Sentiment on commodities is approaching rock bottom levels

Sentiment in the raw materials sector remains at ridiculously low levels, relative to the historical mean. The chart above, thanks to SentimenTrader, shows that the percentage of bulls is now at the lowest level in over a decade and half. Contrarians should definitely pay attention to the prices in coming weeks and months ahead, as a major bottom could be forming. For more on why commodity prices may be close to a bottom click the (VIEW LINK)