Commodities Update 24 Mar 18

BDI closed at 1122 (23 Mar) from 1150 (16 Mar)
Harpex gained higher to 597.88 (17 Mar) from 579.69 (10 Mar) 

COT 

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

• Coffee
• Sugar (1)
• Natural Gas (1)
• Silver

Neutral

• Crude

Up Trend

• Orange Juice

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

• Soybean Meal
• Corn
• Gasoline

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

Monitoring Coffee and Orange
Coffee tested long-term support.
Orange Juice going to test long-term channel support.

Can go lower? Possible but limited based on chart.

Long-term

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