Commodities Update - 16 Apr 16

BDI up from 539 (08 Apr) to 635 (15 Apr)
Harpex lower from 362.47 (02 Apr) to 359.98 (09 Apr)

Summary
Most commodities closed higher this week.
Copper COT buying interest increasing sharply but yet to hit 70 level, worth to monitor. This will also give some indication tell whether is the economy picking up or sustainable.

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

• Oats
• Wheat (1)
• Natural Gas (1)

Neutral

• None

Up Trend 

• Cocoa
• Platinum
• Palladium (1)

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

• Soybean Oil
• Crude
• Heating Oil
• Gold
• Silver

Neutral 

• None

Down Trend 

• None

Note
(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