#Bonds# Strength sco...from InvestMacro

#Bonds# Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the Ultra 10-Year Bonds (19.8 percent), the 3-Month Eurodollars (8.9 percent) and the 10-Year Bonds (8.3 percent) are leading the rising trend scores over the past six weeks. The 5-Year Bonds (-23.5 percent) and the US Treasury Bond (-18.3 percent) leads the trends on the downside while the 2-Year Bonds (-10.5 percent) and the Ultra US Treasury Bond (-4.4 percent) also show negative six-week trends.

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The Gold Comex Futures large speculator standing this week was a net position of 278,653 contracts in the data reported through Tuesday. This was a weekly decrease of -17,551 contracts from the previous week which had a total of 296,204 net contracts. This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 86.0 percent. The commercials are Bearish-Extreme with a score of 13.0 percent and the small traders (not shown in chart) are Bullish with a score of 61.2 percent. Price Trend-Following Model: Uptrend Our weekly trend-following model classifies the current market price position as: Uptrend.

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The Silver Comex Futures large speculator standing this week was a net position of 60,431 contracts in the data reported through Tuesday. This was a weekly reduction of -5,924 contracts from the previous week which had a total of 66,355 net contracts. This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 92.5 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bullish with a score of 76.1 percent. Price Trend-Following Model: Strong Uptrend Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

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Leading the gains for the softs markets was Sugar (18,663 contracts) with Cotton (3,789 contracts) and Coffee (3,163 contracts) also having positive weeks. The markets with the declines in speculator bets this week were Corn (-93,072 contracts), Soybeans (-36,877 contracts), Soybean Oil (-28,553 contracts), Wheat (-17,962 contracts), Lean Hogs (-11,565 contracts), Soybean Meal (-11,451 contracts), Cocoa (-4,384 contracts) and Live Cattle (-3,732 contracts) also registering lower bets on the week.

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