Commodities Update - 02 Jul 16

BDI recovered further from 609 (24 Jun) to 677 (01 Jul)
Harpex remained low at 352.53 (25 Jun)

Summary
Most commodities closed higher except for grains closed mixed.

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

• Wheat

Neutral

• Cocoa
• Palladium (1)

Up Trend 

• Natural Gas

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

• Sugar
• Soybeans
• Soybean Meal
• Heating Oil
• 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