Sunday, February 15, 2015

Commodities Update - 14 Feb 15

BDI continue to move new low to 530 (13 Feb) from 559 (06 Feb).  For companies and commodities to have more upside, BDI will need to go higher gradually after Lunar Chinese new year.

Summary
Most commodities are trading slightly positive this week while the dollar index is weakening.  May continue to watch and add some positions especially those that are UT counter.

Trade I am in are

  • Cocoa Bulk Bean (UK) (Entry on 12 Feb)
  • Cotton (Entry on 13 Feb)
  
I may consider to trade if there is a long signal on the following:
 

UT
  • Corn
  • Cotton
  • 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

  • Coffee Arabica
  • Oats (1)
  • Soybeans (1)
  • Soybean Meal
  • Wheat
  • Orange Juice
  • Feeder Cattle
  • Rough Rice (1)
  • Lumber (1)
  • Natural Gas (1)
  • Platinum (From UT to DT)
Neutral
  • Cocoa (From DT to Neutral)
  • Sugar Raw (From DT to Neutral)
  • Soybean Oil (From DT to Neutral)
  • Palladium
Up Trend
  • Corn 
 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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