Commodities Update - 09 Jul 16

BDI continue higher from 677 (01 Jul) to 703 (08 Jul)
Harpex break another low to 351.7 (02 Jul) from 352.53 (25 Jun)

Summary
Most soft commodities and energy closed lower while the rest closed higher.

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

• Wheat

Neutral

• Palladium

Up Trend 

• Natural Gas

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

• Sugar
• 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