2026-06-08

HY spreads at distress levels — 705bps, recession-associated

Platinum volume spike — 57.4× the 20-day average (1,693 vs 29 avg)

Silver volume spike — 37.3× the 20-day average (6,265 vs 168 avg)

Copper volume spike — 4.4× the 20-day average (5,005 vs 1,126 avg)

CFTC COPPER speculator at extreme long — contrarian bear signal

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

CFTC GOLD speculator at extreme short — contrarian bull signal

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

CFTC COPPER speculator at extreme long — contrarian bear signal

CFTC GOLD speculator at extreme short — contrarian bull signal

OSINT: Nasdaq 100 Futures Jump 1.5% as Iran Halts Ops, Trump Pursues Iran Deal

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

CFTC COPPER speculator at extreme long — contrarian bear signal

CFTC GOLD speculator at extreme short — contrarian bull signal

CFTC COPPER speculator at extreme long — contrarian bear signal

CFTC NATURAL GAS speculator at extreme long — contrarian bear signal

CFTC GOLD speculator at extreme short — contrarian bull signal

Gold volume spike — 2.9× the 20-day average (15,630 vs 5,462 avg)

OSINT: Ukrainian drones set Russia's Grushovaya oil terminal ablaze

OIL RSI 26.8 — oversold (crossed below 30)

OIL RSI 25.8 — oversold (crossed below 30)

OIL RSI 28.4 — oversold (crossed below 30)

Coffee volume spike — 2.1× the 20-day average (19,034 vs 9,270 avg)

Cocoa bear 5.1% vs prior close ($3,965.00 → $3,762.00)

Heating Oil bull 3.2% vs prior close ($3.59 → $3.70)

WTI Crude Oil bull 3.6% vs prior close ($90.54 → $93.79)

china_us_west shipping +27.8% — potential inflation signal

china_us_west shipping +27.8% — potential inflation signal

china_us_west shipping +27.8% — potential inflation signal

china_us_west shipping +27.8% — potential inflation signal

VIX at 18.5 — CAUTION territory

VIX at 18.8 — CAUTION territory

VIX at 21.5 — CAUTION territory

VIX at 21.5 — CAUTION territory

SOL open interest +257.8% — OI surge

BTC open interest -48.8% — OI collapse

ETH open interest +218.5% — OI surge

SOL open interest +260.4% — OI surge

BTC open interest -47.7% — OI collapse

ETH open interest +222.5% — OI surge

ETH open interest -59.9% — OI collapse

BTC open interest +284.5% — OI surge

SOL open interest +250.1% — OI surge

BTC open interest -45.6% — OI collapse

SOL open interest -66.5% — OI collapse

ETH open interest +241.5% — OI surge

ETH DEX volume/liquidity ratio elevated (0.54x) — strong on-chain trading activity

SOL DEX volume/liquidity ratio elevated (0.51x) — strong on-chain trading activity

SOL funding rate -0.0250% — SHORT SQUEEZE SETUP

ETH DEX volume/liquidity ratio elevated (0.51x) — strong on-chain trading activity

SOL DEX volume/liquidity ratio elevated (0.53x) — strong on-chain trading activity

SOL funding rate -0.0233% — SHORT SQUEEZE SETUP

DXY RSI 70.2 — overbought (crossed above 70)

DXY RSI 70.2 — overbought (crossed above 70)