Summary
Feeder Cattle hit new high and closed lower on Fri, Coffee and cocoa are trading higher while Grains and Metals are stable and Energy remained weak.
Trade I am in are
- Coffee Arabica (29 Sep, broke LHF)
- Cotton (10 Oct, broke LHF, 3ET)
Closed Trade
- Sugar (Entry on 03 Oct, closed on 08 Oct)
- Feeder Cattle (Entry on 17 Sep, closed on 10 Oct)
- Coffee Arabica (Entry on 29 Sep, took partial on 08 Oct)
- Cotton (Entry on 01 Oct, Closed on 09 Oct)
- Oats (Entry on 06 Oct, Closed on 08 Oct)
- Rough Rice (Entry on 06 Oct, Closed on 08 Oct)
I may consider to trade if there is a long signal on the following:
- Natural Gas (UT, watching for LHF)
- Lumber (UT, watching for LHF)
- Rough Rice (DT, watching for LHF, range bound in weekly chart)
- Palladium, Platinum (DT, broke LHF this week, watching for 2ET)
Those in DT will wait for 2ET
Commodities
Instruments that show buying interest by Producer/Merchant/Processor/User
Down Trend
- Cocoa (Neutral to DT)
- Sugar
- Soybeans (1)
- Soybean Meal
- Rough Rice (1)
- Orange Juice (1)
- Gasoline
- Heating Oil
- Copper (consolidation)
- Platinum
- Palladium
- Silver (1)
- Gold
- Copper
- Cotton (1)
Neutral
- None
Up Trend
- Natural Gas (1)
- Lumber (Neutral to UT)
Note
(1) COT Index > 90
(2) Price may have hit bottom
Down Trend and Up Trend is based on 50 Simple Moving Average
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