Sunday, March 26, 2017

Commodities Update - 25 Mar 17

BDI closed at 1240 (24 Mar) near to last year high at 1257 (18 Nov 2016)
Harpex broke 400 mark to close at 404.35 (18 Mar)

Summary
Most metals closed higher, grains closed lower while the rest closed mixed.

COT 
Download Commodities COT

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

  • Cocoa (1)
  • Soybean Oil
Neutral
  • None
Up Trend
  • None

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

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








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