Saturday, October 17, 2015

Commodities Update - 17 Oct 15

BDI continue to decline to 754 (16 Oct) from 809 (09 Oct)

Summary
Most commodities closed mixed except for energy pull back across the board

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

  • Natural Gas
  • Neutral
  • Wheat
  • Orange Juice
Neutral
  • None
Up Trend
  • Lumber
  • Coffee Arabica
  • Oats
  • Palladium

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

  • Crude
Neutral
  • None
Down Trend
  • None

Note
(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








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