2026-05-22

Copper volume spike — 18.0× the 20-day average (41,401 vs 2,300 avg)

Gold volume spike — 241.0× the 20-day average (106,230 vs 440 avg)

Platinum volume spike — 259.1× the 20-day average (13,124 vs 50 avg)

Silver volume spike — 13.8× the 20-day average (25,615 vs 1,853 avg)

Cocoa volume spike — 2.5× the 20-day average (14,971 vs 5,962 avg)

Coffee volume spike — 2.8× the 20-day average (8,179 vs 2,955 avg)

CFTC COPPER speculator at extreme long — contrarian bear signal

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

OSINT: Ruble volatility spikes as Russian FX market reacts to new sanctions

CFTC COPPER speculator at extreme long — contrarian bear signal

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

OSINT: SpaceX S-1 filing shows 18,712 BTC held at $35.3k avg cost

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

CFTC COPPER speculator at extreme long — contrarian bear signal

Oil +1.25% — significant rally

OSINT: UK RAF Conducts RUMMY 02 OTT Exercise at Brize Norton

Ukraine Black Sea Belt: crop water stress detected (2.0σ above baseline) — potential ZW=F supply pressure

Oil +2.08% — significant rally

Fed net liquidity surged $207bn in 4 weeks — significant injection, risk-on tailwind

OSINT: UK RAF Conducts RUMMY 02 OTT Exercise at Brize Norton

Financial conditions loosening — NFCI at -0.52, liquidity supportive

BROWN FORMAN CORP search volume spiked +100 pts — unusual interest

SPY RSI 71.8 — overbought (crossed above 70)

ALEXANDRIA REAL ESTATE EQUITIES, INC. search volume spiked +100 pts — unusual interest

EW job postings down -28% WoW — potential restructuring

SPY RSI 72.2 — overbought (crossed above 70)

ROYAL BANK OF CANADA search volume spiked +65 pts — unusual interest

HSIC job postings down -29% WoW — potential restructuring

ALL job postings down -33% WoW — potential restructuring

AFL job postings down -36% WoW — potential restructuring

NKE job postings down -25% WoW — potential restructuring

EW job postings down -28% WoW — potential restructuring

ROYAL BANK OF CANADA search volume spiked +65 pts — unusual interest

SBUX job postings down -50% WoW — potential restructuring

HWM job postings down -32% WoW — potential restructuring

HSIC job postings down -29% WoW — potential restructuring

AFL job postings down -36% WoW — potential restructuring

ALL job postings down -33% WoW — potential restructuring

ETH RSI 24.2 — oversold (crossed below 30)

ETH RSI 26.6 — oversold (crossed below 30)

ETH RSI 27.1 — oversold (crossed below 30)