Commodities Update - 01 Nov 14

BDI continue to go higher closing 1428 (31 Oct) from 1192 (24 Oct).

Summary
Most grains continue to hedge higher and profit taking on Thu and Fri except for Rough Rice.  LHF formed, I will continue to watch.

Trade I am in are

•     Natural Gas (Entry on 28 Oct)

Closed Trade

•     Wheat (Entry on 28 Oct, closed on 30 Oct)
•     Soybean Meal (closed on 29 Oct)
•     Corn (Entry on 28 Oct, closed on 30 Oct)

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

• Natural Gas, Heating Oil (DT)
• Rough Rice, Corn, Wheat, Soybean, Soybean Meal (DT)
• Coffee (UT)
• Palladium, Platinum, Silver, Copper (DT)

Those in DT will wait for 2ET

Commodities

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

• Cocoa
• Rough Rice (1)
• Natural Gas (1)
• Heating Oil
• Copper
• Platinum
• Palladium
• Silver (1) Copper
• Lumber

Neutral

• Orange Juice (1)

Up Trend

• Coffee

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