Sunday, January 18, 2015

Commodities Update - 16 Jan 15

BDI move slightly higher from 709 (09 Jan) to 741 (16 Jan)

Summary
More commodities trend are changing to UT higher despite stronger USD. COT also show sign of more buying interest.  Worth to start monitoring them again.

Trade I am in are

  • Natural Gas (Entry on 07 Jan)

Closed Trade

  • Corn (Entry on 09 Jan, SL triggered on 12 Jan)
  • Oats (Entry on 09 Jan 15, SL triggered on 12 Jan)
  • Natural Gas (Entry on 07 Jan, took partial on 14 Jan)
  
I may consider to trade if there is a long signal on the following:
 

UT
  • Corn, Wheat, Soybean Oil
  • Orange Juice
  • palladium (Neutral to UT)
  • Platinum (Neutral to UT)
  • US Cocoa (Neutral to UT)
  • Cocoa Bulk Bean (UK) (Neutral to UT) (3)

Neutral
  • Sugar Raw (DT to Neutral)

DT
  • Soybeans (Neutral to DT)
  • Coffee Robusta (3)
  • Oats
  • Lumber
  • Cotton

COT

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

Down Trend

  • Sugar Raw (from neutral to DT)
  • Coffee Arabica
  • Oats (1)
  • Soybeans
  • Soybean Meal
  • Orange Juice
  • Feeder Cattle
  • Rough Rice (1)
  • Lumber (1)
  • Natural Gas (1)
  • Gasoline
  • Copper (1)
  • Cotton

Neutral
  • None

Up Trend
  • Corn, Wheat
  • Platinum

Instruments that show selling interest at extreme
(2) only by Producer/Merchant/Processor/User

Down Trend

  • Crude

Note
(1) COT Index >= 90

(2) COT Index <= 10
(3) No COT data available

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






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