Commodities' long national nightmare may soon be over, at least according to one widely followed market voice.
"I think commodities are in a bottoming process," James Paulsen said Thursday on CNBC's "Futures Now."
Using crude oil as an example, Paulsen noted that despite being down sharply on the year, it has been trying to find its footing. "We saw it bottom in January and again in March," he said. And considering the 10 percent rally in oil on Thursday, Paulsen is even more convinced that the space will soon reach a floor rather than continue to collapse.