Commodities Update - 24 Sep 16

BDI rallied to 940 (23 Sep) from 800 (16 Sep)
Harpex continue to go lower from 330.99 (10 Sep) to 328.50 (17 Sep)

Summary
Most metals and energy closed higher while soft commodities closed mixed.

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

• Cocoa (1)
• Wheat
• Corn
• Oats
• Rough Rice
• Natural Gas

Neutral

• None

Up Trend

• None

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

• Coffee
• Sugar
• Soybean Oil

Neutral

• Cotton

Down Trend

• Silver

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