Sunday, March 1, 2015

Commodities Update - 28 Feb 15

BDI rebound to 540 (27 Feb) from a low at 513 (20 Feb).  BDI may have reached the bottom.

Summary
Most metals and grains commodities are trading positive this week  while some energy commodities are trading positive.


Trade I am in are
  • Cocoa Bulk Bean (UK) (Entry on 27 Feb)

Closed Trade

  • Cocoa Bulk Bean (UK) (Entry on 12, 17 Feb, took profit on 25 Feb)
  • Cotton (Entry on 24 Feb, took profit on 27 Feb)

I may consider to trade if there is a long signal on the following:
UT

  • Corn
  • Cotton
  • Platinum
  • Cocoa Bulk Bean (UK) (3)
  • Gasoline (From neutral to UT)

Neutral

  • Gold, Silver, Palladium

DT

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

COT

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

Down Trend

  • Coffee Arabica
  • Oats (1)
  • Wheat
  • Orange Juice (1)
  • Rough Rice (1)
  • Lumber (1)
  • Natural Gas (1)
  • Platinum
  • Sugar Raw (From Neutral to DT)

Neutral

  • Silver (From UT to Neutral)
  • Gold (From UT to Neutral)

Up Trend

  • Corn
  • Gasoline (From neutral 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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