Commodities are mixed this week.
News of stronger El Nino start to surface again
...potentially become one of the strongest events since 1950...
...95 percent chance that a strong El Nino weather condition is forming in the Pacific Ocean and will continue through the winter...
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
- Coffee Arabica (1)
- Oats (1)
- Natural Gas
- Palladium (1)
- Lumber (1)
Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT
Down Trend and Up Trend is based on 50 Simple Moving Average