Sunday, May 14, 2017

Commodities Update - 13 May 17

BDI edge higher from 994 (5 May) to 1014 (12 May)
Harpex went higher from 523.33 (29 Apr) to 533.47 (06 May) 

Summary
Energy 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

  • Sugar
  • Coffee
  • Soybeans
  • Platinum
Neutral
  • Cocoa (1)
  • Corn (1)
  • Soybean Oil (1)
  • Gasoline (1)
Up Trend
  • Natural Gas

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

  • Feeder Cattle
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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