Sunday, April 29, 2018

Commodities Update 28 Apr 18

BDI rasied to 1361 (27 Apr) from 1281 (20 Apr).
Harpex broke Year 2015 high (645.82) to close at 646.19 )21 Apr) from 6421.61 (14 Apr)

COT 
Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • Coffee
  • Sugar (1)
  • Soybean Oil
Neutral
  • Natural Gas (1)
  • Orange Juice
  • Silver
Up Trend
  • Crude (1)

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
  • Cocoa
  • Soybean Meal
  • Rough Rice
  • Gasoline
  • Lumber
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


Mar 2018 posted on Monitoring Coffee and Orange

Orange Juice is moving up nicely.  Fri closed with a -roc, just beware.
Potential resistance around 151.6, 167.7

Coffee broke lhf 2 ET on Fri and broke out.
Potential resistance around 121, 123, 127, 128, 137



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