---
title: Who Trades Explosive Commodity Prices? Trend Followers, Contrarians, and the End of Price Run-ups
url: https://www.ml-quant.com/papers/ssrn/7681827/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-14
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7681827
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7681827
featured: 2026-11-13
citations: unknown
topic: Trading, Microstructure & Execution
---


# Who Trades Explosive Commodity Prices? Trend Followers, Contrarians, and the End of Price Run-ups

The study tracks commodity traders through explosive price episodes and finds managed money follows trends but stops buying as long-horizon trends strengthen, suggesting extrapolation does not amplify bubbles.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7681827
- Identifier: SSRN 7681827
- Released: 2026-11-09
- First featured: Quant Letter No. 139 (2026-11-13): https://www.ml-quant.com/issues/2026-11-13/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution
- Authors: Rafael Baptista Palazzi

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