concern
- Cotton and Copper have breakout potential and Cocoa, Sugar, and Livestock could continue lower
- Grains struggling to hold support notably wheat
Commodity Weekly January 4, 2023
- Wide dispersion within the commodity markets continues
- Energy remains under pressure making new lows; Metals are nearing upside exhaustion
- Grains are basing with softs stalling with livestock reversing lower off recent highs
Commodity Weekly December 26, 2022
- Commodity markets continue with a wide dispersion of what is and isn’t working.