Sunday, August 10, 2014

Commodities Update - 10 Aug 14

BDI rose from 751 (01 Aug) to 777 (08 Aug).

Commodities Update
Lumber, Wheat and Natural Gas had traded higher this week.
Most commodities remain weak except for Metals show sign on Fri.  May watch Metals.

I am monitoring the following:

  • Cotton (Double bottom based on weekly chart and consolidating this week), 
  • Natural Gas (monitor for 2ET),
  • Wheat (monitor for 2ET),
  • Coffee (may pull back based on weekly chart),
  • Platinum and
  • Palladium


Instruments that show buying interest by Producer/Merchant/Processor/User

Down Trend*

  • Sugar
  • Corn
  • Wheat
  • Oats (created 1ET)
  • Soybean (created 1ET)
  • Rough Rice      
  • Orange Juice 
  • Cotton
  • Platinum

Up Trend*

  • Lumber
  • Silver
  • Feeder Cattle (HLF 2ET, weakness for time being)
  • Gold
  • Palladium
*Down Trend and Up Trend is based on 50 Simple Moving Average


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