Commodities Update - 04 Jun 16

BDI edge higher to 610 (03 Jun) from 606 (27 May)
Harpex sharply lower to 356.67 (28 May) from 359.98 (21 May)

Summary
Most commodities closed higher this week, except energy.

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

• Copper
• Palladium (1)

Neutral

• Cocoa
• Oats

Up Trend 

• Wheat
• Natural Gas

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

• Sugar
• Corn
• Soybeans
• Soybean Meal
• Heating Oil

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