Sunday, September 21, 2014

Commodities Update - 20 Sep 14

BDI decline to 1075 (19 Sep) from 1181 (12 Sep).

Commodities Update
Most commodities price continue to go lower due to stronger USD except for Feeder Cattle and Cocoa .  Advise to have short term or intraday trade unless is in UT.

I will continue to have lesser trade on commodities and more on Forex and Indices
I may consider to trade if there is a long signal on the following:

  • Cotton (DT),
  • Coffee (UT),
  • Orange Juice (UT)
  • Feeder Cattle (UT)
  • Cocoa (Neutral)
Most probably one from each category
  • Rough Rice (DT), Wheat (DT)
  • Natural Gas (DT), Gasoline (DT), Heating Oil (DT)
  • Copper (DT), Silver (DT), Platinum (DT), Palladium (DT)
Those in DT will wait for 2ET


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

  • Sugar
  • Coffee
  • Corn
  • Soybeans (1)
  • Soybean Meal
  • Wheat
  • Rough Rice (1) (2ET formed but range bound within 12 Sep bar)
  • Cotton (1)
  • Natural Gas (1) (Consolidating for 3 weeks)
  • Gasoline (1ET formed)
  • Heating Oil
  • Copper (1ET formed)
  • Platinum
  • Palladium
  • Silver (1)
  • Gold
  • Copper


  • US Cocoa (1ET formed)
Up Trend

  • Feeder Cattle
  • Orange Juice (Trading range bound within 26 Aug bar, be careful)

(1) COT Index > 90
(2) Price may have hit bottom
Down Trend and Up Trend is based on 50 Simple Moving Average


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