Wheat and sugar, different as they are, are both bumping along some low price levels and showing some signs of bottoming action; non-commercials COT data is supporting that possibility, early though it may be. And copper is in what may be a triangle (coil?) formation with total open interest well off its highs of the summer.
This RadarScreen capture shows the net change in the net non-commercial position, expressed as a percent of the total non-commercial open interest, in the Commitments of Traders (COT) data released Friday, September 27.
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Written by Stanley Dash, VP, Applied Technical Analysis, TradeStation.Follow TradeStation