Commodities Update - 28 May 16

BDI lower to 606 (27 May) from 625 (20 May)
No change on Harpex at 359.98 (21 May)

Summary
Most metals continue to close lower, Energy closed higher and most soft commodities closed higher.

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

• Cocoa
• Oats
• Copper
• Palladium

Neutral

• Wheat

Up Trend 

• Natural Gas (1)

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

• Sugar
• Soybeans
• Soybean Meal
• Lumber
• Heating Oil

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