Commodities Update - 07 May16

BDI sharp pull back to 631 (06 May) from 703 (29 Apr)
Harpex edge higher from 357.91 (23 Apr) to 358.74 (30 Apr)

Summary
Most commodities closed lower this week while USD strengthened

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

• None

Neutral

• Oats

Up Trend 

• Natural Gas (1)
• Palladium (1)

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

• Sugar
• Soybeans
• Lumber
• Heating Oil
• Gold
• Silver

Neutral 

• None

Down Trend 

• None

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(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