Sterling Smith is developer and publisher of the FuturesOne Power Index, and a 15-year market veteran. Registered as a CTA he is a noted Coffee, Sugar and Cocoa analyst. Sterling works with clients of all sizes to help improve their trading.

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Crude Oil

We are already down $5.00 in early trading and I am expecting this trend to continue through the week, with a test of the lows around 90.00 a very real possibility by the end of this week.

S&P 500

My name is Sterling Smith, and I am bullish on America, I seem to be the only one at the moment, but that's my line and I am sticking to it. Given the huge amount of bad news that the market has absorbed, it has held up remarkably well. I think we are grappling for lows, and they should be soon.

Gold & Silver

Calmer nerves and a firmer US Dollar could lead to a rather alarming sell off in both of these.

Cocoa

Cocoa is starting the week poorly and I expect this to continue, so I am looking for cocoa to go lower.

Copper

Copper has broken sharply through a key area of support and is trading in area that looks like no man's land to me. Look for this market to be very choppy and a rough ride through here.