Monday, March 21, 2011

Commodity Sentiment

This Fridays commitment of traders report showed that a basket of commodity futures speculators remain extreme bullish. The basket is presented under my own tool against the CRB Index and the futures contracts are weighted to that of the CRB weightings as well.
Merrill Lynch Fund Managers Survey for the month of March 2011, showed managers were trimming commodities exposure allocations with net 21% OW from 28% OW last month.

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