Sentiment on commodities is approaching rock bottom levels

Sentiment in the raw materials sector remains at ridiculously low levels, relative to the historical mean. The chart above, thanks to SentimenTrader, shows that the percentage of bulls is now at the lowest level in over a decade and half. Contrarians should definitely pay attention to the prices in coming weeks and months ahead, as a major bottom could be forming. For more on why commodity prices may be close to a bottom click the (VIEW LINK)

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter