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MacroVoices #347 Ole Hansen: Commodities Can Go Up Even In Recession

Macro Voices

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Commodity Futures Market Commitment of Traders Report

Some of that recession has been priced in, I would say almost at these levels and the market has been holding up remarkably well. Let's move on to page nine now for commodity futures traders like myself. The commitment of traders report is kind of the Holy Grail of weekly data. It gives us a good idea about not only the major trends so the size of the position relatively to the historic norms but also what kind of impact the potential reversal in the market could have on the price action.

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