Sunday, February 8, 2015

Commodities Update - 07 Feb 15

BDI move to another new low from 608 (30 Jan) to 559 (06 Feb)

Summary
This week most energy commodities had a technical rebound on Fri, while other commodities are weak and mixed.
  
I may consider to trade if there is a long signal on the following:
UT

  • Corn [Watch more closely]
  • Cotton [Watch more closely]
  • Gold, Silver
  • palladium
  • Platinum
  • Cocoa Bulk Bean (UK) (3)

 

Neutral
  • None

DT

  • Oats
  • Wheat
  • Orange Juice
  • Sugar Raw
  • Lumber
  • Gasoline


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

Down Trend

  • Cocoa
  • Sugar Raw
  • Coffee Arabica
  • Oats (1)
  • Soybeans
  • Soybean Oil
  • Soybean Meal
  • Wheat
  • Orange Juice
  • Feeder Cattle
  • Rough Rice (1)
  • Lumber (1)
  • Natural Gas (1)
  • Copper
Neutral
  • Palladium

Up Trend

  • Corn (From DT to UT)
  • Cotton (From DT to UT)


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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