Sunday, February 1, 2015

Commodities Update - 31 Jan 15

BDI hit new low to 608 (30 Jan) from 720 (23 Jan) after the US sub prime crisis.

One of the contributing factor could be seasonal effect, Lunar New Year is on Feb and China factory will be shutting down for about 2 weeks, thus shipping is slowing down.  Where as last year (2014) which is at end of Jan. Another contributing factor could be crude oil, as I came across some reports mentioned that traders used supertanker as crude storage and wait for the higher price to sell off.  Thus this also meant crude supply is more than demand.

BDI will need to pick up again by 3rd or 4th week of Feb if the economy is back on track to grow.

This week most energy commodities closed higher on Fri closing, while other commodities are either weak or mixed.
I may consider to trade if there is a long signal on the following:

  • Corn, Wheat
  • Orange Juice
  • Gold, Silver
  • palladium
  • Platinum
  • Cocoa Bulk Bean (UK) (3)

  • Sugar Raw


  • Oats
  • Lumber
  • Cotton

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

Down Trend

  • Cocoa
  • Sugar Raw
  • Coffee Arabica
  • Oats (1)
  • Soybeans
  • Soybean Oil
  • Soybean Meal
  • Corn (From UT to DT)
  • Wheat (From UT to DT)
  • Feeder Cattle
  • Rough Rice (1)
  • Lumber (1)
  • Natural Gas (1)
  • Copper (1)
  • Cotton (1)


  • Palladium

Up Trend

  • None

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

Down Trend

  • Crude

(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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