BDI continue to run up from 450 (01 Apr) to 539 (08 Apr)
Harpex continue to lower from 363.30 (26 Mar) to 362.47 (02 Apr)
Summary
Energy and most soft commodities closed higher while others are mixed. BDI had bottom around Feb, since then BDI had been going higher, time to watch commodities. Commodities may goes higher due to US economy is improving, job growth stabilizing, dry weather all these may drive up commodities price.
COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(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
Harpex continue to lower from 363.30 (26 Mar) to 362.47 (02 Apr)
Summary
Energy and most soft commodities closed higher while others are mixed. BDI had bottom around Feb, since then BDI had been going higher, time to watch commodities. Commodities may goes higher due to US economy is improving, job growth stabilizing, dry weather all these may drive up commodities price.
COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend
- Oats
- Corn
- Wheat
- Soybean Meal
- Natural Gas (1)
- Cotton
- Cocoa
- Platinum
- Palladium (1)
Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend
- Soybean Oil
- Crude
- Gold
- None
- None
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(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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