Geneal Update on Multiple Markets

Click on Charts to Enlarge

There are a bunch of charts above which follow up on my recent comment on being bearish crude oil (and gasoline), and bullish on natural gas, soybeans, and wheat. There are seasonal tendencies which also support a potential advance in grains (like soybeans and wheat). Basically the smart commercial traders are bullish on the grains and nat gas and very bearishly positioned in oil. Surveys show generally high optimism on oil and are very bearish on the others. So from a contrary standpoint, it makes sense to go against consensus and with the smart commercials.