Sunday, May 31, 2015

Commodities Update - 30 May 15

BDI little change closing at 589 (29 May) from 586 (22 May)

Summary
Most commodities continue to closed lower.  Natural gas is the worst performer, down more than 8%

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

  • Coffee Arabica (1)
  • Oats
  • Corn
  • Soybean
  • Soybean Meal
  • Rough Rice (1)
Neutral
  • Wheat (UT to Neutral)
  • Orange Juice (1)
  • Lumber (DT to Neutral)
Up Trend 
  • Cotton
  • Gasoline

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

  • Crude
  • Soybean Oil
  • Feeder Cattle
Down Trend 
  • Copper

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) No COT data available
Down Trend and Up Trend is based on 50 Simple Moving Average 






No comments:

Post a Comment