Sunday, August 30, 2015

Commodities Update - 29 Aug 15

BDI continue to retrace from 994 (21 Aug) to 903 (28 Aug)

Summary

Coffee, Sugar, cocoa and energy trade higher this week while the rest  are lower.

COT
Instruments that show buying interest
(3) by Producer/Merchant/Processor/User
Down Trend

  • Coffee Arabica
  • Cocoa
  • Sugar (1)
  • Oats (1)
  • Gasoline
  • Natural Gas
  • Copper
  • Silver
  • Palladium (1)
  • Lumber (1)
Neutral
  • None
Up Trend
  • Orange Juice

Instruments that show selling interest at extreme
(2) only by Producer/Merchant/Processor/User
Up Trend

  • None
Neutral
  • None
Down Trend
  • Crude
Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT
Down Trend and Up Trend is based on 50 Simple Moving Average 






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