Commodities Update - 08 Nov 14

BDI edge higher this week to 1437 (07 Nov) from 1428 (31 Oct).

SummaryNatural Gas outperformed this week.  Grains was weak this week.

Trade I am in are

•     Feeder Cattle (Entry on 04 Nov)
•     Heating Oil (Entry on 07 Nov)
•     Palladium (Entry on 07 Nov)

Closed Trade

•     Natural Gas (Entry on 28 Oct, closed on 06 Nov)
•     Coffee (Entry on 03 Nov, SL triggered on 04 Nov)
•     Heating Oil (Entry on 03 Nov, SL triggered on 04 Nov)
•     Palladium (Entry on 03 Nov, SL triggered on 04 Nov)
•     Soybean Meal (Entry on 06 Nov, closed on 06 Nov)

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

• Natural Gas (Neutral)
• Coffee (UT), Rough Rice, Corn, Wheat, Soybean, Soybean Meal (DT)
• 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
• Coffee
• Rough Rice (1)
• Lumber
• Heating Oil
• Copper
• Platinum
• Palladium
• Silver (1)
• Copper
• Gold
• Orange Juice (1) (Neutral to DT)

Neutral

• Natural Gas (1)

Up Trend

• Coffee

Note
(1) COT Index > 90
Down Trend and Up Trend is based on 50 Simple Moving Average