Sunday, September 6, 2020

Commodities Update 05 Sep 2020

BDI closed lower from 1,488 (29 Aug) to 1,362 (04 Sep)
Harpex rallied for another week to 665.87 (28 Aug) from 627.11 (21 Aug)

COT 

Download Commodities COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
  • None
Neutral
  • None
Up Trend
  • Natural Gas (1)
  • Gasoline
  • Palladium

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
  • Soybean
  • Coffee
  • Copper
Neutral
  • None
Down Trend
  • Rough Rice

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 a trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

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