Commodities Update - 24 Oct 15

BDI hedge higher from 754 (16 Oct) to 774 (23 Oct)

Summary
Most commodities closed lower after USD surge against most currencies.

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

• Coffee Arabica
• Natural Gas
• Gasoline
• Wheat (1)

Neutral

• Oats

Up Trend

• Orange Juice
• Lumber
• Palladium

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

• None

Neutral

• None

Down Trend

• Crude

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