Commodities Update - 20 Feb 16

BDI recovered above 300 to 315 (19 Feb) from 291 (12 Feb)

Summary
Most commodities closed lower except for Grains edge slightly higher

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

• US Cocoa
• Coffee Arabica
• Wheat
• Oats
• Soybean Meal (1)
• Palladium 
• Natural Gas (1)
• Cotton

Neutral

• Copper

Up Trend 

• Lumber

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

• Silver

Neutral 

• None

Down Trend 

• Crude
• Heating Oil

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