Summary
Commodities are mixed this week. Coffee Arabica, Sugar Raw, Corn, Soybean Oil are trading higher despite USD is stronger than previous week. Some of the commodities are changing trend, worth to monitor for possible trade but go small until the change of trend is confirmed
Trade I am in are
- Corn (Entry on 09 Jan)
- Natural Gas (Entry on 07 Jan)
- Oats (Entry on 09 Jan 15, SL 28 Nov 14)
Closed Trade
- Corn (Entry on 05 Jan, Closed on 07 Jan)
I may consider to trade if there is a long signal on the following:
- UT
- Corn, Wheat, Soybean Oil
- Orange Juice
- palladium (Neutral to UT)
- Neutral
- US Cocoa, Cocoa Bulk Bean (UK) (2)
- Soybean (UT to Neutral)
- DT
- Coffee Arabica
- Oats
- Lumber
- Sugar Raw
- Cotton
COT
Instruments that show buying interest by Producer/Merchant/Processor/User
Down Trend
- Sugar Raw (from neutral to DT)
- Coffee Arabica
- Oats
- Feeder Cattle
- Rough Rice (1)
- Lumber (1)
- Natural Gas (1)
- Copper (1)
- Cotton
- Platinum
Neutral
- None
Up Trend
- Corn, Wheat
(1) COT Index > 90
(2) No COT data available
Down Trend and Up Trend is based on 50 Simple Moving Average
No comments:
Post a Comment