Sunday, April 2, 2017

Commodities Update - 01 Apr 17

BDI broke year 2016 high and closed at 1297 (31 Mar) from 1240 (24 Mar)
Harpex closed higher by 8% at 438.94 (25 Mar) from 404.35 (18 Mar)
Summary
Energy closed higher while the rest are mixed.

COT 
Download Commodities COT

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

  • Cocoa (1)
  • Soybean Oil
  • Sugar
Neutral
  • Corn
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
  • Feeder Cattle

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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