Sunday, August 3, 2014

Commodities Update - 01 Aug 14

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

Down Trend*
·         Sugar
·         Corn
·         Wheat
·         Oats
·         Soybean
·         Rough Rice      
·         Orange Juice 
·         Natural Gas
·         Cotton

·         Lumber

Up Trend*
·         Copper
·         Silver

Instruments that show buying interest from Dealer/Intermediary (sell-side
Up Trend*
·         S & P
·         Russell

*Down Trend and Up Trend is based on 50 Simple Moving Average

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