Commodities Update 02 Dec 2023

BDI accelerated higher, from 2,102 (24 Nov) to 3,192 (01 Dec)

Harpex edged higher, from 832 (24 Nov) to 833 (01 Dec)

CDFI in sync with BDI to accelerate higher, from 1,175.71 (24 Nov) to 1,385.95 (01 Dec)

CCFI closed lower from 876.74 (24 Nov) to 857.72 (01 Dec)

COT     

Download Commodities COT

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

• Wheat (1)
• Corn (1)
• Soybeans
• Soybean Oil
• Palladium (1)
• Gasoline
• Crude
• Cotton
• Feeder Cattle

Neutral

• Copper

Up Trend

• Orange Juice

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

• Rough Rice

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 a trend reversal
Down Trend and Up Trend are based on 50 Simple Moving Averages.