BDI closed slightly higher on 01 Aug to 751 from 739 on 25 Jul.
Most commodities was hit when USD strengthened. Some of the instruments tend to stand out and go against this are worth to monitor; Coffee, Cocoa and Wheat.
I will monitor more closely on the following:
Lumber, Cattle, Coffee, Cocoa, Natural Gas, Wheat
Instruments that show buying interest by Producer/Merchant/Processor/User
· Rough Rice
· Orange Juice
· Natural Gas
Instruments that show buying interest from Dealer/Intermediary (sell-side
· S & P
*Down Trend and Up Trend is based on 50 Simple Moving Average