Commodities Update - 30 Jul 16

BDI broke below 700 level, lower from 718 (22 Jul) to 656 (29 Jul)
Harpex lower again from 347.56 (16 Jul) to 345.90 (23 Jul)

Summary
Commodities closed mixed with metals higher while energy lower.

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

• Cocoa
• Wheat

Neutral

• None

Up Trend 

• Natural Gas
• Palladium

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

• Silver
• Lumber
• Cotton

Neutral 

• None

Down Trend 

• Soybean Meal
• Heating Oil

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