First Rule of Trading 101
I should sell when everybody wants it and buy when nobody does.
At the beginning of June it seemed that everyone was bullish. Money was flowing into commodities.
Now as we approach month’s end everyone is now bearish and many “weak handed” longs have either liquidated or in some cases, even gotten short.
This is possibly when one would want to buy, especially in those markets where the pressure has been the greatest. I like coffee. Look what sugar is doing!