Commodities Update - 17 Dec 16

BDI lower again from 1090 (09 Dec) to 946 (16 Dec)
Harpex remained flat at 314.83 (10 Dec)

Summary
Energy closed higer, metals closed lower, the rest are mixed.

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

• Cocoa
• Rough Rice

Neutral

• None

Up Trend

• None

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

• Crude
• Heating Oil
• Copper
• Cotton

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
Down Trend and Up Trend is based on 50 Simple Moving Average