BDI closed slightly higher on 01 Aug to 751 from 739 on 25 Jul.
Most commodities was hit when USD strengthened. Some of the instruments tend to stand out and go against this are worth to monitor; Coffee, Cocoa and Wheat.
I will monitor more closely on the following:
Lumber, Cattle, Coffee, Cocoa, Natural Gas, Wheat
Commodities
Instruments that show buying interest by Producer/Merchant/Processor/User
Down Trend*
· Sugar
· Corn
· Wheat
· Oats
· Soybean
· Rough Rice
· Orange Juice
· Natural Gas
· Cotton
Neutral*
· Lumber
Up Trend*
· Copper
· Silver
Instruments that show buying interest from Dealer/Intermediary (sell-side
participants)
Up Trend*
· S & P
· Russell
*Down Trend and Up Trend is based on 50 Simple Moving Average
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