Sunday, December 14, 2014

Commodities Update - 13 Dec 14

BDI continue to accelerate down from 982 (05 Dec) to 863 (12 Dec) on seasonal trend.

Summary
Most commodities are trading lower this week except for some, do monitor them for possible potential upside

Trade I am in are

  • Corn (Entry on 20 Nov & 10 Dec)
  • Wheat (Entry on 21 Nov & 11 Dec)
  • Palladium (Entry on 26 Nov & 09 Dec)
  • Cotton (Entry on 26 Nov)
  • Lumber (Entry on 02 & 11 Dec)
Closed Trade
  • Corn (Entry on 04 Dec, Closed on 08 Dec)
  • Wheat (Entry on 05 Dec, took partial on 08 Dec)
  • Wheat (Entry on 05 Dec, Closed on 09 Dec)
  • Palladium (Entry on 09 Nov, Closed on 12 Dec)
  • Lumber (Entry on 02 Dec, took partial on 09 Dec)
      
I may consider to trade if there is a long signal on the following:

  • UT
    • Corn, Wheat, Soybean Meal
    • Orange Juice
    • Palladium
  • Neutral
    • Sugar Raw, Lumber
  • DT
    • Rough Rice, Cotton, Coffee Arabica
    • Natural Gas
COT

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

Down Trend

  • Oats
  • Soybean Oil
  • Rough Rice (1)
  • Feeder Cattle
  • Heating Oil
  • Copper (1)
  • Coffee Arabica (from neutral to DT)
  • Cotton
  • Natural Gas (1) (from neutral to DT)

Neutral

  • Sugar Raw (from DT to neutral)
  • Lumber (from DT to neutral)

Up Trend

  • Soybean Meal
  • Palladium
Note
(1) COT Index > 90

(2) No COT data available

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






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