Commodities Update 05 May 18

BDI edged higher to 1384 (4 May) from 1361 (27 Apr)
Harpex continues to climb higher to 652.45 (28 Apr) from 646.19 (21 Apr)

COT 

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

• Sugar (1)
• Soybean Oil
• Platinum

Neutral

• Natural Gas (1)
• Silver

Up Trend

• Coffee
• Crude (1)

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

• Corn
• Soybeans
• Soybean Meal
• Cocoa
• Cotton
• 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

Coffee had tested the 2nd resistance (123) and broke hlf.

Orange Juice had closed with an outside on the daily chart.  Potential of a new trend.

Will closed 80% of the positions if the new trend is down.