Commodities Update - 04 Oct 14

Despite of stronger USD, Feeder Cattle, Lumber and Coffee are trading higher while others continue to go lower.  Going for short term or intraday trade unless is in UT

Trade I am in are

•     Sugar (03 Oct, broke LHH)
•     Feeder Cattle (17 Sep, broke LHF)
•     Coffee Arabica (29 Sep, broke LHF)
•     Cotton (01 Oct, broke LHF, 2ET, Consolidation)

Closed Trade

•     Sugar (Entry on 25 Sep, closed on 1 Oct)
•     Rough Rice (Entry on 19 Sep, closed on 1 Oct)
•     Natural Gas (Entry on 23 Sep, closed on 1 Oct)

I may consider to trade if there is a long signal on the following:

•     Oats (Neutral, may formed 2ET next week)
•     Natural Gas (UT, may break LHF next week)
•     Lumber (waiting for pull back and long when break LHF)
•     Rough Rice  (DT, may break LHF next week)

Those in DT will wait for 2ET

Commodities
Instruments that show buying interest by Producer/Merchant/Processor/User
 
Down Trend

•  Sugar
•  Coffee Arabica
•  Oats
•  Soybeans (1)
•  Soybean Meal
•  Wheat
•  Rough Rice (1)
•  Cotton (1)
•  Orange Juice (1)
•  Gasoline
•  Heating Oil
•  Copper
•  Platinum
•  Palladium
•  Silver (1)
•  Gold
•  Copper

Neutral

•  Oats
•  Lumber
•  Cocoa

Up Trend

•  Feeder Cattle
•  Natural Gas (1)

Note
(1) COT Index > 90
(2) Price may have hit bottom
Down Trend and Up Trend is based on 50 Simple Moving Average