Sunday, September 4, 2016

Commodities Update - 03 Sep 16

No change for BDI this week at 720 (02 Sep)
Harpex continues to lower to 337.20 (27 Aug) from 341.76 (20 Aug) 

Summary
Most commodities closed lower.

COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend 
  • Wheat
  • Corn
  • Oats
Neutral
  • None
Up Trend 
  • Cocoa
  • Natural Gas

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
  • Up Trend 
  • Coffee
  • Silver
Neutral 
  • None
Down Trend 
  • Heating Oil
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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