Sunday, October 9, 2016

Commodities Update - 08 Oct 16

BDI recovered from 875 (30 Sep) to 921 (07 Oct)
Harpex edge back to 328.50 (01 Oct) from 328.09 (24 Sep)

Summary
Energy continues to close higher, Metals closed lower while others are mixed.

COT
Instruments that show buying interest (2) by Producer/Merchant/Processor/User
Down Trend
  • Cocoa (1)
  • Wheat
Neutral
  • Corn
  • Rough Rice
Up Trend
  • None

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

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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