Commodities Update - 16 Jan 16

BDI slide further from 429 (08 Jan) to 373 (15 Jan)

Summary
Most commodities continue to close lower.  Energy is the worst hit, Natural gas down by 14% and Crude down by 12%

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

• Coffee Arabica
• Corn
• Wheat
• Soybeans
• Soybean Meal (1)
• Silver
• Copper (1)
• Palladium (1)
• Platinum
• Lumber

Neutral

• Natural Gas (1)

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