Sunday, November 22, 2015

Commodities Update - 21 Nov 15

BDI broke below 500 mark closed the week at 498 (20 Nov) at all time low (10 yrs low).  I only managed to get 10 years chart from CNBC web site (The BDI chart below copyright belong to CNBC).

Summary
Commodities closed mixed for various category

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

  • Soybean Meal (1)
  • Lumber
  • Gasoline
  • Natural Gas
  • Copper
  • Palladium
  • Platinum
Neutral
  • Coffee Arabica (1)
Up Trend
  • Wheat (1)

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

 






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