Commodities Update - 12 Sep 15

BDI slipped lower from 875 (04 Sep) to 818 (11 Sep)

Summary
Commodities are mixed this week.
News of stronger El Nino start to surface again

• Met office: strongest El Nino since 1950 on the way

...potentially become one of the strongest events since 1950...

• Can this year's El Nino help fight California's drought?

...95 percent chance that a strong El Nino weather condition is forming in the Pacific Ocean and will continue through the winter...

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

• Coffee Arabica (1)
• Sugar
• wheat
• Oats (1)
• Natural Gas
• Gold
• Silver
• Palladium (1)
• Lumber (1)

Neutral

• None

Up Trend

• None

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