Sunday, April 23, 2017

Commodities Update - 22 Apr 17

BDI lower to 1195 (21 Apr) from 1296 (13 Apr)
Harpex closed at 516 )15 Apr) from 513.79 (08 Apr)

Summary
Most commodities closed lower this week.

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

  • Soybeans
  • Cocoa (1)
  • Soybean Oil
  • Sugar
Neutral
  • Corn
  • Wheat
Up Trend
  • None

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

  • Feeder Cattle
  • 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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